Ryan Chiu

• Lead the IT Finance and Procurement function for a major Hong Kong bank, overseeing business proposals, financial planning, project accounting and procurement strategies, while managing a team in ITPMO section responsible for all aspects of IT Finance and Procurement operations including BOCHK and its subsidiaries over in Mainland China, Southeast Asia and Asia-Pacific Region.
• Partner with IT management and budget holders to optimize capital expenditure (Capex) and operational expenditure (Opex) planning.
• Conduct thorough financial analysis, including budgeting, forecasting, and variance analysis, to support procurement decisions and ensure alignment with financial goals.
• Prepare and present comprehensive business proposals / procurement strategies and reports to board members and top management, for their approval on major IT initiatives.
• Manage vendor relationships, negotiating contracts, and conducting regular performance evaluations to optimize supplier performance and achieve cost savings.
• Collaborate closely with cross-functional teams to ensure governance compliance by implementing and enforcing regulatory requirements and internal policies related to procurement and financial operations.

Achievement: Spearhead the unbundling of long-standing consolidated contract into separate tenders by service lines level, enhancing competition. Achieved total cost savings of HK$58 Million compared to the previous three-year bundled contract.

• Collaborated with IT management, PMO office, and Finance FP&A Team on CAPEX & OPEX budgets, forecasts, and multi-year projections.
• Delivered financial insights as Business Advisor on IT planning and procurement strategies.
• Developed financial reports for IT leadership, focusing on key spending insights and ROI analysis.
• Supervised IT procurement team, oversaw the entire procurement process, from vendor selection to contract negotiation, focusing on cost-effective solutions and budget compliance.
• Ensured compliance through timely renewal of contracts and continuous monitoring of IT services.

Achievement: Established an Agile IT procurement team, eliminated contract expiration risks and streamlined procurement processes, while improving operational efficiency by 20-30%. Driven cost optimization. Supported IT management in achieving annual Divisional KPI maintaining

• Managed financial planning, forecasting, and budget control for the Club's IT Division, ensuring alignment with organizational goals.
• Prepared consolidated monthly financial statements (P&L) and variance analyses for senior management review.
• Served as Project Controller for key IT initiatives, presenting project financial status updates for overall IT Investment to Project Steering Committee.
• Conducted comprehensive business reviews to support strategic decision-making and optimize financial performance.
• Developed and refined IT Cost Recharge Model, enhancing cost allocation across business units.

Achievement: Led implementation of IT internal Recharge Model. Successfully rolled out IT Development Effort Recharge, Data Centre Recharge, and End-User Service Recharge, effectively reallocating >40% of IT cost to business units. This initiative halved IT division expenses, improving cost transparency and accountability. Financial modelling for offshore development centre (ODC). Conducted cost-benefits analysis and financial modelling for establishing an ODC in Mainland China. Successfully supported the launch of ODC in Shenzhen, reducing overall project development costs while maintaining operational efficiency.