Senior Sourcing Manager

3 weeks ago

St Petersburg, United States Raymond James Financial Incorporated Full time
Job Summary:

Under limited supervision, leverages proven sourcing experience, supply market intelligence, strategic thinking, negotiation and contracting and supplier relationship management skills to develop and implement procurement strategies that minimize Total Cost of Ownership while prioritizing stakeholder service. Ensures business requirements are fulfilled, risks are mitigated, and value is optimized across business units. Extensive communication with senior management is required to provide comprehensive solutions to complex problems or needs. Expertise in Market Data and Software Sourcing.

Essential Duties and Responsibilities:

•Identify, develop, and manage strategic business relationships and gain understanding of business requirements, by working closely with stakeholders and team members to develop strategies/plans and during execution.

•Ensures business supply continuity, protect company assets, and comply with corporate and regulatory policies and contractual compliance.

•Leads cross functional teams through gathering requirement, category strategy development, strategic sourcing, and supplier negotiation, contracting and on boarding processes.

•Participates in joint meetings with internal business clients to assist in procurement forecasting, demand management, requirements development and identification of possible purchasing channels and sources.

•Assists internal business clients with developing and reviewing statements of work, service level agreements, contractual terms and conditions (inclusive of usage, pricing, delivery, acceptance, payment, warranty, etc.

•Leads, either individually or with team members, sourcing initiatives ranging from $100K - $1M+ in spend from pre-RFP through post purchase/ implementation.

•Builds and maintains profiles/overview of key current and potential suppliers in support of Vendor Management.

•Negotiates contractual business requirements and Service Level Agreements (SLAs).

•Conducts periodic performance reviews with management of key suppliers and business stakeholders based on an understanding of the Total Cost of Ownership over the lifecycle of both products and services.

•Provides market research and overview for third-party supplier/vendor relationships for managed category(s).

•Responsible for decisions regarding selection, retention, evaluation and development of diverse suppliers used to provide services for their category.

•Performs other duties and responsibilities as assigned.

Qualifications:

Knowledge, Skills, and Abilities:

Knowledge of:

•Strategic sourcing and procurement processes, policies and compliance mechanisms.

•Categories to be managed: Market Data and Software

•Key contract terms of market data/ software contract

•Supplier Performance management.

Skill in:

•Building strategies, managing category and implementing procurement best practices, including supplier selection via RFI/RFQ/RFP, negotiations, contracting, and supplier evaluation.

•Provide directions, and influence for internal and external stakeholders in Demand Management, Supply Base Management, and Total Cost Management.

•Negotiating enterprise-wide agreements that accommodate current and future business objective

•Establishing personal credibility with senior stakeholder

•Interpreting and applying policies and procedures.

•Establishing category(s) objectives.

•Identifying trends and implementing appropriate corrective action.

**Minimum five (5) years of experience supporting Market Data and/ or Software Sourcing** (Strongly Preferred)

Ability to:

•Benchmark the organization's current state and develop plans for leading and managing the organization's procurement of the category(s) to higher levels of maturity

•Influence, articulate, and present at the highest corporate levels inside and outside of the company.

•Convert complex ideas into real executable action steps, with a focus on results.

•Work independently.

•Communicate effectively, both orally and in writing, with all organizational levels, including senior management.

•Lead meetings and contribute to team efforts by ensuring all relevant information is included in the outcomes.

•May lead the work of others.

•Identify training needs and develop subordinates.

•Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.

•Solicit and respond to customer feedback.

Educational/Previous Experience Requirements:

•Bachelor's Degree (B.A.) in Business, Supply Chain, Engineering or related field and eight (8) years' experience in strategic sourcing, procurement, and vendor management.

~or~

•Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications:

•Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) from ISM or similar from Chartered Institute of Purchasing and Supply preferred.

Raymond James Guiding Behaviors

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

•Grow professionally and inspire others to do the same

•Work with and through others to achieve desired outcome

•Make prompt, pragmatic choices and act with the client in mind

•Take ownership and hold themselves and others accountable for delivering results that matter

•Contribute to the continuous evolution of the firm

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