Strategic Sourcing Manager

4 days ago

Dallas, Texas, United States The Goldman Sachs Group Full time
Job Summary

We are seeking a highly skilled Strategic Sourcing Manager to join our team at The Goldman Sachs Group. As a key member of our Spend Management pillar, you will be responsible for developing and implementing category management strategies that drive business value and support our commercial and operational objectives.

Key Responsibilities
  • Collaborate with business and functional leadership to understand short, medium, and long-term third-party requirements, including demand management.
  • Support the creation and execution of procurement strategies and key initiatives.
  • Identify and implement best practices in procurement, commercial, and vendor management.
  • Drive supply side initiatives to reduce or contain risk, and/or create commercial and revenue-generating opportunities.
  • Ensure appropriate contract structures/types, pricing models, vendor incentive models, service level agreements, performance indicators, and cost models are applied consistently across vendors.
  • Partner with internal and external legal counsel to ensure proper forms of agreement are utilized, contractor conformance with the terms and conditions of the agreements, and refinement of agreements as required.
  • Manage compliance with and provide reporting on the firm's commitments in relation to Environmental, Social, and Governance (ESG) initiatives.
  • Facilitate knowledge sharing, experiences, and best practices within and across the global Strategic Sourcing team.
  • Support compliance to the Firmwide Third Party Risk and Control Framework and associated programs.
  • Engage with Risk Partners across the organization, as needed, to review control requirements and drive resolution of Strategic Sourcing issues.
Requirements
  • Bachelor's or Post-Graduation degree, with relevant professional qualifications.
  • Minimum five years' experience in Strategic Sourcing and Category Management, particularly in indirect spend with a preference in corporate services sourcing.
  • Strong technical, strategic, and project management skills, as well as a strong foundation in supply chain management, sourcing, and procurement, project management, vendor management, legal and contracting, or operational risk management.
  • Functional expertise in strategic procurement, category management approach, and procurement value proposition.
  • Strategic mindset with the ability to create category strategies and influence key stakeholders with sourcing decisions.
  • Technical skills, including attention to detail, initiative to broaden knowledge, and financial/analytical skills.
  • Drive and motivation, including the ability to handle multiple tasks, operate at pace, and persist in the face of obstacles or setbacks.
  • Client and business focus, including strong stakeholder engagement skills, ability to handle difficult requests, build trust, and manage client/business expectations.
  • Teamwork, including the ability to collaborate with others within and across teams, encourage participation, and acknowledge contributions.
Preferred Qualifications
  • Experience in successfully negotiating complex, high-profile contracts, including incentivized service level agreements.
  • Excellent client management skills and experience in leading projects involving a range of stakeholders.
  • Track record of being a team player, collaborating with others within and across teams.
  • Proven, strong communication, interpersonal, and organizational skills.
  • Professional and measured approach with credibility within the industry and with peers.
  • Strong executive-level communication/presentation skills.
  • Impeccable attention to detail and excellent problem-solving and analytical skills.
  • Strategic thinker with strong implementation ability.
  • Proficient with the suite of Microsoft Office software.
  • Experience with sourcing procure to pay tools (Ariba, Fieldglass, PMweb).
What We Offer

We offer a competitive salary and benefits package, as well as opportunities for professional growth and development. If you are a motivated and experienced Strategic Sourcing Manager looking to join a dynamic team, please submit your application.

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