Who we are looking for
The Sourcing Manager, AVP is an important role within State Street's Global Procurement Team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process with a focus on software categories. This Sourcing Manager will support/be a part of the global, regional and local Telecom and IT HW sourcing teams.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.
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Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Sourcing Manager - Telecom & IT HW you will:
- Review and mark-up existing contracts requiring change as well as new contracts, using State Street and vendors contracts templates.
- Perform direct commercial, contract negotiations and manage sometimes large and complex Procurement activities in Telecom & IT HW area.
- Contribute to P&L and cost savings via stakeholder engagement and thorough data analysis. Identify risks and opportunities related to achieving financial objectives.
- Coordinate, prepare and manage RFx/competitive bids to optimize cost and service.
- Use a white glove approach in stakeholder management to provide advice and guidance. Solution requests and issues timely, and perform daily problem solving.
- Quickly learn the State Street end to end process, and work within the guidelines to gain savings and deliver contracts meeting compliance requirements
- Collaborate with TPRM teams to support appropriate policies and procedures are followed and used consistently throughout the services and products acquisition process, to identify and mitigate 3rd party risk
- Perform all duties in accordance with prescribed regulatory compliance guidelines
What we value
These skills and qualifications will help you succeed in this role
- 5 - 8+ years of sourcing experience in Telecom (must to have) & IT HW sourcing, with global exposure
- A very strong understanding of Telecom services portfolio: data networks (MPLS, P2P, Business Internet), voice (TDM, IP), AV conferencing, Wireless, telecom services related software
- An understanding of IT HW portfolio would be advantages: Network HW, Servers, Storage, Mainframes, End User Devices, Databases, Data Center (Space & Power model)
- Proven strong experience in reviewing, negotiations and drafting Telecom and IT HW contracts, including risks model, information security and payable processes
- A strong understanding of pricing models, metrics, etc. with the ability to suggest sourcing and contracting alternatives
- Self-starter with analytical skills, problem solver with attention to details who can work independently and within a team while effectively juggling multiple priorities
- Personal resilience to work within an extremely fast-paced, ambiguous environment
- Ability to manage challenging stakeholders diplomatically
- Excellent command of the English language and Microsoft Office tools
We offer:
- Flexible working arrangements
- Employee savings plan
- Premium life insurance package
- VIP medical package
- International operating environment
- Additional holiday entitlement
- Language classes
- Soft skills trainings
- Development sessions with a mentor
- Diversity of opportunities across a range of challenging and highly complex activities
- Technical or leadership career pathway
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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