Provides strategic and operational sourcing support for Vanguard Australia. Serves as a strategic subject matter expert the front-end procurement process, supporting creation and delivery of category strategies aligned to business needs. Leading RFx activities, evaluating business requirements, identifying suppliers and vendors, leading negotiations, and establishing supplier agreements. Applying procurement expertise to optimize processes, continuous improvements whilst delivering against Vanguards business needs and leading value capture initiatives. Focused on increasing commercial outcomes of Vanguard Australia's supplier agreements.
About Vanguard
More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.
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Today, Vanguard is one of the world's largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.
About the Opportunity
We currently have an exciting opportunity for a Strategic Sourcing Specialist as part of Vanguard's global Enterprise Supplier Management (ESM) team. The Strategic Sourcing Specialist provides strategic and operational sourcing support for Vanguard Australia. Serves as a strategic subject matter expert the front-end procurement process, supporting creation and delivery of category strategies aligned to business needs. Leading RFx activities, evaluating business requirements, identifying suppliers and vendors, leading negotiations, and establishing supplier agreements. Applying procurement expertise to optimize processes, continuous improvements whilst delivering against Vanguards business needs and leading value capture initiatives. Focused on increasing commercial outcomes of Vanguard Australia's supplier agreements
You will also:
- Serve as a subject matter expert in managing medium and high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services. Manage relationships for suppliers within category. Support creation and delivery of category strategy, identif y and deliver value capture initiatives.
- Perform supply market data analysis and recommend suppliers and vendors to the business. Identif y and is knowledgeable of industry trends and category strategies to recommend linkages to business needs.
- Use Data Analytics and reporting to provide insights and actionable recommendations to stakeholders.
- Drive engagements, resolve issues and involve stakeholders as needed. Interface with other sourcing operations teams, business units and legal & risk partners for each transaction.
- Interpret and communicate contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business units. Perform regular performance monitoring and review of key suppliers.
- Support sourcing process compliance. Educate key stakeholders about commercial, legal, policy and other considerations in support of the negation process.
- Assist in the development and education of team members around operational and strategic sourcing.
- Ensure supplier and contract data is submitted or entered into the management systems and databases.
- Develop and lead Australian triage process ensuring each requisition is handled by the appropriate buyer based on complexity and category. Establish and maintain procedures, resolve issues and involves stakeholders as needed.
- Participate in special projects and perform other duties as assigned.
About you
We are looking for a team-player, who thrives on building and maintaining relationships. You will have end to end procurement services experience as part of a large organization and a history of providing exceptional vendor management.
You will also have:
- Three to Five years related work experience.
- Degree or equivalent combination of training and experience. Graduate degree in Accounting or Finance preferred.
- Strong communication and stakeholder engagement skills required .
- A high level of data analysis, reporting and negotiation skills.
- Flexible working hours to work with stakeholders across different time zones, mostly America, Europe and Australia, is required . This is about 10%-20% per week.
- Chartered Institute for Procurement and Supply (CIPS) or equivalent certification preferred
- Financial Services industry experience and/or experience working in a global matrixed organization; and
Inclusion Statement
Vanguard's continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: "Do the right thing."
We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard's core purpose through our values.
When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.
Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.