Technology Sourcing - Strategic Sourcing Manager

Technology Sourcing - Strategic Sourcing Manager - 18907 - Bloomberg

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Technology Sourcing - Strategic Sourcing Manager

Location

New York

Business Area

Accounting and Finance

Ref #

10050730

Description & Requirements

The Bloomberg Terminal quickly and accurately delivers business and financial information, news and insight around the world to over 315,000 customers worldwide. Our global terminal customers depend on our proprietary high-quality hardware to be able to access our terminal and make critical business decisions. Bloomberg's Global Finance team works with all things (you guessed it) financial! We help business partners with all aspects of Procurement to cash collection, customer billing, revenue recording, vendor invoice processing and payments, regional treasury, and cash funding, indirect tax, capital planning and fixed assets. Global Procurement supports both the strategic sourcing and operational purchasing of goods and services for the organization. What does that mean? We procure and distribute the goods and services that Bloomberg needs to do business. We handle any vendor-related risks and deliver the best customer service in the world.

We understand urgency, work hard, have commercial acumen and are customer service driven. Our clients internally and externally count on us daily. Our team is tight, but our culture is wide open, where we challenge and support each other's creative ideas to remain first-class.

The Role:

Our dynamic Procurement department is seeking an enthusiastic and ambitious Strategic Sourcing Manager to join its team based in New Yor City. The successful candidate will assist in developing and executing enhanced sourcing and vendor management strategies that align with Bloomberg's business objectives.

As a Strategic Sourcing Manager, you will support sourcing and vendor management activities for our Technology business areas. You will be responsible for building and managing relationships with internal stakeholders and vendors who support our varied requirements across a Global landscape. A thorough understanding of procurement principles, excellent customer service skills, strong communication, stakeholder management, and attention to detail are essential for this role. You will be part of our New York City Technology Sourcing team supporting multiple internal stakeholders from a diverse range of departments with varied needs in a dynamic environment. We are seeking a team player who has a strong passion for contributing to a Global Department that delivers top-quality service.

We'll trust you to:

• Be able to provide expertise in procurement and commercial insights to internal customers and other stakeholders
• Build strong and lasting relationships with internal stakeholders and key vendors
• Think strategically, collaborate effectively, and negotiate skillfully
• Negotiate and engage with key stakeholders and vendors to facilitate delivery and compliance with Bloomberg's Procurement Framework
• Develop, implement and enhance sourcing strategies and manage a robust sourcing deal pipeline
• Determine specifications and requirements for products and services through collaboration with stakeholders and the departments' strategic plans and needs
• Be able to make sourcing recommendations based on financial analysis, cost structure of categories, vendor alignment with Bloomberg's goals and strategies, and vendor position in their industry alongside marketplace offerings
• Understand the internal and external environment for the goods/services required by the business
• Support change management and adhere to purchasing frameworks and vendor risk management policies
• Effectively communicate impact of market changes and potential effects on vendors to stakeholders
• Persuasive and able to align cross-functional teams with different goals and complexities
• Deliver outstanding customer service and support regional sourcing opportunities
• Innovate within the procurement space; look for new ways to structure S2P programs and/or categories

You'll need to have:

• 10-12 years of Strategic Technology Sourcing experience specializing in Software. Additional Hardware and IT Services experience welcomed.
• BA/BS degree or equivalent
• Strong knowledge of RFI/RFQ/RFP and sourcing process
• Experience in contract negotiation, redlining, and vendor management
• Excellent communication, interpersonal skills, and attention to detail
• Strong customer service skills including issue resolution, negotiation, project management, and analytical problem-solving with a focus on continuous improvement
• Strong leadership and stakeholder management skills with regional and cultural awareness, and proven ability to build trusting relationships across stakeholder groups
• Strong vendor performance management experience in the technology space including monitoring, measuring and improving third-party performance against agreed to KPIs, SLAs and contractual obligations
• Ability to analyze internal and external data to drive sourcing insights and decisions
• Capability to learn new applications relevant to the role
• Effective interaction in a cross-functional and fast-paced environment with various stakeholders

We'd love to see:

• Experience in a fast-paced, data-driven environment and the ability to multi-task
• Demonstrated application of negotiation and strategic sourcing/procurement principles
• Successful collaboration with diverse stakeholders to achieve international business goals
• The ability to manage a high volume of transactions at a strategic level
• Knowledge of international trade terms
• Applied knowledge of regulatory/compliance contracting
• SAP or other ERP systems knowledge
• Strong MS Office and technical skills
• CPP / CIPS / CPM preferred
• Knowledge of AI Tools like OpenAI ChatGPT, Google Gemini and Microsoft Co-pilot to help support and streamline sourcing activities

Does this sound like you?

Apply if you think we're a good match. We'll get in touch to let you know what the next steps are.

Bloomberg is committed to diversity. It drives our innovation. At Bloomberg, you'll have the opportunity to go above and beyond and to take risks. You'll be a part of an organization that is entering new markets, launching new ventures, and pushing boundaries. Our ever-expanding array of technology, data, news, and media services champions innovation and empowers clients -- and offers nearly limitless opportunities for career growth.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We bring out the best in each other.

Salary Range = 125000 - 180000 USD Annually + Benefits + Bonus

The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level.

We offer one of the most comprehensive and generous benefits plans available and offer a range of total rewards that may include merit increases, incentive compensation (exempt roles only), paid holidays, paid time off, medical, dental, vision, short and long term disability benefits, 401(k) +match, life insurance, and various wellness programs, among others. The Company does not provide benefits directly to contingent workers/contractors and interns.

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Equal Opportunity

Bloomberg is an equal opportunity employer and prohibits discrimination in employment. It is Bloomberg's policy to provide equal opportunity and access for all persons, and the Company is committed to attracting, retaining, developing, and promoting the most qualified individuals without regard to age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, self-identified or perceived sex, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy, childbirth or related medical conditions, or parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law (each, a "Protected Characteristic"). Bloomberg prohibits treating applicants or employees less favorably in connection with the terms and conditions of employment, in all phases of the employment process, because of one or more Protected Characteristics.

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