VP Professional Services Category & Sourcing Lead

JOB TITLE:   VP, Professional Services Category & Sourcing Lead
JOB LOCATION: Boston, MA
WAGE RANGE*: $75 - 79/ hour
JOB NUMBER: 23701

REQUIRED EXPERIENCE:

Minimum 10 years+ strategic sourcing experience across Professional Services spend is a must. Core experience in Professional services covering Consulting, with technology consulting preferred.
Bachelor's Degree in a related field preferred.
Proven track record of delivering P&L saving projects.
Top level commercial negotiation skills with ability to influence cross-functionally.
Prior in-depth experience negotiating with large and difficult Professional Service providers.
Experience of and ability to develop and implement category strategy plans for Professional Services sourcing.
Proven self-starter who can work independently and within a team while effectively juggling multiple priorities.
Understanding of best-in-class procurement, risk, Information Security and payable processes.
Personal resilience to work within an extremely fast-paced, ambiguous environment.
Strong strategic thinker and problem solver with attention to detail.
Established written and verbal communication skills
Ability to manage challenging stakeholders diplomatically

JOB DESCRIPTION

Who we are looking for:
 The VP, Professional Services Category & Sourcing lead is an important role within State Street's Global Professional Services Team.

There are two main aspects to the role, Sourcing and Category.

Therefore, the role holder is expected to firstly bring strong sourcing subject matter expertise and best practice techniques, to manage and deliver the "end to end” sourcing, contracting and negotiation on deals across Professional Services, and secondly to lead on the development & implementation of Category Strategy plans.

Professional Services Consulting is the primary category the role will be responsible for, with Technology Consulting preferred.
This role will report to the Global Head of Professional Services Procurement and be part of the Global Procurement Services (GPS) function.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. 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.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities 

* While an hourly range is posted for this position, an eventual hourly rate is determined by a comprehensive salary analysis which considers multiple factors including but not limited to: job-related knowledge, skills and qualifications, education and experience as compared to others in the organization doing substantially similar work, if applicable, and market and business considerations. Benefits offered include medical, dental and vision benefits; dependent care flexible spending account; 401(k) plan; voluntary life/short term disability/whole life/term life/accident and critical illness coverage; employee assistance program; sick leave in accordance with regulation. Benefits may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions. Benefits offered are in accordance with applicable federal, state, and local laws and subject to change at TCM's discretion.

What you will be responsible for

 As VP, Professional Services Category and Sourcing Lead for Consulting, your responsibilities will include:

Sourcing Lead – Primary roleHands-on sourcing work to deliver deals and support/motivate a wider team of individuals with varying levels of sourcing knowledge and experience, toComplete contract review and mark-up of relevant terms, commercials and deliverables for MSA/SOW/Amendments. At times, work with legal to redline documents as needed
Conduct contract compliance checks and adhere to risk and process compliance requirements
Coordinate, prepare and manage RFx/competitive bids to optimize cost and service.
Perform direct negotiations and manage sometimes large and complex agreements.
Support the use of preferred suppliers, pricing, rate-cards, discounts, and buying channels.
Heavily contributes to P&L and Cost Avoid savings for the team.
Ensure client satisfaction with service, cycle time, and strategic value-add.
Performs all duties in accordance with prescribed regulatory/process compliance guidelines.
Align and execute on the category strategy plan.
Work on multiple deals/engagements at any given time.

Category Lead – Support roleThe design, development and implementation of multi-year Category Strategy plans which align with Business Unit (BU) & functional stakeholders, including the ability to:Conduct ongoing spending and supplier analysis & category strategy refresh.
Develop and manage a positive relationship with difficult stakeholders.
Find and document cost saving opportunities pipeline via stakeholder engagement and data analysis.
Establish cross-functional teams for major projects and change initiatives
Drive annual cost savings and productivity improvements via strategic RFPs and demand / process management.
Lead and deliver on strategic RFP/deals.
Design and set up the use of preferred suppliers, standardized pricing, rate-cards, discounts, and buying channels. Manage onboarding approval for new suppliers.
Drive a solution to requests and issues in a timely way and perform daily problem solving.
Assess adherence to plans / guidelines and help address leakage or knowledge gaps.
Support train and develop key talent where applicable.
Overall, quickly learn the State Street end to end process, and work within the guidelines to deliver the category strategy, complete contracts, gain savings and deliver results. Hands on, doing the work, delivery and output focused role (not head of category/managing a team role).