Our Procurement Team has an exciting opening for a Lead Strategic Procurement Advisor role in our Finance/Financial Assets/Market Data group. In this role you will lead procurement strategy development, supplier selection, negotiation and contracting, and relationship management for your assigned areas. Additionally, this role will be responsible for managing the contracting process for Market Data services. This lead role will also have opportunities to mentor others on procurement best practices and strategies.

Responsibilities:

  • Performs a full range of contracting duties and responsibilities, which include redlining, negotiation and award, gathering subject matter expert feedback, contract modification, resolution of performance problems and complex payment issues, and contract termination.

  • Responsible for negotiating legal and commercial terms.

  • Creates and administers supplier request for proposals (RFPs).

  • Recommends and implements category procurement and commodity sourcing strategies to achieve strategic plans for market data.

  • Leads cross functional teams to develop and execute local or global strategies covering categories and commodities across a broad customer base.

  • Performs market research and analysis to understand and document competitive supplier landscape,  service capabilities, and opportunities.

  • Serves as a trusted adviser to the business unit in all acquisition related matters, from pre-award strategic planning to contract close out actions.

  • Collaborates with internal teams, including the business unit, legal, privacy, and information security to align procurement strategies with business goals and project requirements, and ensure sourced materials meet all required specifications and company guidelines.

  • Fosters strong relationships with key suppliers to enhance collaboration, communication, and partnership.

  • Executes governance with suppliers; drive a two-way exchange of information related to strategies, priorities, requirements, and disputes.

  • Monitors supplier performance and facilitates communication between stakeholders to ensure business expectations are met.

  • Drives supplier behavior and delivers continuous improvement in vendor performance.

  • Champions and executes supplier management best practices to maximize the value of supplier relationships.

  • Makes continuous improvement recommendations to relevant processes, procedures, policies and systems.

  • May mentor others.

  • Other duties as assigned.

Qualifications:

  • Bachelor’s degree in business administration, operations management, Finance, or other directly applicable field or equivalent education/experience.

  • At least 7 years of experience in category procurement, strategic sourcing, supplier management and contract management.

  • Must work independently to manage a pipeline and to deadlines.  Must be able to manage vendor and business stakeholder relationships in order to support contract negotiations.

  • Experience with the supplier identification, selection and negotiation process.

  • Knowledge of supplier management best practices and industry trends.

  • Exceptional written, interpersonal and verbal communication skills requiring a balance of assertiveness, tact and diplomacy

  • Ability to work with teams across geographically dispersed locations

  • Ability to effectively manage ambiguous situations and drive towards clarification

  • Demonstrated ability to influence others and drive change

  • Proven analytical and problem-solving skills, with keen attention to detail

  • Ability to succeed under pressure, set priorities, and meet deadlines in a rapid-paced environment

  • Self-motivated with a positive attitude

  • Strong business acumen and demonstrated ability to put strategic plans into operation

  • Proven ability to manage multiple projects and support activities within a single job function.

Preferred Qualifications:

  • Category Management experience with Market Data Subscription vendors (e.g. Bloomberg, Moody’s, Morningstar, S&P, Refinitiv, Murex, ICAP, etc.)

  • Certified Sourcing Professional (CSP), Certified Outsourcing Professional (COP), or similar industry certification

  • Global perspective and experience working with diverse customers and suppliers.

  • Experience in a shared services environment.

  • Experience in the financial services industry.

  • Experience managing suppliers with global product/service provisioning models.

  • Experience across multi-functional business processes.

  • Experience working with various electronic procurement tools. 

Working Conditions:

  • Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely.

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** 

The Salary for this position generally ranges between $91,000 - $115,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.  

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company discretion. 


This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.