Vice President of Procurement & Strategic Sourcing
Confidential
Vice President of Procurement & Strategic Sourcing
About the Company
Leading global financial institution focused on third-party sourcing and market data services.
Industry
Financial Services
Type
Privately Held
About the Role
The Company is in search of a VP of Procurement and Strategic Sourcing to oversee third-party supplier relationships and sourcing initiatives, with a specific emphasis on market data services. The successful candidate will be responsible for leading strategic sourcing activities, including competitive events, supplier evaluations, and commercial negotiations. This role requires close collaboration with senior stakeholders across various functions such as procurement, legal, risk, finance, and business, to ensure that the company's sourcing strategies align with its needs and objectives. Key responsibilities for the VP of Procurement and Strategic Sourcing include defining business requirements, developing sourcing strategies, and managing the end-to-end sourcing process. The ideal candidate will have a strong background in professional services sourcing, particularly within the market data supplier landscape, and will be adept at analyzing supplier proposals, negotiating contracts, and establishing effective supplier governance processes. The role also involves conducting market research, identifying opportunities for value generation, and driving change in the company's supplier strategy. The role demands a professional with a proven track record in strategic sourcing, excellent negotiation skills, and the ability to work effectively with cross-functional teams. A deep understanding of the market data supplier landscape and the ability to translate market research into actionable recommendations are essential. The VP of Procurement and Strategic Sourcing will play a critical role in the company's procurement operations, and as such, a strategic mindset, strong leadership abilities, and a focus on driving value through sourcing initiatives are key attributes for the position.
Functions
- Operations
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