IT Sourcing and Category Manager

This job is with Invesco, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

About Invesco

As one of the worlds leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If youre looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

Whats in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

• Flexible paid time off

• Hybrid work schedule

• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution

• Health & wellbeing benefits

• Parental Leave benefits

• Employee stock purchase plan

Job Description

Job Description: IT Sourcing Manager / Category Manager

Position Overview

The IT Sourcing Manager / Category Manager supports the development and execution of sourcing strategies across key technology spend categories, including software, cloud services, cybersecurity, SaaS platforms, telecom, and hardware.

This role focuses on driving cost efficiency, supporting supplier selection, managing sourcing events, and ensuring contract compliance , while partnering with cross-functional stakeholders across IT, Finance, Legal, and Vendor Management.

The position requires strong analytical skills, foundational negotiation capability, and the ability to manage sourcing initiatives end-to-end under the guidance of senior leaders.

Key Responsibilities

1. Category Support & Planning

• Support development and execution of category strategies for technology spend areas (software, cloud, infrastructure, telecom, and services).
• Conduct market research and benchmarking on pricing, licensing models, and supplier offerings.
• Assist in identifying cost-saving opportunities, supplier consolidation, and demand management initiatives.
• Maintain category data, supplier insights, and spend analytics to inform sourcing decisions.
• Align sourcing activities with IT roadmaps and budget cycles.

2. Sourcing Execution & Negotiation

• Execute sourcing events including RFIs, RFPs, RFQs , supplier evaluations, and bid analysis.
• Support contract negotiations for commercial terms, pricing, SLAs, and licensing structures.
• Deliver cost savings and value through competitive sourcing and negotiation activities.
• Manage mid-sized deals and renewals (e.g., SaaS subscriptions, software licenses, infrastructure agreements).
• Coordinate supplier communications and ensure timely completion of sourcing initiatives.

3. Contract & Commercial Management

• Support the contract lifecycle process , including drafting, redlining, and approvals in partnership with Legal.
• Ensure contracts meet internal compliance, data privacy, and security requirements.
• Track key contract terms such as renewal dates, pricing adjustments, and usage commitments.
• Identify and escalate risk areas such as auto-renewals, price increases, and unfavorable terms.

4. Stakeholder Engagement & Collaboration

• Partner with IT stakeholders (Infrastructure, Security, Engineering, Architecture) to understand business requirements.
• Translate technical requirements into sourcing specifications and evaluation criteria.
• Provide regular updates on sourcing activities, timelines, and savings outcomes.
• Support stakeholder alignment and facilitate decision-making throughout the sourcing process.

Required Skills & Qualifications

Technical & Domain Knowledge

• Working knowledge of key IT domains such as cloud (AWS/Azure), SaaS, cybersecurity, networking, and enterprise software .
• Basic understanding of subscription models, licensing structures, and cloud consumption pricing.
• Ability to interpret technical requirements and align them with commercial solutions.

Procurement & Negotiation Skills

• Experience with standard sourcing methodologies and procurement processes.
• Strong analytical skills, including spend analysis and supplier comparison.
• Developing negotiation skills with the ability to achieve cost savings and favorable terms.
• Experience supporting contracts in the $100K-$1M range (or similar).

Collaboration & Execution

• Strong organizational and project management skills; able to manage multiple sourcing events concurrently.
• Effective communication and stakeholder engagement skills.
• Ability to work cross-functionally and influence outcomes at the working-team level.

Tools & Systems

• Experience with procurement and sourcing tools such as: Zip Oracle Procurement Globality SpendHQ Ironclad (or other CLM systems)

Experience Requirements

• 3-7 years of experience in IT sourcing, procurement, vendor management, or category support.
• Experience running sourcing events and managing supplier interactions.
• Track record of delivering measurable cost savings or process improvements.
• Exposure to enterprise or global procurement environments preferred.

Education (Preferred)

• Bachelors degree in Business, Supply Chain, Finance, IT, or related field.
• Relevant certifications (e.g., CPSM, CIPS) a plus.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

Pursuant to Invescos Workplace Policy, employees are expected to comply with the firms most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each others growth and development.

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invescos culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.