About the company
BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clientsāfrom grandparents, doctors, and teachers to large institutionsāturn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.
Job Summary
Principal duties include:
šStrategic Advisory: Serve as a strategic advisor to all levels of management on all matters related to sourcing and procurement, offering insights and recommendations to optimize processes and achieve business objectives. šSourcing Strategy Development: Develop and implement comprehensive sourcing strategies through competitive bidding, proofs-of-concept, demand management, supplier consolidation, and process reengineering efforts that align with the company's overall business goals, ensuring cost-effectiveness, quality, and social responsibility. šSupplier Relationship Management: Build and maintain strong relationships with key suppliers, negotiating and drafting favorable terms into contracts, ensuring the highest standards of quality and service. šMarket Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain, and prepare PowerPoint decks to support informed sourcing decision-making. šCost Management: Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance. šRisk Management: Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions. šCross-Functional Collaboration: Work closely with internal stakeholders, including Business Function Leads, Category Leads, Third Party Risk, and Legal teams around the world in the negotiation of General Services Agreements, Engagement Letters, and Statements of Work. šCompliance and Ethics: Ensure all sourcing and procurement activities comply with corporate policies, ethical standards, and legal requirements.
Experience required:
š3 -5 years of strategic sourcing experience at a consulting, technology, or financial services firm, with a proven track record of success in a technology-related strategic sourcing advisory role. šA passion for the technology sector, including a comprehensive understanding of IT market drivers, trends, and dynamics. šFamiliarity with category planning, competitive bidding techniques (RFI, RFP, RFQ), creation of business cases, vendor selection, vendor risk due diligence, operations management, and vendor dispute/escalation management. šFinancial modelling skills to build multiple negotiation scenarios, total cost of ownership models, consumption models, and demand forecasts based on spend analytics and other data sources. šAbility to construct polished presentations that present data to influence the decisions of senior stakeholders. šDepth in drafting, redlining, and negotiating global contracts, including experience drafting engagement letters and service level agreements (SLAs), with professional service providers.
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