Overview
Vice President – Strategic Sourcing & Procurement (Technology) Jobs in Gurgaon, Haryana, India at BlackRock
Title: Vice President – Strategic Sourcing & Procurement (Technology)
Company: BlackRock
Location: Gurgaon, Haryana, India
About This RoleBusiness Unit Overview:BlackRock Finance consists of finance professionals across several disciplines such as Financial Planning & Analysis, Treasury, Tax, Finance Controls, Sourcing and Vendor Management (“SVM”), Finance Platform Support and Controllers. SVM is a global team, with team members primarily based in New York, Gurgaon, and Budapest. SVM aims to be an organization of trusted strategic sourcing advisors enabling BlackRock to achieve more value. The SVM team advises and supports business functions on all their supplier-related initiatives whether they involve supplier identification, evaluation, selection, negotiation, performance management or escalation management. SVM seeks to avoid certain costs, deliver tangible cost reductions, furnish reliable analytical data and insights for improved decision making, and enable a socially responsible and diverse supplier base.
BackgroundSVM seeks a seasoned professional in procurement with a focus on strategic sourcing to support the overallTechnology Categoryfor BlackRockat a global level.
This professional should be responsible forend-to-end management of strategic sourcing activities– from understanding stakeholder needs and available suppliers in the marketplace, to performing supplier assessment & due diligence, to negotiating, redlining, and executing supplier agreements in a timely fashion. This professional should have honed his/her skills to such a level of excellence thatthey can coach and mentor junior staffat the Associate and Analyst level by imparting best practices and past experiences.
Principal Duties Include
Strategic 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.
Sourcing 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.
Supplier 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.
Market 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.
Cost Management: Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance.
Risk Management: Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions.
People Management: Recruit, coach, mentor, and indirectly manage junior staff.
Cross-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 Master Services Agreements, Master Hosted Services Agreements, and Statements of Work.
Compliance and Ethics: Ensure all sourcing and procurement activities comply with corporate policies, ethical standards, and legal requirements.
Experience Required
7 to10+ years of strategic sourcing experience at a consulting, technology, or financial se…
