Chief Procurement Officer, SVP

State Street • Boston, MA

6d

About The Position

State Street is seeking a Chief Procurement Officer, Senior Vice President, to lead and transform its global enterprise Source-to-Pay function. Reporting to the EVP, Global Head of Strategic Finance, this leader will oversee how the firm sources, contracts, buys and pays for third-party goods and services across businesses and geographies. The remit brings together category management, strategic sourcing, contracting, procurement operations, Accounts Payable and payments, supported by technology and data platforms.

The role is a transformation mandate focused on delivering sustainable commercial value, strengthening controls and resilience, and creating a simpler experience for business teams and suppliers. The Chief Procurement Officer will modernize the global operating model, establish Procurement as a strategic partner, and embed automation, artificial intelligence and advanced analytics throughout the Source-to-Pay lifecycle. The role works closely with senior business leaders and stakeholders in Finance, Legal, Risk, Compliance and Information Security, as well as strategic suppliers.

The successful candidate will be a commercially sophisticated, controls-oriented enterprise leader with executive presence and a hands-on understanding of operations, technology and transformation. They will influence senior stakeholders and balance commercial ambition with disciplined execution in a complex, globally regulated institution.

Requirements

• 15+ years of progressive procurement or Source-to-Pay leadership, including senior accountability for enterprise category strategy, sourcing, contracting and procurement operations.
• Experience in a global systemically important bank or financial institution, or a comparably complex, highly regulated global organization, with strong knowledge of third-party risk, operational resilience, financial controls and regulatory expectations.
• A proven record of transforming procurement or Source-to-Pay at scale across processes, operating models, teams and technology, delivering measurable, well-governed outcomes.
• Leadership of multi-billion-dollar third-party spend across categories and geographies, with demonstrated savings, cost avoidance, demand management and total-cost-of-ownership improvements supported by rigorous benefit validation.
• Established executive relationships with major suppliers across technology and cloud, market data, and professional services or consulting, supported by strong commercial negotiation skills.
• Hands-on command of requisition-to-order, invoice processing, Accounts Payable, payments, approval authority and supplier-data controls.
• Experience selecting or implementing Source-to-Pay, contract lifecycle management, enterprise resource planning and analytics platforms, and applying automation and AI.
• A track record of building and leading global teams in matrixed organizations and engaging executive leadership, auditors, regulators and strategic external partners.
• Bachelor’s degree required.

Nice To Haves

• MBA or relevant advanced degree preferred.
• Professional procurement or supply-chain certification such as CPSM, CIPS or MCIPS desirable.
• Experience with supplier impact and development, sustainable sourcing and relevant global supply-chain obligations.
• Experience with managed-service or outsourced processing models and, where applicable, procurement due diligence and integration for mergers and acquisitions.

Responsibilities

• Set and execute global procurement strategy and a multi-year Source-to-Pay transformation roadmap across category management, sourcing, contracting, requisition-to-order and invoice-to-pay.
• Deliver validated savings, cost avoidance and value through competitive sourcing, demand management, supplier rationalization and total-cost-of-ownership analysis across technology and cloud, market data, professional services, operations, facilities, HR services, travel and contingent labor.
• Lead high-value negotiations and executive supplier relationships, partnering with Legal, Risk and Compliance on contractual protection, performance, innovation and resilience; maintain governed contract standards and visibility into obligations and renewals.
• Oversee procurement operations, Accounts Payable, vendor payments and employee reimbursements, improving service, working capital and supplier experience while maintaining approval, supplier-data, fraud-prevention and segregation-of-duties controls.
• Own procurement policies and standards, partnering with control functions on third-party risk, ethical sourcing, privacy, outsourcing requirements, critical-supplier resilience, concentration management, exit planning, audits, examinations and remediation.
• Own the technology and data roadmap across enterprise resource planning, procurement, contract lifecycle management and analytics; embed automation and AI to improve processing, preventive controls and decision-making.
• Oversee sustainable sourcing, supplier impact and development, including small and local businesses, relevant supply-chain obligations and reporting, contingent labor, travel and corporate card, market data operations, and managed-service arrangements.
• Lead and develop a high-performing global organization with clear accountability, succession coverage and a culture of collaboration, commercial discipline, service excellence, integrity and risk ownership.
• Secure business sponsorship for change and report transparently on spend, savings, supplier performance, risk, service and transformation progress.

Benefits

• Retirement savings plan (401K) with company match.
• Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages.
• Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
• Access to the Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards, excluding certain sales roles subject to sales incentive plans.
• Eligibility for certain tax-advantaged savings plans.
• Inclusive development opportunities, flexible work-life support, paid volunteer days, and employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive