ESM Sourcing Lead (S1)

The Vanguard Group•Malvern, PA

6d•Hybrid

About The Position

The Sourcing Lead, based in Malvern, PA, will provide support to Vanguard’s International Division, focusing on Europe (primary) and Americas (secondary), while partnering closely with procurement and key stakeholder groups (e.g. Legal, Risk, etc.), internal clients, and suppliers located both regionally and across the globe. This role will manage and execute third party supply and demand activities, ensuring alignment with business needs and goals.

Requirements

Minimum of three (3) years related work experience, including leading contract negotiations and running competitive RFQ/RFI/RFPs.
Undergraduate degree or equivalent combination of training and experience.
Flexible work hours are required to work with stakeholders across regions in different time zones. Early mornings will be required.
Strong communication and relationship management skills are required.
Ability (and willingness) to escalate proactively.
Proven ability to work autonomously is required.
Strong data analysis and reporting experience is required.

Nice To Haves

Financial Services and/or Technology specific experience preferred.
Graduate degree preferred.
Executive presentation skills are preferred.
Experience working with remote teams is preferred.

Responsibilities

Leads and prepares medium-to-high complexity strategic sourcing transactions, negotiations, and supplier selection (including competitive bidding) for products and services.
Interfaces with other sourcing teams, business leaders, legal and risk partners for each transaction.
Manage contracts and relationships for suppliers within categories, including, but not limited to: Technology (including AI), Marketing, Human Resources, and Professional Services and Facilities.
Communicates project status and issues regularly to stakeholders, including leaders and senior managers.
Ensures that the contracting team (Contract Advisory) receives documents in good order.
Ensures the Third-Party Risk Management (TPRM) team receives the proper information about each transaction.
Communicates contract requirements, obligations, and risk exposures to key stakeholders.
Ensures proper closure of transactions including accurate data and proper handoff to the business lead and supplier.
Performs supply market data analysis and recommends suppliers to the business.
Identifies and is knowledgeable of industry trends.
Ensures category strategies are aligned with the overall business strategy.
Leverages data analytics and insights into such strategies that are aligned to the businesses funding and forecasting.
Provides insight regarding best practices and common obstacles based on prior experiences.
Prepares and presents analysis, findings, and potential solutions.
Crafts data into a compelling story with actionable insights.
Builds and maintains effective relationships.
Proactively fosters communication between internal and external stakeholders.
Drives engagements, resolves issues, and involves stakeholders as needed.
Proactively identifies, manages, and mitigates risks and any related issues.
Communicates solutions on key issues to management and stakeholders to obtain their input and buy-in as appropriate.
Follows and champions global procurement process adherence.
Supports related training efforts.
Educates key stakeholders about considerations in support of the contract negotiation or supplier management process.
Ensures application of fair business practices and procurement of products and services at the best execution and price.
Ensures your individual time management is aligned to ESM’s overall goals and key initiatives.