Global Head of Strategic Sourcing, SVP - Procurement

Blackstone • Miami, FL

1d • $200,000 - $250,000 • Onsite

About The Position

Blackstone is the world’s largest alternative asset manager, seeking to create positive economic impact and long-term value for investors, companies, and communities. The firm manages $1.1 trillion in assets across various investment vehicles globally. This role is for a dynamic and experienced Senior Vice President, Global Head of Strategic Sourcing, who will lead the global sourcing team. It is a key strategic position focused on optimizing managed spend, managing the supplier base, enhancing relationships, and driving value across Blackstone's global portfolio. The ideal candidate will have a strategic mindset, deep sourcing expertise, exceptional negotiation skills, and team management capabilities. This is a full-time role based in Miami, FL.

Requirements

• 15 + years of professional experience with at least 10 years of experience managing developing sourcing teams.
• In depth knowledge of sourcing activities, processes, and procedures
• Proven track record of successfully managing complex global sourcing projects and negotiations.
• Experience developing and conducting RFx, supplier analysis, and contracting
• Strategic mindset with sound financial and business acumen, and well-defined decision-making skills
• Dynamic team player, proactive, self-starter with outmost professional integrity and ethics
• Strong analytical and problem-solving skills; think outside the box, interpret data and make data-driven decisions
• Excellent organizational skills, detail-oriented, effectively multi-task and adapt to changing environments
• Demonstrated leadership skills, with proven skills in building, motivating, and leading teams
• Resilient, curious, and deals well with ambiguity
• Excellent oral and written communication and interpersonal skills; maintains effective relationships internally and externally with strong customer service skills
• Proficiency in MS Office suite and other relevant software
• Bachelor’s degree in Supply Chain Management, Finance/Accounting, or Business Administration
• Experience working in international and fast-paced environment
• Experience managing distributed and virtual teams

Nice To Haves

• Experience in financial sector is a plus
• Coupa knowledge a plus
• An MBA would be a plus

Responsibilities

• Lead global sourcing team to develop and implement sourcing strategies across technology, non-technology and market data categories, balancing quality, performance, and costs.
• Ensure compliance with internal and external (global) regulations
• Regularly review and evaluate sourcing procedures and processes, focusing on continuous improvement.
• Partner with the technology teams to identify and implement technology solutions that will improve productivity and efficiency.
• Work with legal teams to optimize contract templates
• Lead negotiations with key suppliers, securing favorable terms and conditions, driving value, and ensuring compliance with legal and regulatory requirements
• Establish, regularly monitor, and publish key performance indicators (KPIs) to evaluate the effectiveness of sourcing area and initiatives
• Manage team of category managers and buyers, focusing on team performance and development, as well as talent identification and development
• Develop and maintain strong, fair, and ethical partnerships with vendors.
• Ensure acceptance and adherence to Blackstone processes and procedures
• Conduct regular supplier reviews to manage performance and effectiveness, creating action plans as needed
• Meet and collaborate regularly with internal stakeholders to understand needs, upcoming projects, and obtain feedback on sourcing performance
• Be an advocate for supplier variety
• Stay informed about area and industry trends, market dynamics, and emerging technologies to identify innovative solutions including sourcing models

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses
• equity and other incentive compensation

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 501-1,000 employees