Head of Sourcing, Client Engagement and Contracts

Fidelity Investments • Boston, MA

274d • Hybrid

About The Position

The Head of Sourcing, Client Engagement and Contracts will oversee the end-to-end sourcing and contracting lifecycle, alignment with business objectives, cost-effectiveness, regulatory compliance, and supplier performance. The role requires a strong balance of strategic vision, operational execution, stakeholder engagement, and risk management expertise. Develop and lead an enterprise-wide sourcing strategy that aligns with business goals, cost savings, and supplier innovation. Oversee category management framework, ensuring a structured approach to supplier selection, negotiations, and value realization. Identify opportunities for cost optimization, process efficiencies, and supplier consolidation while maintaining quality and service levels for the organization. Oversee the contract negotiations for high-value and high-risk supplier agreements, ensuring favorable terms, risk mitigation, and regulatory compliance. Partner with legal, risk, compliance, and finance teams to structure and manage complex contracts, including service-level agreements (SLA's) and performance metrics. Oversee contract lifecycle management (CLM) tools and processes to enhance governance and streamline contract execution. Develop and maintain strategic partnerships with key suppliers, fostering collaboration and continuous improvement. Ensure compliance with regulatory requirements and ethical sourcing principles. Function as strategic advisor to the business leaders and executive teams, aligning procurement strategies with organizational goals. Partner with operations, IT, finance, and legal teams to drive procurement best practices and maximize value creating. Lead and participate in governance structures to prioritize sourcing initiatives, resolve escalations, and optimize supplier performance. Build, develop, and mentor a high-performing sourcing, engagement and contracting team, fostering a culture of innovations and continuous improvement. Implement best-in-class procurement methodologies, analytics, and technology to enhance sourcing effectiveness. Collaborate with other leaders across Procurement for transparency and openness on opportunities across the end-to-end source to pay process.

Requirements

• Master's degree.
• 15+ years of experience.
• JD preferred.
• Legal and Negotiation expertise.
• Contract Management, Vendor and Risk Management skills required.
• Experience with strategy development and change management.
• Ability to synthesize analysis and research into strategic insights.
• Ability to assess risk and operationalize findings.
• Skilled in building relationships with peers and executives.
• Influencing and Collaboration skills.
• Ability to maintain a strong risk aversion position.
• Experience in Legal, Vendor, Risk and Contract Management, and Strategic Sourcing.

Nice To Haves

• Experience in leading communications with key business leaders.
• Ability to motivate large organizations and produce innovative organizational alignments.

Responsibilities

• Oversee the end-to-end sourcing and contracting lifecycle.
• Develop and lead an enterprise-wide sourcing strategy.
• Oversee category management framework.
• Identify opportunities for cost optimization and process efficiencies.
• Oversee contract negotiations for high-value and high-risk supplier agreements.
• Partner with legal, risk, compliance, and finance teams.
• Oversee contract lifecycle management (CLM) tools and processes.
• Develop and maintain strategic partnerships with key suppliers.
• Ensure compliance with regulatory requirements and ethical sourcing principles.
• Function as strategic advisor to business leaders and executive teams.
• Partner with operations, IT, finance, and legal teams.
• Lead and participate in governance structures.
• Build, develop, and mentor a high-performing sourcing team.
• Implement best-in-class procurement methodologies, analytics, and technology.
• Collaborate with other leaders across Procurement.

Benefits

• Hybrid working model blending onsite and offsite work experiences.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Master's degree