Procurement & Sourcing - Software, VP

State Street•Quincy, MA

9d•$110,000 - $181,250•Onsite

About The Position

The VP of Software Sourcing is an important role within State Street’s Global Procurement Team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for software and cloud engagements. This sourcing manager will support/be a part of the global, regional and local category sourcing strategies working with our global IT vendors. The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need people like you to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

A number of years (10+) strategic sourcing experience in IT related spend is a must with referenceable knowledge in cloud software
A strong understanding of all facets of global IT vendors
Proven track record of delivering P&L saving projects
Should have strong commercial skills and be able to deliver cost effective outcomes
Top level negotiation skills with ability to influence cross-functionally
Understanding of best in class procurement, risk, Information Security and payable processes
Proven self-starter who can work independently and within a team while effectively juggling multiple priorities
Strong strategic thinker and problem solver with attention to detail
Personal resilience to work within an extremely fast-paced, ambiguous environment
Established written and verbal communication skills
Ability to manage challenging stakeholders diplomatically
Good presentation skills and a keen eye for detail a must

Responsibilities

Perform direct negotiations and manage large and complex agreements
Find and deliver saving opportunities via stakeholder engagement and data analysis
Draft and negotiation Master License and Cloud agreements with support from Legal
Negotiate IT security schedules with support from IT Security and Legal SMEs
Develop stakeholder relationships on a face to face basis across our Boston locations using a white glove approach as needed with senior stakeholders(Quincy)
Develop vendor relationship with key Infrastructure, Cyber Security and other critical vendors where stakeholders are based in the Quincy office.
Identify risks and opportunities related to achieving financial objectives; work with process partners to mitigate risks and realize opportunities
Heavily contribute to P&L and Cost Avoidance savings for the team
Analyze data to identify opportunities to reduce existing cost base
Coordinate, prepare and manage RFx/competitive bids to optimize cost and service
Perform all duties in accordance with prescribed regulatory compliance guidelines
Quickly learn the State Street end to end process, and work within the guidelines to gain saving and delivery results

Benefits

our 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 our 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
vibrant employee networks