Sr Analyst, Strategic Sourcing and Procurement

LPL Financial•Charlotte, NC

About The Position

The Strategic Sourcing and Procurement (SS&P) team, located at LPL Financial’s Carolinas campus in Fort Mill, South Carolina, manages the end-to-end sourcing and procurement lifecycle. Its mission is to promote sustainable and ethical practices, select external partners that deliver service, quality, and value while mitigating risk, guide business partners through the vendor management program, and improve requisition, contract, and third-party access processes. The Sr. Sourcing Analyst executes sourcing and procurement activities for products and services across LPL. The role works with internal stakeholders to manage sourcing engagements for assigned categories, from strategy development and vendor selection through due diligence, contract negotiations, budget management, risk mitigation, and regulatory compliance. The analyst builds relationships with business leaders, uses spend and contract analysis to develop category plans, and helps transform SS&P into a strategic partner across the firm.

Requirements

At least 5–7 years of experience in a sourcing or vendor management role at a mid- to large-sized company.
Experience developing and executing sourcing strategies.
Ability to build and foster strong relationships.
Collaboration skills and the ability to engage and influence people at all organizational levels.
Experience managing multiple projects and prioritizing individual and team workloads according to business needs and deadlines.
Negotiation skills, with demonstrated ability to reach win-win outcomes.
Demonstrated ability to work in a fast-paced organization focused on continuous improvement, customer service, and teamwork.
Creative problem-solving skills and experience facilitating discussions about change management and differing ideas, opinions, insights, and expertise.
Unimpeachable ethical standards and a strong work ethic.

Nice To Haves

Sourcing experience in IT consulting, professional services, or managed services.
Financial services experience.
Proficiency negotiating MSAs, SaaS agreements, EULAs, and SOWs.
Experience using ARIBA or other Procure-to-Pay tools.
Knowledge of sourcing best practices and industry contract types, structures, pricing, terms and conditions, warranties, and service level agreements.

Responsibilities

Execute sourcing and procurement processes for products and services across LPL.
Manage the full sourcing process for assigned categories, including strategy, vendor selection and due diligence, contract negotiations, cost-to-budget management, risk mitigation, and regulatory compliance.
Negotiate contracts valued above $500,000, including MSAs, SaaS agreements, EULAs, and SOWs.
Work with leadership teams to develop actionable strategic sourcing plans.
Understand operational needs and anticipate new sourcing opportunities.
Manage medium- to high-spend strategic sourcing engagements across all phases of the sourcing lifecycle.
Build strong relationships with senior leaders and serve as the sourcing subject matter expert and trusted advisor for assigned categories.
Identify opportunities to improve cost, service, quality, and operational efficiency.
Diplomatically challenge assumptions and decisions to support the organization’s best interests.
Work with Compliance, Legal, and Risk teams to mitigate vendor risk across the firm.
Provide leadership and guidance to the broader SS&P team.
Foster a positive, diverse, and inclusive culture through education and communication.
Lead and support projects that continuously improve SS&P’s capabilities.