Sr Analyst, Strategic Sourcing and Procurement

LPL Financial•Fort Mill, SC

2d•$73,748 - $122,879

About The Position

The Strategic Sourcing and Procurement (SS&P) team, based at LPL Financial’s Carolinas campus in Fort Mill, South Carolina, manages the end-to-end sourcing and procurement lifecycle. The team supports sustainable and ethical partner selection, vendor risk mitigation, the Vendor Management Program, and operational excellence across requisitions, contracts, and third-party access controls. It partners with business units to understand their needs, analyze spend and contracts, and develop category plans and strategic sourcing plans. The Sr. Sourcing Analyst executes sourcing and procurement processes for products and services across LPL. The role works with internal stakeholders and leadership to manage assigned sourcing categories throughout the sourcing lifecycle, including strategy, vendor selection and due diligence, contract negotiation, budget management, risk mitigation, and regulatory compliance. It also helps lead change management and the transformation of SS&P into a strategic partner across the firm.

Requirements

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

Nice To Haves

IT Consulting, Professional Services, or Managed Services sourcing experience.
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 working knowledge of industry contract types, structures, pricing, terms and conditions, warranties, and service level agreements.

Responsibilities

Manage the full sourcing process for assigned categories, including vendor selection, due diligence, contract negotiations, cost-to-budget management, risk mitigation, and regulatory compliance.
Negotiate contracts exceeding $500,000 with key vendors, 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 and deliver medium- to high-spend strategic sourcing engagements across all phases of the sourcing lifecycle.
Build relationships and serve as the sourcing subject-matter expert and trusted advisor to senior leaders in assigned categories.
Identify opportunities to improve cost, service, quality, and operational efficiency.
Challenge assumptions, opinions, and decisions diplomatically to support the organization’s best interests.
Work with Compliance, Legal, and Risk functions 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.