Sr. Category Manager, Procurement

T. Rowe Price • Owings Mills, MD

2d • $122,000 - $261,000 • Remote

About The Position

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity. Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary
Responsible for strategic sourcing, category management, and contract oversight across T. Rowe Price's Infrastructure category. Manages a complex portfolio of infrastructure spend, including data center services, cloud infrastructure, network and telecommunications services, hardware, end-user computing, storage, compute, managed services, and related technology operations suppliers (approximately $150 million spend). Partners with business stakeholders to develop category strategies that optimize cost, mitigate risk, enhance supplier performance, and support enterprise technology objectives.

Requirements

• Bachelor's degree or the equivalent combination of education and relevant experience AND 8+ years of total relevant work experience

Nice To Haves

• Demonstrated experience managing Infrastructure sourcing categories, including cloud services, data center services, networking, telecommunications, servers, storage, managed services, and end-user computing.
• 8+ years of strategic sourcing, procurement, or category management supporting enterprise technology organizations.
• Experience within a large enterprise financial services, regulated industry, or highly complex technology environment is strongly preferred.
• Proven success leading complex supplier negotiations and contract renewals with major technology providers such as cloud, infrastructure, telecom, hardware, and managed service vendors.
• Strong understanding of infrastructure technology environments and commercial models, including cloud consumption, managed services, maintenance/support agreements, software licensing, and hardware procurement.
• Experience developing and executing category strategies that deliver measurable savings, cost optimization, supplier performance improvements, and risk mitigation outcomes.
• Ability to partner effectively with technical stakeholders such as Infrastructure Engineering, Network Services, Cloud Operations, Information Security, and Enterprise Architecture teams.

Responsibilities

• Develops and executes category strategies for Infrastructure-related spend, aligning sourcing initiatives with business priorities, technology roadmaps, and future-state operating models.
• Owns supplier spend management across infrastructure categories including cloud, data center, network, telecommunications, hardware, storage, compute, managed services, and workplace technology solutions.
• Leads complex sourcing events, supplier negotiations, contract renewals, benchmarking activities, and competitive bid processes to drive value and manage risk.
• Partners with Infrastructure, Architecture, Engineering, Security, Operations, Finance, Legal, and Risk stakeholders to identify sourcing opportunities and support strategic technology initiatives.
• Conducts market analysis and maintains deep knowledge of infrastructure technology trends, supplier landscapes, pricing models, licensing structures, and emerging industry practices.
• Negotiates and manages complex commercial agreements, including Master Services Agreements, Statements of Work, cloud agreements, maintenance agreements, support contracts, and managed services engagements.
• Identifies and delivers cost optimization, vendor consolidation, process improvement, and value creation opportunities across the infrastructure supplier portfolio.
• Ensures supplier compliance with internal governance, information security, regulatory, operational, and third-party risk management requirements.
• Provides category expertise, guidance, and strategic recommendations to leadership and business partners regarding infrastructure investments and supplier strategies.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior