Strategic Sourcing Analyst, Specialist

The Vanguard Group•Scottsdale, PA

2d•Hybrid

About The Position

Enterprise Supply Management (ESM) is Vanguard’s partner for all supplier needs and is responsible for delivering a seamless purchasing experience from start to finish and to deliver scalable value across Vanguard. Within ESM, the Banking and Investments Category Management team serves as a strategic partner throughout the end-to-end sourcing process for all engagements. The Category Management teams are responsible for creating multi-year sourcing strategies and conducting competitive bids. They oversee the process from supplier selection to contract negotiation and execution, ensure alignment to business goals, reduce costs and improve product and service quality, and ultimately deliver more value for Vanguard and our shareholders. Our crew are our greatest resource – by joining our team you will build collaborative long-term relationships and enjoy a suite of benefits that includes comprehensive health and wellness care, work-life balance, and an investment in your future at its core.

Requirements

Five years related work experience.
Undergraduate degree or equivalent combination of training and experience.

Nice To Haves

Graduate degree preferred.
Experience with procurement and/or financial services investment data and technology suppliers is a plus.

Responsibilities

Serves as a subject matter expert in managing high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services. Manages relationships for suppliers within category. Executes category strategy to drive maximum value.
Performs supply market data analysis and recommends suppliers and vendors to the business. Identifies and is knowledgeable of industry trends and category strategies to recommend linkages to business needs. Coaches team members on supply and market analysis.
Drives engagements, resolves escalated and complex issues and involves stakeholders as needed. Interfaces with other sourcing operations teams, business leaders and legal & risk partners for each transaction.
Interprets and communicates contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business leaders. Performs regular performance monitoring and reviews of key suppliers.
Champions sourcing process compliance. Educates key stakeholders about commercial, legal, policy and other considerations in support of the negation process.
Ensures supplier and contract data is submitted or entered into the management systems and databases.
Participates in special projects and performs other duties as assigned.