Strategic Sourcing Manager

AIG Insurance • Atlanta, GA

4d • Onsite

About The Position

We are looking for an experienced Strategic Sourcing Manager for Market Data, focused on developing and implementing strategies for acquiring financial market data and ensuring optimal cost efficiency, data quality, and vendor management. The ideal candidate will have a proven record in strategic sourcing within the financial services sector with exceptional negotiation skills, a strong understanding of market data dynamics, and the ability to collaborate effectively with various stakeholders to meet strategic goals.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, Supply Chain Management, or a related field is required.
• 7+ years of progressive experience in strategic sourcing, category management, or procurement, with a focus in the Market Data category within financial services or insurance and/or IT sourcing.
• Deep understanding of the financial market data landscape, including different data types (real-time, historical, reference data), delivery mechanisms, licensing models, and key providers.
• Strong understanding of financial market operations and how market data supports various business functions.
• Excellent negotiation skills with a demonstrated track record of successfully negotiating complex market data contracts and licenses.
• Excellent communication, presentation, and interpersonal skills to effectively engage with and influence senior business stakeholders, legal, compliance teams, and external market data providers.
• Strong proficiency in managing contract lifecycles, ensuring compliance, and mitigating associated risks.
• Strong understanding of relevant financial regulations and data privacy regulations impacting market data procurement and usage
• Proficiency in market data inventory and usage management systems and procurement software (e.g., SAP Ariba).

Nice To Haves

• An MBA or advanced degree is strongly preferred, particularly with a focus on quantitative analysis, financial markets, or technology management.

Responsibilities

• Develop, implement, and manage comprehensive category strategies for financial market data, including subscriptions, real-time feeds, historical data, analytical platforms, and related services, to drive optimal cost, quality, and service levels across the enterprise.
• Perform in-depth market analyses, identifying trends in financial data services, emerging data providers and technologies, opportunities for cost optimization, and potential supply chain risks.
• Partner with cross-functional teams and key stakeholders to define market data requirements, ensure alignment with overall business objectives and regulatory mandates, and optimize data utilization.
• Lead and execute complex negotiations for market data contracts and licenses with providers, optimizing terms, pricing models, and ensuring strict compliance with company policies, licensing agreements, and industry regulations.
• Identify, develop, and implement continuous improvement initiatives for market data sourcing processes, enhancing efficiency, transparency, and achieving measurable cost savings and cost avoidance.
• Develop strong and collaborative relationships with critical market data suppliers and internal stakeholders.
• Develop, implement, and report on key performance indicators (KPIs) and service level agreements (SLAs) specific to market data; Track progress towards strategic goals, drive accountability for supplier performance, and maintain a strong governance framework for market data acquisition and usage.

Benefits

• At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees