Procurement & Sourcing, AVP

at  State Street

The Procurement Sourcing Team responds to requests from business users company-wide in order to acquire products and services. The team is responsible for leading deal negotiation and contract review, analysis and negotiation which also includes working collaboratively cross-functionally within State Street and with vendors on a regular basis. The end result of a Sourcing engagement is a contract that accurately reflects the negotiated deal and business requirements along with other language protecting State Street’s interests.
The role of Assistant Vice President (AVP) in the Professional Services Sourcing team is an important role within State Street’s Global Procurement team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for Professional Services related contracts. This role will coordinate with stakeholders (legal, data security, business unit, vendor, etc.) to lead negotiations and achieve favorable and compliant contract terms and pricing in an expedited timeframe to mitigate risk.

Skill Requirements:

• Proven experience in the review, negotiation and drafting of professional services, consulting contracts
• A high level of understanding of the language and structure of professional services, consulting contracts
• Demonstrated sourcing and negotiation experience with major professional services and consulting suppliers
• A strong understanding of pricing models, metrics, etc. with the ability to suggest sourcing and contracting alternatives
• Demonstrated ability to manage and follow-through on multiple projects simultaneously
• Ability to manage challenging stakeholders diplomatically.
• Exceptional communication skills and relationship management capabilities.
• Team player with the ability to build long term relationships.
• Strong analytical and problem-solving skills with customer focus.
• Ability to make decisions and execute with support of stakeholders.
• Strong attention to detailExcellent command of the English language and Microsoft Office tools

Qualifications/Education:

• 5 - 8 years of experience in a related Professional Services / Consulting procurement position, with global exposure, is required
• Bachelor’s or Master’s Degree in Business or related field preferred

We offer

• Employee savings plan;
• Premium life insurance package;
• Gold medical package;
• International operating environment;
• Language classes;
• Soft skills trainings;
• Technical workshops;
• Development sessions with a mentor;
• Diversity of opportunities across a range of challenging and highly complex activities;
• Technical or leadership career pathway

Are you the right candidate? Yes
We honestly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we do not necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit .
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers

Please refer the Job description for details