Senior Buyer - Technology

at  LSEG Romania

ABOUT US:

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.
Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

• Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope
• analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied.
• Handle the pipeline for the assigned Category of spend; Review pipeline and liaise with the Category Lead and relevant Category Managers
• Engage with business on renewals to ensure it is required and sized appropriately. Collaborate with technology, Legal, Finance and Security as appropriate with support from the Category Director and other Category Managers
• Ensure Business raise PO’s. Support to ensure that purchase requests meet required standards, approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers
• Support Category Leads or Category Managers with SRM activities.
• Support sourcing activities across the wider team as required depending on workload
• Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and opportunities
• Stay ahead of market and industry developments and make recommendations on alternate sources of supply where applicable.
• Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)
• Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies
• Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Director
• Monitor contract performance and able to identify when corrective action needed
• Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought
• Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement
• Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvement