Senior Manager, Technology Sourcing

at  Thomson Reuters

Thomson Reuters is seeking a Senior Manager, Technology Sourcing. Global Procurement manages and optimizes the third party spend of Thomson Reuters. Our mission is to partner with our stakeholders to acquire the right goods and services at best value and within an acceptable risk perimeter to drive our corporate objectives. We integrate and manage a highly complex network of products, services, processes, technologies and suppliers across all Thomson Reuters locations worldwide.
Reporting to the Senior Director IT Sourcing, the Senior Manager, Technology Sourcing will take a leadership role informing sourcing strategy and leading sourcing engagements in categories focused on Infrastructure (Cloud, AI/Large Language Models, Network, Telecom, Hardware, and Storage) and related managed services, as well as technology innovation. This individual will assist business leaders in managing their respective P&L’s with regards to spending, planning, and development of supplier relationships critical to their respective lines of business.
Note: This is a Hybrid role (*mix of working from home and in the Toronto office at least 2 days per week).

ABOUT THE ROLE

In this opportunity as Senior Manager, Technology Sourcing, you will:

• Develop Category Plans and Sourcing Strategies containing a portfolio of key initiatives which deliver the IT Strategy
• Contribute to the development of the annual pipeline of IT sourcing initiatives, integrating with the financial planning process
• Instill Global Procurement Methodology, as well as proper use of Procurement Policy across the organization
• Deliver IT sourcing initiatives, achieving best value within acceptable risk
• Draft, redline and negotiate supplier contracts within Thomson Reuters’s contracting standards and business objectives
• Rationalize the number of IT suppliers and reduce fragmentation in the spend base in order to simplify the supplier landscape and drive commercial efficiency
• Provide support and coaching to junior members of the larger Procurement organization
• Collaborate with Procurement Legal, Risk Oversight Functions, Technology and Business stakeholders
• Represent Procurement in governance forums with strategic IT suppliers, and build and enhance relationships with strategic IT suppliers along with the vendor and service delivery management teams to deliver high levels of service whilst maintaining best-in-class commercial terms and conditions

Key Deliverables:

• Category Plans and Sourcing Strategies developed and approved by all relevant stakeholders
• High-quality collateral, Sourcing project artifacts, and negotiated supplier agreements developed and approved in accordance with the Global Procurement Methodology at each stage of the sourcing lifecycle to facilitate informed decision-making amongst the stakeholder community
• Significantly reduced third party risks with mitigation strategies for each IT sourcing initiative
• Significant and sustainable annual reduction in Thomson Reuters cost-base, demonstrated using a robust savings methodology which is consistently applied and rigorously approved

You’re a fit for the role of Senior Manager, Technology Sourcing if you:

• Have at least 5-10+ years of experience in IT Sourcing including successful development and negotiation of IT agreements in excess of $20M value
• Proven track record of delivering significant and sustainable cost reductions through effective implementation of a coherent IT sourcing strategy
• Deep understanding of contract terms and contractual language; proven skills and experience in drafting and redlining contracts
• Good external and internal relationship management and cross-functional leadership skills
• Experienced sourcing practitioner, understanding of best-practice sourcing methodology and a demonstrated track record of working ethically to achieve excellent outcomes
• Experience of leading negotiations with major global infrastructure suppliers (e.g., AWS, Microsoft Azure, Google Cloud Platform, AI Large Language Models (Anthropic, OpenAI/Chat GPT, Gemini), Tech Mahindra, BT Group, Cisco, Dell, HP, NetApp, etc.)
• Knowledge of the sourcing marketplace and trends in the industry, as well as regulatory climate, including the ability to assess the impact of change in the context of the sourcing strategy
• Expert analytics and ability to develop coherent and high-quality sourcing collateral including business cases, contract summaries, presentations, and RFx materials
• Experience in building strong relationships with senior IT and business executives
• Bachelor’s degree, Procurement certification or equivalent experience. Experience in Technology-related fields is an asset