Senior Vice President, IT Sourcing and Procurement at BNY

Lake Mary, Florida, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Jan, 26

Salary

0.0

Posted On

24 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic Sourcing, Negotiation, Procurement, Contract Management, Spend Analysis, Market Research, Financial Modeling, Supplier Consolidation, Risk Management, Process Reengineering, Vendor Management, Business Case Development, Influence Skills, Commercial Negotiations, RFP Issuance, Team Leadership

Industry

Financial Services

Description

Senior Vice President, PS-IT Sourcing At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Senior Sourcing Manager to join our Global Sourcing team. This role is located in Pittsburgh, PA and follows a hybrid work arrangement with 4 days in office. In this role, you'll make an impact in the following ways: Development of strategic sourcing opportunities through the introduction of a competitive bidding, proofs-of-concept, demand management, supplier consolidation, and process reengineering Partner with Information Technology/Business Leads, Vendor Risk and Legal teams in the negotiation of: Professional Services Agreements (PSAs), Statements of Work (SOWs), Work Orders, Amendments, POs, Terminations, NDAs, etc. Acts as the sourcing US Team Lead and the direct point of contact for negotiations with contracting parties for the Professional Services Information Technology (PS-IT) services category. Has a deep understanding of commercial and other complex contractual terms and issues with negotiating PS-IT Statements of Works. Perform deep dive spend analysis to identify, assess and implement cost savings opportunities including issuance of RFPs and competitive events, supplier consolidation, commercial negotiations (volume discounts/ price reductions). Independently reviews and analyze contract asks, effectively communicates requirements and determines solutions and actions in response to contract asks. Coordinates and acts as a global interface and US Team Lead to support and manage escalations within the PS-IT Category. Market research and benchmarking of suppliers and related service categories. Set up regular meetings with key partners to review and prioritize deal pipeline and identify engagement opportunities early. To be successful in this role, we're seeking the following: Bachelor's degree or equivalent combination of education and work experience required. Business or Supply Chain degree preferred. Advanced degree preferred. 10 - 12 years of total work experience preferred, with a deep understanding of procurement, RFx methodologies, and end to end sourcing processes and practices for negotiating PS-IT Contracts/SOWs. Ability to solicit and analyze multiple proposals, create corresponding business cases (including financial reports), and present clear recommendations. Effectively uses personal influence skills rather than authority to persuade others and gain support from senior leaders within global organizations. Financial modeling skills to build multiple negotiation scenarios, total cost of ownership models, consumption models, etc. Demonstrated experience large and complex PS-IT Statements of Works. No direct reports; provides guidance to more junior staff. At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here's a few of our recent awards: America's Most Innovative Companies, Fortune, 2025 World's Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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Responsibilities

The Senior Vice President, IT Sourcing and Procurement will develop strategic sourcing opportunities and partner with various teams to negotiate contracts. This role also involves performing spend analysis to identify cost-saving opportunities and managing escalations within the PS-IT category.