What are the responsibilities and job description for the Senior Vice President, Sourcing and Procurement position at BNY External Career Site?
Senior Vice President, Sourcing and Procurement~
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of SVP to join our ESO Data & Analytics team. This role is located in Lake Mary, Florida, and is a hybrid position.
In this role, you’ll make an impact in the following ways:
- Leads and negotiates contracts of varying complexities for PS-IT services, such as MSAs, SOWs, Terminations, NDAs, Order Forms, etc...
- Acts as the US regional sourcing team lead for PS-IT services category.
- Coordinates and acts as a Global interface to support and manage escalations within the PS-IT Category.
- Has a deep understanding of supplier commercials, and other complex contractual terms and issues.
- Contributes to the achievement of business area objectives including annual savings targets.
- Represent the PS-IT Sourcing team in stakeholder and business partner meetings
- Prepares and run complex vendor and related category/market analyses, pricing assessments, and total-cost modelling.
- Create and Manage RFx’s of varying sizes.
- Knowledge of S2P and other procurement related processes.
- Partner with Legal department to negotiate procurement contracts based upon end-user requirements.
- Be the ‘Trusted Partner’ for our internal clients
- Communicating status to key business partners and stakeholders
- Ability to review and prioritize deals within our pipeline.
To be successful in this role, we’re seeking the following:
- Must have 12 years in depth Sourcing knowledge and experience in in Professional Services IT (PS-IT) spend category and/or Management Consulting (PS-MC) spend category.
- Demonstrated work experience in managing complex projects and end to end execution.
- Must have strong experience in managing contract life cycle management (CLM) processes from Initial RFX planning, through negotiation, contract drafting, negotiations and execution.
- Strong analytical and problem-solving skills
- Ability to assess complex contractual issues.
- Knowledge of relevant legal and regulatory framework related to contracts in the financial services industry.
- Must have knowledge on Third-Party Risk Management (TPRM) issues and be able to identify and mitigate potential risks associated with thirty-party contracts
- Must have good knowledge about resourcing engagement models and tools for VMS and MSP set up.
- Excellent communication and negotiation skills, with ability to influence and persuade stakeholders.
- Collaborate effectively with team members across various departments within and external to the Enterprise Sourcing Office (ESO).
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
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.
