What are the responsibilities and job description for the Corporate Planning & Management- Strategic Sourcing Team Lead -Dallas-Vice President position at Nhcchq?
Corporate Planning & Management - Strategic Sourcing Team Lead - Dallas - Vice President at Goldman SachsAbout the job
Job Description
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The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third-party risk management, and governance strategies across the firm. CPM has 5 operating pillars.
Finance & Planning supports the execution of the firm’s strategic objectives through the management of the planning process, firmwide reporting and analytics, and insights into the firm’s business plans and budgets. They develop a consistent framework for revenue division projections creating transparency, accountability, and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities. Product Finance is responsible for the overall governance and proactive management of the firm’s non-compensation expenses. Spend Management encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation, and Sustainable Operations. Operational Risk & Resilience drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses. The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses, and support corporate decision-making in line with the firm’s strategic objectives.
Role Overview
Professionals in CPM have an analytical mindset, exhibit intellectual curiosity, and come from diverse academic backgrounds. This role sits within the Spend Management pillar, within Strategic Sourcing.
The Strategic Sourcing team is responsible for driving the execution of strategic priorities, including the firm’s operational efficiency and supplier diversity targets, as it relates to the Firm’s relationships with vendors. We partner with firmwide leadership as well as various stakeholders across the firm on all Sourceable spend across categories such as Technology, Professional Services, Corporate Solutions including Real Estate, HCM, Travel, Legal, and Marketing. As a result, we are actively involved in the entirety of the vendor relationship lifecycle – from source to payment.
Within the Strategic Sourcing Team, Sourcing Operations is responsible for the operational governance of the Sourcing and Contracting process & daily execution for the firm. The primary role of Sourcing Operations is to govern the discovery, intake, preapproval and contracting process across all spend channels and then to accurately and completely digitize firm commitments to allow purchasing and enable invoice to contract compliance. The Sourcing Operations team was established 18 months ago and is now entering the next phase of its evolution. We are looking to accelerate from a strong foundation to drive greater spend under management, a clearer linkage between Sourcing Category Strategy and Operational execution, and to ensure our contract and purchasing controls and vendor risk management framework is strengthened.
Core Sourcing Operations
Job responsibilities will include, but are not limited to :
- Lead a global team responsible for the digitization of firmwide commitment and preapproval governance.
- Own the Outsourced Vendor relationship for core Sourcing Operations, managing the budget, KPIs, performance, and resource allocation of the vendor.
- Through deep partnership with our P2P Operations Team, create analysis and dashboarding linked to operational health, pending transactions, queue management, and risk management to ensure process health transparency and E2E workflow performance.
- Serve as an advisor to the business & sourcing category managers in the areas of how best to operationalize their spend commitments across the various platforms and approaches and monitor / drive compliance to spend channel utilization.
- Partner with the Product Strategy team to provide requirements, inputs, themes, and requests for the technology which underpins the Sourcing Operations process.
Tactical Sourcing Leadership
Job responsibilities will include, but are not limited to :
Qualifications
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