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4 Oct 2021

Temporary Strategic Sourcing Analyst I (21-30152) Johnston, Rhode Island, United States

Job Description

Strategic Sourcing Analyst I – Contractor
Duration: 6-month contract with the potential to extend
Work Hours: Monday – Friday, 40 hours/week
Location: Johnston, RI


We are currently in the process of delivering a transformed sourcing experience to the business. In this role as a Sourcing professional , you will be armed with key spend data, forward looking market intelligence and a fully integrated source to pay process enabling you to be a strong strategic partner with business line executives. This will help you drive shorter cycle times, increased market intelligence, higher level strategic discussions and increased savings opportunities.

The Sourcing Commodity Lead will report to the Sourcing Team Manager in Strategic Sourcing within Procurement. The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships.

The Sourcing Commodity Lead will exhibit strong business acumen with a proven track record for success within transformational sourcing environments. Primary focus is to align with the business lines in a way that generates positive impact to them achieving their business goals, while optimizing value to the overall organization. For this role, it will require additional focus on our footprint for market data services making sure we have the products and services that are fitting the needs of our businesses.

Responsibilities will include:

  • Developing and executing against comprehensive commodity and sourcing strategies for strategic/complex negotiations. Maintain expertise in the market data industry as well as broader industry knowledge in order to formulate strategic recommendations and to participate in projects and new initiatives that have a market data component as needed.
  • Liaise with the business and technology teams to inform our user community about contractual obligations, data usage rights and restrictions and other contractual requirements that allow us to operate within contractual norms. • Creating and developing strong working relationships with key internal and external partners up to Executive levels to play a role in strategic projects that support the commodity. Work with internal business units to address market data product mix making sure our services are fit for purpose, cost are managed appropriately.
  • Utilizing analytical thinking and tools to identify new benefits generation; prioritizing projects to ensure demonstrated impact to the business.
  • Manage the relationship with market data providers as their primary global sourcing contact. Act as the main point of contact between the business units and the vendors for contract renewals to identify potential actions based on new costs, features, or requirements.
  • Collaborate with the Legal, Finance and Business Management functions to address all contractual, commercial and relationship issues as they arise. • Proactively manage product licenses, market data inventories, provisioning and permissioning activities and vendor audits.

Experience and Skills:

  • 2-4 or more years of relevant experience in sourcing and contract negotiation, preferable in highly regulated industry (Financial Services preferred), preferably in market data services and research.
  • Experience leading complex sourcing engagements using best practice 7-step sourcing process (or equivalent) with advanced negotiation skills.
  • Proven success with building and progressing stakeholder relationships at senior levels of the organization
  • Strong consulting, project management and analytics skills with proven success in root cause analysis
  • Knowledge of Ariba, Oracle, and advanced skills in Excel and PowerPoint

Education and Certifications:

  • Bachelor’s degree in relevant field is required, MBA preferred
  • Legal background preferred

How to Apply

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Job Types: Temporary.

Job expires in 24 days.

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