Sr. Software & Market Data Category Manager – Financial Services

Sr. Software & Market Data Category Manager – Financial Services

Requirements

• Knowledge of strategic sourcing and procurement processes, policies, governance, and compliance mechanisms.
• Knowledge of category(s) to be managed.
• Knowledge of supplier relationship management/vendor management inclusive of forming strategic partnerships and managing to requirements for regulatory compliance.
• Knowledge of supplier diversity program and practices.
• Knowledge of outsourcing and off shoring in order to define and execute a strategic program to leverage these resources.
• Knowledge of change management.
• Knowledge of organizational working structure, policies, mission, and strategies.
• Knowledge of project management methodology (waterfall and agile).
• Knowledge of financial markets, their required products and services, and corresponding regulations.
• Knowledge of performance management.
• Skill in building strategies, managing category, and implementing procurement best practices, including supplier selection via RFI/RFQ/RFP, negotiations, contracting, and supplier evaluation, management, and development.
• Skill in providing leadership, directions, and influence for internal and external stakeholders leveraging strategies of Purchase Demand Management, Supply Base Management, and Total Cost Management.
• Skill in thinking critically and structuring analysis to solve poorly defined problems.
• Ability to communicate with all levels of leadership.
• Ability to negotiate enterprise-wide or Business Unit agreements that accommodate current and future business objectives, financial/accounting principles, and industry leading practices.
• Ability to establish personal credibility.
• Ability to interpret and apply policies and procedures.
• Ability to establish departmental and/or category(s) objectives.
• Ability to identify trends and implement appropriate corrective action.

Responsibilities

• Identify, develop, and manage strategic business relationships and gain a comprehensive understanding of business requirements, by working closely with stakeholders and team members to develop strategies/plans and during execution.
• Manage governance and control programs with respect to select categories to ensure business supply continuity, protect company assets, and comply with corporate and regulatory policies and contractual compliance.
• Maintain appropriate technical and industry knowledge for their category(s) under management.
• Lead cross functional teams through gathering requirement, category strategy development, strategic sourcing, and supplier negotiation, contracting and onboarding processes.
• Participate in joint meetings with internal business clients to assist in procurement forecasting, demand management, requirements development and identification of possible purchasing channels and sources.
• Assist internal business clients with developing and reviewing statements of work, service level agreements, contractual terms, and conditions (inclusive of usage, pricing, delivery, acceptance, payment, warranty, etc.)
• Lead the development, implementation, and alignment of sourcing strategies and supplier network capabilities for specific commodities, services and initiatives that complement and support key business objectives.
• Lead, either individually or with team members, sourcing initiatives from pre-RFP through post purchase/implementation supplier performance reviews.
• Understand and apply advanced or innovation-based sourcing strategies including those that require alternate business structures, new technology and/or process changes.
• Build and maintain profiles/overview of key current and potential suppliers in support of Vendor Management.
• Negotiate contractual business requirements and Service Level Agreements (SLAs).
• Participate in periodic performance reviews with management of key suppliers and business stakeholders across the firm based on an understanding of the Total Cost of Ownership over the lifecycle of both products and services.
• Provide market research and overview for third-party supplier/vendor relationships for managed category(s).
• Track performance to operating plans, budgets, and forecasts.
• Leverage benchmarking firms as applicable.
• Responsible for decisions regarding selection, retention, evaluation, and development of the key and diverse suppliers used to provide the goods and services needed by the firm.
• Develop and present recommendations/memorandums of approval of suppliers and/or purchases to executive management.
• Assist in training and mentoring of staff members.
• Perform other duties and responsibilities as assigned.

Preferred Qualifications

• Bachelor’s: Business Administration
• General Experience – 6 to 10 years