Manager, Global Sourcing & Procurement recruitment
Role Summary
Working manager with a small team (1-3 direct reports) with broad responsibilities across multiple high spend categories such as market data, telecom, legal, professional services, and software. Category focus will be based on Global Sourcing and Procurement’s (“GSP”) strategy and priority. This position’s responsibility in 2012 will be to set up the new Data Service Desk; the Desk’s responsibility will be to manage Russell’s global market data category centrally.
This position’s externally-facing focus is to conduct strategic sourcing events to reduce costs and identify the optimal supply base for Russell, manage suppliers to reduce costs and drive efficiencies, work with vendors to identify substitute products/services, and manage demand to reduce consumption.
This position’s internally-facing focus is to develop and manage robust services for internal clients across multiple categories. Best-in-class services are defined as proactive and timely responses to requests, documented process playbooks with clear roles and responsibilities, and tighter control of and visibility into Russell’s global inventory of market data contracts, and a global policy to drive consistent approvals and appropriate usage, and a cross-functional governance model to alignment of data purchases with business strategies.
The responsibilities of the individual in this position include:
Relationship Management:
• Partner with senior leadership in business units and other key stakeholders to manage third party relationships (suppliers)
• Drive the development market data category and supplier strategies and initiatives to demonstrate ownership of category and drive savings and operational efficiencies
• Increase Procurement influence on third party spend across all business units in particular major spend area other than market data
• Provide thought leadership and guidance to business units in the area of Strategic sourcing, procurement services and supplier management in the market data category
• Develop and drive cross-functional governance model(s) to conduct stakeholder review and approval of market data purchases
• Report out to business units on activity, trends, areas of opportunity, and compliance to relevant policies
Strategic Sourcing:
• Lead strategic sourcing efforts in support of business unit operations in areas such as market data and other categories as assigned
• Lead strategic sourcing efforts to identify proactive sourcing opportunities to reduce costs and increase services or manage risk.
• Conduct research and benchmarking; provide key subject matter expertise on assigned categories
• Develop operational business cases to proactively drive/develop cost savings initiatives and efficiency gains
Functional/Influence Management:
• Manage direct and indirect reports, including mentoring junior team members
• Ensure direct reports execute successfully administration of market data category, including management of an inventory system, requisition process, and cross-functional approval process for any new purchases
• Manage a centralized market data budget and cost allocation system
• Work collaboratively with key stakeholders to ensure supplier management program compliance.
• Lead and or participate in supplier management committees, such as: the Supplier Relationship Center of Excellence, Supplier Alliance Savings Initiative, and the Supplier Management Working Group.
• Lead cost management effort by partnering with key business executives
Supplier Management:
• Act as or manage direct reports who will act as the enterprise-wide supplier relationship manager; develop and train business stakeholders on roles and responsibilities in supplier relationship management
• Develop and manage a holistic supplier governance program with the support of business unit stakeholders
• Monitor supplier scorecards and drive resolution of performance issues with key suppliers
• Ensure timely reporting of supplier Key Performance Indicators (“KPI’s”) in summary form to business unit leadership.
• Partner with key suppliers to identify and implement continuous improvement opportunities.
The successful candidate will have extensive demonstrable skills and experiences including the following:
• Bachelor’s degree required in Business, Finance, Legal, Process Engineering, Supply Chain Management; Master’s degree preferred.
• CPM, CPSM or equivalent preferred.
• 7+ years thorough knowledge of strategic sourcing and category management techniques and methodologies holistically (balancing cost, risk and performance).
• 5+ years of experience of both direct and indirect management
• Ability to develop influencing relationship with varying levels of management and individual contributors from various business units.
• Experienced in negotiating contracts valued in excess of $3M for assigned categories of spend. Clear understanding of contractual terms and conditions.
• Experienced in the development and implementation of supplier management practices and/or processes on an enterprise basis, including SLAs, KPIs, and governance models
• Ability to clearly and effectively communicate with all levels of management
• Deep subject matter expertise for assigned Spend Categories.
• Proficient negotiation and financial modeling skills.
• Ability to root cause problem/issues and provide solutions/options support with fact base/data driven analysis.
• Able to balance and prioritize multiple high priority projects.
• Able to influence and lead others within the department, business units, and various support units.
Russell Overview
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries.
Through a unique combination of interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. Headquartered in Seattle, Washington, USA and with offices in major financial centers worldwide, Russell has $155 billion in assets under management (as of March 31, 2012) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection.
Russell offers a comprehensive range of implementation services that help institutional clients maximize their assets. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.
We offer a competitive compensation and benefit package including: medical, vision and dental coverage, profit sharing retirement plan, sabbatical leave, and tuition assistance. Most importantly, Russell offers a work environment where respect for the individual and teamwork are part of our fundamental values. Russell supports workforce diversity and we are an Equal Opportunity Employer.