Procurement & Sourcing, VP

As the VP in IT Sourcing at State Street's Global Procurement Team, you will play a crucial role in the preparation, analysis, negotiation, and finalization of the end-to-end Procurement process for a diverse range of engagements. You will be supporting the global, regional, and local category sourcing strategies in collaboration with global IT vendors.

- Perform direct negotiations and manage sometimes large and complex agreements - Solution requests and issues in a timely manner, and engage in daily problem-solving - Identify saving opportunities through stakeholder engagement and data analysis - Negotiate pricing utilizing the five levers that incentivize a supplier - Identify risks and opportunities related to achieving financial objectives, collaborate with process partners to mitigate risks and realize opportunities - Contribute significantly to P&L and Cost Avoidance savings for the team - Analyze data to discover opportunities to reduce the existing cost base - Coordinate, prepare, and manage RFx/competitive bids to optimize cost and service - Utilize a white glove approach in stakeholder management to offer advice and guidance within the IT Globalization category - Ensure all duties are performed in accordance with prescribed regulatory compliance guidelines - Quickly grasp the State Street end-to-end process and operate within the guidelines to achieve savings and delivery results - Develop strategies to positively impact and optimize category spend

- Demonstrated excellent career development and readiness to progress to the next level - Minimum of 10 years of strategic sourcing experience in IT-related spend, with referenceable knowledge in professional services - Strong understanding of all aspects of global IT vendors - Proven track record of delivering P&L saving projects - Strong commercial skills with the ability to deliver cost-effective outcomes - Exceptional negotiation skills with cross-functional influence abilities - Understanding of best-in-class procurement, risk, Information Security, and payable processes - Self-starter with the capability to work independently and within a team while managing multiple priorities effectively - Strategic thinker and problem solver with meticulous attention to detail - Personal resilience to thrive in a fast-paced, ambiguous environment - Strong written and verbal communication skills - Ability to diplomatically manage challenging stakeholders - Good presentation skills and keen eye for detail are essential Company Details: State Street is a leading custodian bank, asset manager, and asset intelligence company globally, making a significant impact on the financial services industry. With a history dating back over two centuries, the organization assists clients in safeguarding and stewarding investments for millions of people. State Street offers investment servicing, data & analytics, investment research & trading, and investment management services to institutional clients. At State Street, a positive work environment is prioritized with competitive and comprehensive benefits packages that may include generous medical care, insurance, savings plans, and more. The company supports flexible Work Programs to align with individual needs and provides various development programs and educational support to help employees reach their full potential. Inclusion, Diversity, and Social Responsibility are core values at State Street, fostering an inclusive environment where every employee can thrive and contribute to organizational and client value. The company actively engages with communities worldwide and offers tools to balance professional and personal life, paid volunteer days, matching gift programs, and employee networks for staying connected to personal interests. State Street is an equal opportunity and affirmative action employer committed to creating a diverse and inclusive workplace where all employees are valued and empowered to reach their full potential. To explore more opportunities at State Street, visit StateStreet.com/careers.

As the VP in IT Sourcing at State Street's Global Procurement Team, you will play a crucial role in the preparation, analysis, negotiation, and finalization of the end-to-end Procurement process for a diverse range of engagements. You will be supporting the global, regional, and local category sourcing strategies in collaboration with global IT vendors.

- Perform direct negotiations and manage sometimes large and complex agreements - Solution requests and issues in a timely manner, and engage in daily problem-solving - Identify saving opportunities through stakeholder engagement and data analysis - Negotiate pricing utilizing the five levers that incentivize a supplier - Identify risks and opportunities related to achieving financial objectives, collaborate with process partners to mitigate risks and realize oppo