Head of Procurement

S&P Global, Inc.; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

S&P Global, Inc. is seeking a Procurement Specialist for its London office to drive value creation and optimize profitability. The successful candidate will manage procurement functions, negotiate contracts, and leverage company spending to achieve cost savings. Strong analytical and negotiation skills, alongside a relevant background in Procurement, are essential for success in this role.

Benefits

Health care coverage

Generous time off policies

Continuous learning opportunities

Financial wellness programs

Family friendly benefits

Qualifications

• Established experience in procurement.
• Strong network in Procurement sector.
• Robust financial and analytical experience.

Responsibilities

• Manage procurement function and negotiate supplier contracts.
• Develop procurement strategies to optimize costs and quality.
• Analyze spend data for improvements and implement cost-saving measures.

Skills

Negotiation

Analytical skills

Business Acumen

Education

Relevant degree or qualification in Procurement or Supply Chain

Job description

OSTTRA requires a Procurement specialist not only advise but also negotiate directly with suppliers to optimise costs. Reporting to and, working closely with, the CFO and wider Executive, this role plays a crucial role in driving value creation and optimising profitability. You will be responsible for managing the procurement function, negotiating contracts, and leveraging the company's
spending to achieve cost savings and improve performance.

The role is based in our London office with a potential for Travel as required. We are looking to hire someone who has a successful track record of delivery and a blend of operational and commercial skills. You should be comfortable working at pace and have an entrepreneurial approach with an open, flexible mindset and a desire to learn and grow.

What we would expect the successful candidate to bring:

• Established experience, with the above outlined expertise.
• A good network within sector relevant Procurement.
• Robust financial experience and analytical rigor.
• Value Creation: Procurement can significantly impact profitability, making it a critical area for Investors to focus on.
• Turnaround and Improvement: procurement as a key lever for improving financial performance.
• Capital Allocation: Procurement decisions can have a direct impact on capital allocation, impacting cash flow and overall financial health.
• Collaboration with PE Partners: The CPO works closely with Investors and OSTTRA's management team to align procurement strategies with the overall investment goals and the value creation plan.

Overview of key responsibilities:

Candidates will have a tight grasp on Procurement trends and challenges including:

• Managing complex procurement programmes.
• A range of category expertise, as well as the key attributes of the category as well as Global supply options, routes to value and other related cost topics.
• Change management.
• Influencing, engaging and advising stakeholders across the business.
• Facilitation, negotiation and supplier management.
• Data analysis (turning raw data into business insights and intelligence).
• Technological know-how including processing of category products, (e.g. metals pressing, forming, finishing etc).

Other responsibilities include:
Key Responsibilities:

• Strategic Sourcing: Developing and implementing procurement strategies to identify and negotiate with suppliers that can deliver cost savings, quality, and innovation.
• Cost Management: Analysing spend data, identifying areas for improvement, and implementing cost-optimisation measures.
• Supplier Relationship Management: Building and maintaining strong relationships with key suppliers to ensure reliable supply chains and favourable terms.
• Negotiation and Contract Management: Negotiating contracts with suppliers, ensuring compliance with legal and regulatory requirements, and managing contract renewals.
• Process Improvement: Identifying and implementing process improvements to streamline procurement operations, improve efficiency, and reduce waste.
• Reporting and Analysis: Providing regular reports to senior management and private equity partners on procurement performance, highlighting cost savings and opportunities.
• Supply chain management: In addition to normal Vendor Management, OSTTRA is required to comply with the requirements of DORA-specific TPRM, which is a more rigorous and detailed process designed to address the specific
• risks associated with outsourcing ICT functions, whereas normal vendor management is a broader framework for managing relationships with all third parties.

As head of Procurement, you will be responsible for Vendor management
as follows:

• i) DORA-Specific TPRM:
• Enhanced Due Diligence: Thorough due diligence on ICT third parties, including assessing their criticality, potential risks, and any conflicts of interest.
• Contractual Requirements: Contracts must include specific clauses related to DORA compliance, security requirements, and reporting obligations.
• Ongoing Monitoring: Continuous monitoring of third-party performance and compliance.
• Focus on ICT: DORA's TPRM requirements are specifically focused on ICT vendors and subcontractors, however for other reasons OSTTA has a wider scope.
• Risk-Based Approach: DORA requires a risk-based approach to managing third-party risks, including categorizing third parties by risk level and tailoring monitoring activities accordingly.
• ii) Other Vendor Management:
• Sourcing, Onboarding, and Performance: sourcing, onboarding, assessing, and managing vendor performance.
• Contract Review: reviewing vendor contracts and ensuring adherence to agreed-upon terms.
• Risk Assessment: risk assessments of vendors, but not necessarily with the same level of detail as DORA-specific TPRM.
• Monitoring and Reporting: monitoring vendor performance and reporting on key metrics and providing relevant KPIs and reports to management.
• General Risk Management: Normal vendor management is a component of a broader risk management framework, therefore ensuring compliance with general risk policies will be required.

Skills and Experience:

• Business Acumen: A strong understanding of the company's business, industry, and market dynamics is essential.
• Negotiation and Communication Skills: The ability to effectively negotiate contracts, build relationships with suppliers, and communicate with stakeholders is crucial.
• Analytical and Problem-Solving Skills: The ability to analyze data, identify problems, and develop solutions is essential for driving cost savings and improvements.
• Leadership and Management Skills: The ability to lead a team, manage budgets, and implement changes is crucial for success.

About OSTTRA

Candidates should note that OSTTRAis an independentfirm, jointly owned by S&P Global and CME Group. As part of the joint venture, S&P Global providesrecruitmentservices to OSTTRA - however, successful candidates will be interviewed and directly employed by OSTTRA, joiningour global team of more than 1,200 posttrade experts.

OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. OSTTRA is a joint venture, owned 50/50 by S&P Global and CME Group.

With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows -from trade capture at the point of execution, through portfolio optimization, to clearing and settlement.

Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets.

Learn more atwww.osttra.com .

We take care of you, so you cantake care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our benefits include:

Health & Wellness: Health care coverage designed for the mind and body.

Flexible Downtime: Generous time off helps keep you energized for your time on.

Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to [e-mail] . S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activityhere .

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Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please send an email to: [e-mail] and your request will be forwarded to the appropriate person.

US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision - https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf

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About the Role:

OSTTRA requires a Procurement specialist not only advise but also negotiate directly with suppliers to optimise costs. Reporting to and, working closely with, the CFO and wider Executive, this role plays a crucial role in driving value creation and optimising profitability. You will be responsible for managing the procurement function, negotiating contracts, and leveraging the company's
spending to achieve cost savings and improve performance.

The role is based in our London office with a potential for Travel as required. We are looking to hire someone who has a successful track record of delivery and a blend of operational and commercial skills. You should be comfortable working at pace and have an entrepreneurial approach with an open, flexible mindset and a desire to learn and grow.

What we would expect the successful candidate to bring:

• Established experience, with the above outlined expertise.
• A good network within sector relevant Procurement.
• Clear determination to deliver.
• Robust financial experience and analytical rigor.
• Important Context
• Value Creation: Procurement can significantly impact profitability, making it a critical area for Investors to focus on.
• Turnaround and Improvement: procurement as a key lever for improving financial performance.
• Capital Allocation: Procurement decisions can have a direct impact on capital allocation, impacting cash flow and overall financial health.
• Collaboration with PE Partners: The CPO works closely with Investors and OSTTRA's management team to align procurement strategies with the overall investment goals and the value creation plan.

Overview of key responsibilities:

Candidates will have a tight grasp on Procurement trends and challenges including:

• Managing complex procurement programmes.
• A range of category expertise, as well as the key attributes of the category as well as Global supply options, routes to value and other related cost topics.
• Change management.
• Influencing, engaging and advising stakeholders across the business.
• Facilitation, negotiation and supplier management.
• Data analysis (turning raw data into business insights and intelligence).
• Technological know-how including processing of category products, (e.g. metals pressing, forming, finishing etc).

Other responsibilities include:
Key Responsibilities:

• Strategic Sourcing: Developing and implementing procurement strategies to identify and negotiate with suppliers that can deliver cost savings, quality, and innovation.
• Cost Management: Analysing spend data, identifying areas for improvement, and implementing cost-optimisation measures.
• Supplier Relationship Management: Building and maintaining strong relationships with key suppliers to ensure reliable supply chains and favourable terms.
• Negotiation and Contract Management: Negotiating contracts with suppliers, ensuring compliance with legal and regulatory requirements, and managing contract renewals.
• Process Improvement: Identifying and implementing process improvements to streamline procurement operations, improve efficiency, and reduce waste.
• Reporting and Analysis: Providing regular reports to senior management and private equity partners on procurement performance, highlighting cost savings and opportunities.
• Supply chain management: In addition to normal Vendor Management, OSTTRA is required to comply with the requirements of DORA-specific TPRM, which is a more rigorous and detailed process designed to address the specific
• risks associated with outsourcing ICT functions, whereas normal vendor management is a broader framework for managing relationships with all third parties.

As head of Procurement, you will be responsible for Vendor management
as follows:

• i) DORA-Specific TPRM:
• Enhanced Due Diligence: Thorough due diligence on ICT third parties, including assessing their criticality, potential risks, and any conflicts of interest.
• Contractual Requirements: Contracts must include specific clauses related to DORA compliance, security requirements, and reporting obligations.
• Ongoing Monitoring: Continuous monitoring of third-party performance and compliance.
• Focus on ICT: DORA's TPRM requirements are specifically focused on ICT vendors and subcontractors, however for other reasons OSTTA has a wider scope.
• Risk-Based Approach: DORA requires a risk-based approach to managing third-party risks, including categorizing third parties by risk level and tailoring monitoring activities accordingly.
• ii) Other Vendor Management:
• Sourcing, Onboarding, and Performance: sourcing, onboarding, assessing, and managing vendor performance.
• Contract Review: reviewing vendor contracts and ensuring adherence to agreed-upon terms.
• Risk Assessment: risk assessments of vendors, but not necessarily with the same level of detail as DORA-specific TPRM.
• Monitoring and Reporting: monitoring vendor performance and reporting on key metrics and providing relevant KPIs and reports to management.
• General Risk Management: Normal vendor management is a component of a broader risk management framework, therefore ensuring compliance with general risk policies will be required.

Skills and Experience:

• Business Acumen: A strong understanding of the company's business, industry, and market dynamics is essential.
• Negotiation and Communication Skills: The ability to effectively negotiate contracts, build relationships with suppliers, and communicate with stakeholders is crucial.
• Analytical and Problem-Solving Skills: The ability to analyze data, identify problems, and develop solutions is essential for driving cost savings and improvements.
• Leadership and Management Skills: The ability to lead a team, manage budgets, and implement changes is crucial for success.

About OSTTRA

Candidates should note that OSTTRAis an independentfirm, jointly owned by S&P Global and CME Group. As part of the joint venture, S&P Global providesrecruitmentservices to OSTTRA - however, successful candidates will be interviewed and directly employed by OSTTRA, joiningour global team of more than 1,200 posttrade experts.

OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. OSTTRA is a joint venture, owned 50/50 by S&P Global and CME Group.

With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows -from trade capture at the point of execution, through portfolio optimization, to clearing and settlement.

Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets.

Learn more atwww.osttra.com .

What’s In It For You?

Benefits:

We take care of you, so you cantake care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our benefits include:

• Health & Wellness: Health care coverage designed for the mind and body.

• Flexible Downtime: Generous time off helps keep you energized for your time on.

• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Recruitment Fraud Alert:

If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to [e-mail] . S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activityhere .

-----------------------------------------------------------

Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please send an email to: [e-mail] and your request will be forwarded to the appropriate person.

US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision - https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf

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20 - Professional (EEO-2 Job Categories-United States of America), BSMGMT203 - Entry Professional (EEO Job Group)