Category Lead and Senior Sourcing Manager

Invesco; New York (NY); Hybrid; USD 195,000 - 213,000; Full time

Benefits offered by this job

Flexible paid time off

Hybrid work schedule

401(K) matching

Health & wellbeing benefits

Parental Leave benefits

Employee stock purchase plan

Job summary

Invesco is seeking a Category Lead and Senior Sourcing Manager in New York to lead sourcing strategies for Investment Services and Platforms. This role is pivotal in driving efficiency and cost savings through collaboration with cross-functional teams and suppliers.

The ideal candidate will have significant experience in procurement and category management, with a bachelor's degree required. The position also offers a hybrid work schedule and competitive benefits including flexible paid time off.

Qualifications

• Minimum 5 years experience in procurement, strategic sourcing, and category management.
• Strong knowledge of procurement best practices and market trends.
• Professional certifications such as CPSM or CPM are a plus.

Responsibilities

• Develop and implement sourcing and category strategies.
• Collaborate with internal stakeholders to align requirements.
• Drive supplier relationship management initiatives.
• Monitor and evaluate supplier performance.
• Conduct market research to identify trends and opportunities.

Skills

Procurement best practices

Supplier relationship management

Negotiation skills

Project management

Education

Bachelor's degree in Business Administration or related field

Master's degree

Tools

Procurement software

Job description

About Invesco

As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

What’s in it for you?

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

Job Description

About the Role

As the Category Lead and Senior Sourcing Manager for Investment Services and Platforms, you will be responsible for leading and managing the global sourcing and category strategies to achieve optimal cost savings, quality, and efficiency in this category. Invesco’s Investment Services & Platforms category includes outsourcing administrative services, transfer agency, custodians, trading, real estate and the technology systems and third-party data to support these areas across the investment enterprise. You will collaborate with cross-functional teams, suppliers, and stakeholders to drive continuous improvement and deliver exceptional results.

Responsibilities of the Role

• Develop and implement sourcing and category strategies aligned with Invesco’s strategy and objectives
• Collaborate with internal stakeholders across Functions and Business Lines to understand their requirements and develop category strategies aligned to requirements, growth and cost profile.
• Drive supplier relationship management initiatives, fostering strong partnerships and continuous improvement for key supplier relationships in the category
• Monitor and evaluate supplier performance, implementing corrective actions when necessary to ensure compliance with quality, delivery, and service level agreements.
• Drive the key, material sourcing events in the category (RFx, Renewals, sole source negotiations) along with contract negotiations.
• Conduct market research and analysis to identify trends, opportunities, and risks in the sourcing and category landscape (i.e. Porter’s Five Forces, Gartner, Hackett, etc)

Requirements of the Role

• Bachelor's degree in Business Administration, Supply Chain Management, Computer Science or a related field. Master's degree desirable.
• Minimum 5 years experience in procurement, strategic sourcing, and category management, and technology preferably in financial services. Will consider 10 years relevant business experience in the Investment Services category area.
• Strong knowledge of procurement best practices, market trends, and supplier management.
• Excellent negotiation, contract management, and supplier relationship management skills.
• Strong project management skills, with the ability to prioritize and manage multiple projects simultaneously with proficiency in procurement software and tools.
• Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are a plus.

The salary range for this position in New York is $195,000 - $213,000 base/year. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.