CPS Sourcing Director, Non-IT

DTCC; Jersey City (NJ); Hybrid; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Strategic Sourcing Director to drive innovative sourcing strategies and enhance supplier partnerships. In this pivotal role, you will collaborate with various departments to ensure compliance and optimize procurement processes. Your expertise in strategic sourcing and negotiation will be crucial in delivering value and mitigating risks. Join a dynamic team that values professional development and fosters a culture of continuous improvement. This position offers a flexible hybrid work model and competitive compensation, making it an exciting opportunity for seasoned professionals looking to make a significant impact in the financial services sector.

Benefits

Comprehensive health and life insurance

Pension / Retirement benefits

Paid Time Off

Flexible/hybrid work model

Qualifications

• 10+ years of experience in strategic sourcing and supplier management.
• Proven success in developing RFXs and negotiating contracts.

Responsibilities

• Develop and manage relationships with key vendors for continuous value delivery.
• Lead sourcing projects and negotiate favorable terms with suppliers.

Skills

Strategic Sourcing

Supplier Management

Negotiation Skills

Excel Analytics

Communication Skills

Education

Bachelor's Degree

Tools

PowerPoint

Job description

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role:

The Strategic Sourcing Director is responsible for supporting the development and execution of the company's overall Sourcing strategy. This role will drive the sourcing process at DTCC for all non-IT spend and partners closely with leadership to continuously drive value for the organization. The Sourcing Lead will collaborate across the organization with Finance, Legal, Third-Party Risk, HR, Procurement Ops, and various partners to identify and deliver on strategic sourcing value and risk mitigation opportunities.

Your Primary Responsibilities:

• Partner with customers to create a sourcing strategy that aligns with the needs of the business while meeting financial and operational control objectives
• Develop and manage relationships with key vendors, fostering strategic partnerships that enable continuous value-delivery.
• Ensure compliance with policy, process, and systems for all category spend.
• Oversee the full lifecycle of strategic sourcing (including RFx), contracting, and downstream procurement workflow.
• Pro-actively manage renewals to drive savings and mitigate business disruptions.
• Promote the sourcing and procurement function to ensure business owners understand Sourcing’s value proposition and how to effectively partner with the Sourcing team.
• Lead value driven QBRs for key vendors.
• Leverage spend and contract data to identify savings and efficiency opportunities
• Leverage experience to enhance the impact of sourcing levers including spend analysis, RFx tools and templates, contract management, and preferred supplier programs.
• Develop, report on, and analyze important metrics and drive a culture of process improvement across the sourcing categories.
• Lead sourcing projects by identifying clear objectives that consider financial, risk, and operational benefits for DTCC.
• Collaborate with customers and other key partners to ensure the Sourcing model continually meets the changing needs of the organization
• Continuously develop subject matter expertise via benchmarking/research, industry/peer collaboration, training, and client feedback.
• Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals
• Lead, mentor, and develop less experienced members of the sourcing team.
• Mitigate risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

• Minimum of 10 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Deep experience with business category management, sourcing opportunity assessment, strategic sourcing, and supplier management.
• Proven success developing RFXs and negotiating professional services contracts
• Extensive knowledge of enterprise vendors as well as emerging technology providers
• Outstanding communication skills, including the ability to simplify complex sourcing and contractual concepts into terms that can be understood by business, legal, finance, and risk partners.
• Expert level Excel analytics, reporting, and PowerPoint skills

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.