IT & Software Procurement & Sourcing Manager, VP

State Street; Clifton (NJ); On-site; USD 110,000 - 181,000; Full time

Benefits offered by this job

401K with company match

Medical, dental, vision insurance

Paid time off including vacation and S

Employee assistance program

Incentive compensation

Job summary

State Street seeks a VP of Software Sourcing in the United States to own end-to-end procurement for software and cloud engagements. Based in the John Adams Building in Quincy/Boston, the role leads negotiations, data-driven savings, and vendor management across global IT vendors.

You will work with Legal and IT Security to finalize Master License and Cloud agreements, while building relationships with key stakeholders and delivering strategic cost savings in a fast-paced environment.

Qualifications

• 10+ years of strategic IT sourcing experience with cloud software knowledge.
• Broad understanding of global IT vendors.
• Proven track record of delivering P&L savings.

Responsibilities

• Perform direct negotiations and manage large and complex agreements.
• Identify and deliver savings through stakeholder engagement and data analysis.
• Draft and negotiate Master License and Cloud agreements with Legal support.
• Negotiate IT security schedules with IT Security and Legal SMEs.
• Build stakeholder relationships across Boston locations with a senior-level touch.
• Develop vendor relationships with key infrastructure and security vendors.
• Identify risks and opportunities to achieve financial objectives; mitigate risks.
• Contribute to P&L and cost avoidance for the team.
• Analyze data to identify opportunities to reduce cost base.
• Coordinate RFx/competitive bids to optimize cost and service.
• Ensure compliance with regulatory guidelines.
• Learn State Street end-to-end processes to gain savings and delivery results.

Skills

Negotiation

Data analysis

Vendor management

IT procurement

Cloud software

IT security collaboration

Job description

Who We Are Looking For

The VP of Software Sourcing is an important role within State Street’s Global Procurement Team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for software and cloud engagements. This sourcing manager will support/be a part of the global, regional and local category sourcing strategies working with our global IT vendors.

The VP of Software Sourcing is an important role within State Street’s Global Procurement Team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for software and cloud engagements. This sourcing manager will support/be a part of the global, regional and local category sourcing strategies working with our global IT vendors.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need people like you to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What You Will Be Responsible For

Based in State Street’s John Adams Building in Quincy, Boston, this Sourcing Manager / Category SME – Software and Cloud you will

• Perform direct negotiations and manage large and complex agreements


• Find and deliver saving opportunities via stakeholder engagement and data analysis


• Draft and negotiation Master License and Cloud agreements with support from Legal


• Negotiate IT security schedules with support from IT Security and Legal SMEs


• Develop stakeholder relationships on a face to face basis across our Boston locations using a white glove approach as needed with senior stakeholders(Quincy)


• Develop vendor relationship with key Infrastructure, Cyber Security and other critical vendors where stakeholders are based in the Quincy office.


• Identify risks and opportunities related to achieving financial objectives; work with process partners to mitigate risks and realize opportunities


• Heavily contribute to P&L and Cost Avoidance savings for the team


• Analyze data to identify opportunities to reduce existing cost base


• Coordinate, prepare and manage RFx/competitive bids to optimize cost and service


• Perform all duties in accordance with prescribed regulatory compliance guidelines


• Quickly learn the State Street end to end process, and work within the guidelines to gain saving and delivery results

What We Value

These skills will help you succeed in this role

• A number of years (10+) strategic sourcing experience in IT related spend is a must with referenceable knowledge in cloud software


• A strong understanding of all facets of global IT vendors


• Proven track record of delivering P&L saving projects


• Should have strong commercial skills and be able to deliver cost effective outcomes


• Top level negotiation skills with ability to influence cross-functionally


• Understanding of best in class procurement, risk, Information Security and payable processes


• Proven self-starter who can work independently and within a team while effectively juggling multiple priorities


• Strong strategic thinker and problem solver with attention to detail


• Personal resilience to work within an extremely fast-paced, ambiguous environment


• Established written and verbal communication skills


• Ability to manage challenging stakeholders diplomatically


• Good presentation skills and a keen eye for detail a must

Salary Range

$110,000 - $181,250 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes:

• our retirement savings plan (401K) with company match


• insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages


• paid-time off including vacation, sick leave, short term disability, and family care responsibilities


• access to our Employee Assistance Program


• incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)


• and, eligibility for certain tax advantaged savings plans

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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Job ID: R-794999