Procurement Sourcing & Contracting Manager

Vanguard Group; Malvern (Chester County); Hybrid; USD 110,000 - 170,000; Full time

Job summary

Vanguard is seeking a Procurement Sourcing & Contracting Manager to lead a team in managing third-party procurement and sourcing operations. The role drives operational efficiency and guides strategic sourcing to align with Vanguard’s mission and goals.

The position requires five+ years in procurement, a bachelor's degree, and a track record of strong people leadership. It features a hybrid work model and collaboration with senior stakeholders to deliver best client experiences.

Qualifications

• Minimum of five years related work experience, with at least three years procurement experience.
• Undergraduate degree or equivalent; Accounting or Finance degree preferred.
• Deep understanding of procurement sourcing and contracting processes.
• Proven track record as a strong people leader.

Responsibilities

• Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
• Oversees and manages all sourcing engagements with third party vendors up to $2 million dollars in spend to ensure consistent procurement of products and services at the best execution at the best price.
• Reviews and prioritizes all sourcing events, including RFx events up to $2 million, and determines appropriate sourcing path.
• Defines, communicates and implements a framework that supports effective and efficient execution of procurement policies/procedures and manages operational efficiency of department.
• Supports departmental process and technology initiatives. Partners with Category Managers to understand priorities and strategies. Trains to support these findings.
• Maintains an in-depth understanding of internal and industry knowledge by keeping current on industry and regulatory events.
• Maintains strong relationships with key senior stakeholders to ensure the best client experience.
• Participates in special projects and performs other duties as assigned.

Skills

Procurement leadership

Sourcing & contracting

Vendor management

Stakeholder management

Team supervision

Education

Bachelor's degree in Business/Finance

Tools

ERP systems

Vendor management software

Job description

Vanguard is hiring a Procurement Sourcing & Contracting Manager to lead a team in managing third-party procurement and sourcing operations. This role plays a critical part in driving operational efficiency, guiding strategic sourcing efforts, and ensuring strong vendor partnerships that align with Vanguard’s mission and business goals.

Responsibilities

• Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
• Oversees and manages all sourcing engagements with third party vendors up to $2 million dollars in spend to ensure consistent procurement of products and services at the best execution at the best price.
• Reviews and prioritizes all sourcing events, including RFx events up to $2 million, and determines appropriate sourcing path.
• Defines, communicates and implements a framework that supports effective and efficient execution of procurement policies/procedures and manages operational efficiency of department.
• Supports departmental process and technology initiatives. Partners with Category Managers to understand priorities and strategies. Trains to support these findings.
• Maintains an in-depth understanding of internal and industry knowledge by keeping current on industry and regulatory events.
• Maintains strong relationships with key senior stakeholders to ensure the best client experience.
• Participates in special projects and performs other duties as assigned.

Qualifications

• Minimum of five years related work experience, with at least three years procurement experience. Supervisory experience preferred.
• Undergraduate degree or equivalent combination of training and experience. Accounting or Finance degree preferred.
• Deep understanding of procurement sourcing and contracting processes
• Consistent track record as a strong and effective people leader
• Comfortable navigating and leading tough conversations with senior leadership

Special Factors

Sponsorship

Vanguard is not offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don’t just have a mission-we’re on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients’ lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.