Senior Manager, Strategic Sourcing

Fidelity Investments; North Carolina; On-site; USD 120,000 - 160,000; Full time

Job summary

Fidelity Investments is seeking a Senior Manager, Strategic Sourcing to lead procurement projects of medium to high complexity in support of a single business group. You will partner with business leaders to shape vendor strategies, negotiate terms, and drive cost-saving initiatives while ensuring risk controls across supplier contracts.

The role requires strong cross-functional leadership, experience in procurement, and the ability to influence at all levels, from frontline staff to the

Qualifications

• BS/BA in business administration or 5-8 years of equivalent experience in Procurement
• Background in sourcing, contracting, or related experience in vendor or product management
• Experience evaluating, negotiating and contracting with suppliers
• Ability to lead/ influence cross-functional teams through procurement projects
• Ability to assess risk and translate requirements to viable business solutions
• Experience with business analytics, developing and presenting business cases and recommendations to decision-makers
• Experience working with leaders at all levels, from the front lines to the C-Suite
• Must be able to communicate effectively and professionally, verbally and in writing, to all levels of the organization
• Flexibility to changing needs and process requirements
• Commitment to drive data stewardship to ensure data integrity
• Excellent time management skills with an ability to multi-task
• Extremely strong process orientation and demonstrated continuous improvement skills
• Supplier relationship skills; continuously, but constructively, demanding of supplier performance
• Passion for improving quality and reducing costs – passion for driving optimum business outcomes
• Capable of performing financial, technical and performance evaluations of suppliers
• Excellent organizational skills
• Consistent track record of teamwork
• Excellent communication and people skills

Responsibilities

• Strategize with key business and technology leaders to develop vendor and product strategies
• Marshal the sourcing effort, including commercial and contract terms for each project
• Align and coordinate with colleagues from risk-based groups to ensure risk mitigation of supplier contracts
• Seek to achieve outstanding pricing with suppliers

Skills

Vendor management

Negotiation

Cross-functional leadership

Contracting

Risk assessment

Financial analysis

Communication skills

Time management

Process improvement

Supplier relationship

Quality and cost improvement

Education

BS/BA in business administration

5–8 years procurement experience

Job description

Job Description:

Title - Senior Manager, Strategic Sourcing

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

The senior manager role on Fidelity Procurement’s strategic sourcing team leads Procurement projects of medium to high level complexity, typically in support of a single business group. This role will work with business partners to improve Fidelity’s position to broker for the right products, at the right price and contractual terms. Individuals should possess experience working across many business segments, including technology, marketing, financial services, and consulting services. They should exhibit strong communications skills as they partner with Fidelity leaders across our business units to achieve stronger scale and efficiency for Fidelity.

• Strategize with key business and technology leaders to develop vendor and product strategies
• Marshal the sourcing effort, including commercial and contract terms for each project
• Align and coordinate with colleagues from risk-based groups to ensure risk mitigation of supplier contracts
• Seek to achieve outstanding pricing with suppliers
• Consistent education and enforcement of procurement and risk policies

The Expertise and Skills you Bring

• BS/BA in business administration or 5-8 years of equivalent experience in Procurement
• Background in sourcing, contracting, or related experience in vendor or product management
• Experience evaluating, negotiating and contracting with suppliers
• Ability to lead/ influence cross-functional teams through procurement projects
• Ability to assess risk and translate requirements to viable business solutions
• Experience with business analytics, developing and presenting business cases and recommendations to decision-makers
• Experience working with leaders at all levels, from the front lines to the C-Suite
• Must be able to communicate effectively and professionally, verbally and in writing, to all levels of the organization
• Flexibility to changing needs and process requirements
• Commitment to drive data stewardship to ensure data integrity
• Excellent time management skills with an ability to multi-task
• Extremely strong process orientation and demonstrated continuous improvement skills
• Supplier relationship skills; continuously, but constructively, demanding of supplier performance
• Passion for improving quality and reducing costs – passion for driving optimum business outcomes
• Capable of performing financial, technical and performance evaluations of suppliers
• Excellent organizational skills
• Consistent track record of teamwork
• Excellent communication and people skills

The Value You Deliver

• Strategize with key business and technology leaders to develop vendor and product strategies
• Marshal the sourcing effort, including commercial and contract terms for each project
• Align and coordinate with colleagues from risk-based groups to ensure risk mitigation of supplier contracts
• Seek to achieve outstanding pricing with suppliers

The Team

Fidelity procurement helps Fidelity business partners make smart purchasing decisions that reduce risk and maximize value for the firm. Your impact will be realized as you assist our business partners in engaging Procurement to secure products and/or services through new vendor or existing vendor relationships. Your impact will be proven through the savings you are able to return to the firm.

Note:If you are a FINRA registered internal employee who is considering moving to a non-licensed role, you may want to proactively have a conversation with the hiring manager to understand the potential impact to your registrations before a final hiring decision is made.

Salary Grade:

6

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications:

Category:

Procurement

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.