Strategic Sourcing & Category Analyst

The Depository Trust & Clearing Corporation (DTCC); Jersey City (NJ); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Health and life insurance

Pension/retirement benefits

Paid time off and leave benefits

Hybrid onsite 3 days / remote 2 days

Job summary

The Depository Trust & Clearing Corporation (DTCC) in Jersey City, NJ seeks an Analyst, IT Strategic Sourcing to support the company’s IT procurement strategy. You will work cross-functionally to run RFx processes, negotiate contracts, and manage supplier relationships to drive value and savings across the IT portfolio.

You will collaborate with business stakeholders, lead sourcing projects, and ensure alignments with organizational goals while developing expertise through benchmarking and

Qualifications

• Minimum of 3 years of professional experience in sourcing and procurement in a global organization.
• Experience developing RFx and negotiating IT contracts (HW, software, telecom/networking, cloud, IT services).
• Knowledge of enterprise IT vendors and emerging technology providers.
• Bachelor's degree is required.

Responsibilities

• Support the Sourcing team’s partnership with business stakeholders to deliver on the organizational sourcing strategy.
• Manage relationships with suppliers to enable value-delivery.
• Participate in full lifecycle of strategic sourcing (RFx), contracting and procure-to-pay workflow.
• Proactively manage renewals to drive savings and prevent disruptions.
• Participate in value-driven QBRs for key IT vendors.
• Evaluate spend and contract data to identify savings opportunities.
• Lead sourcing projects with objective, financial, risk, and operational benefits for DTCC.
• Develop subject matter expertise via benchmarking, research, training, and feedback.
• Negotiate with suppliers for favorable terms while aligning with DTCC goals.
• Review requests and gather requirements from business clients.
• Facilitate vendor selection with stakeholders and onboard suppliers.

Skills

Sourcing & procurement experience

Relationship management

Organizational skills

Client service focus

Education

Bachelor's degree

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

This role is responsible for supporting the execution of the company’s overall strategic sourcing strategy across all the IT portfolio. This role will support the development and execution of RFPs/RFQs, contract negotiations, and related sourcing activities for procurement requests across the company.

Job Description

The Analyst, IT Strategic Sourcing will have cross-functional responsibilities including the following:

• Support the Sourcing team’s partnership with the business stakeholders to deliver on the organizational sourcing strategy to meet DTCC’s financial and operational control objectives.
• Support the management of relationships with suppliers to foster strategic partnerships that enable continuous value-delivery.
• Participate in the full lifecycle of the strategic sourcing (including RFx), contracting, and downstream procurement workflow.
• Support the pro-actively manage renewals to drive savings and mitigate business disruptions.
• Participate in value driven QBRs for key IT vendors.
• Evaluate spend and contract data to identify savings and efficiency opportunities.
• Lead sourcing projects by identifying clear objectives that consider financial, risk, and operational benefits for DTCC.
• 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.
• Review requests via centralized intake tool and gather requirements from business clients.
• Review supplier proposals and facilitate process for final vendor selection with appropriate stakeholders
• Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals
• Initiate supplier onboarding process and coordinate with suppliers to facilitate onboarding process; manage any required troubleshooting
• Coordinate with customers to provide general visibility to current request status and expected timeline
• Work closely with corresponding sourcing leadership to ensure comprehensive understanding of category strategy, requirements and targets

Qualifications

• Minimum of 3 years of professional experience in sourcing and procurement at a global organization, preferably in financial services.
• Experience developing RFXs and negotiating HW, software, telecom/networking, private cloud, public cloud, and IT professional services contracts.
• Knowledge of enterprise IT vendors as well as emerging technology providers.
• Strong organizational competency with the ability to independently manage competing priorities.
• Comfortable with organization change and transformation.
• Client service focused.
• Bachelor's degree required

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.