At a Glance
- Tasks: Lead sourcing activities for HR, travel, and marketing while collaborating with diverse teams.
- Company: Join Morgan Stanley, a global leader in financial services since 1935.
- Benefits: Enjoy a hybrid work environment, competitive pay, and comprehensive employee perks.
- Other info: Diverse and inclusive workplace with opportunities for career growth.
- Why this job: Make a real impact by optimizing sourcing strategies and enhancing client experiences.
- Qualifications: 6+ years in indirect sourcing and strong negotiation skills required.
The predicted salary is between 76500 - 93500 $ per year.
We're seeking someone to join our team as a Firmwide Sourcing Lead to be responsible for managing Indirect sourcing activities. Commodities include HR Benefits, Travel, Professional Services, and Marketing.
In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Vice President level position within Sourcing / Procurement, which is responsible for procurement (e.g., purchasing and supply chain activities), as well as vendor management (e.g., business requirements gathering, sourcing strategy, competitive and market assessments, negotiation, contracting, and relationships associated with outsourced services).
What you'll do in the role:
- Facilitate new supplier engagements and service/product renewals with a focus on the assigned category and strategic suppliers.
- Serve as a trusted advisor to business stakeholders and work collaboratively with technology colleagues.
- Develop sound sourcing and commodity strategies that drive business value and mitigate risk.
- Maximize commercial impact through use of competitive bids and benchmarking/advisory.
- Analyze supplier proposals and negotiate best in class contract terms and value proposition.
- Work cross-functionally with Finance, Legal and Compliance to draft and execute contracts.
- Complete documentation and system requirements as required to enable the Source to Pay process.
What you'll bring to the role:
- Experience in Category Management and running complex RFPs.
- Able to demonstrate subject matter expertise in at least one or more commodity areas:
- Experience in Professional Services Commodity, including drafting complex Statements of Work, or;
- Experience in the execution of large and complex Benefits Agreements, Learning and Development Commodity, and/or Marketing and Business Development Sourcing, or;
- Experience in the execution of large and complex travel agreements, with demonstrated thought leadership in designated categories.
- Commercial negotiation and influencing skills to drive savings and deliver value to stakeholders.
- Experience in contract interpretation, analysis and drafting across Master and Sub-Agreements.
- Strong Sourcing skills and the ability to execute across all elements of the Source to Manage lifecycle.
- Have experience using procurement tools such as Ariba or Coupa.
- At least 6 years of relevant experience in Indirect sourcing positions and a Bachelor's degree.
All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office. Knowledge of French and English is required.
Firmwide Sourcing Lead – Hybrid in Montréal employer: PowerToFly
Thomson Reuters is an exceptional employer that fosters a culture of innovation and collaboration, particularly for the Principal Software Engineer / Architect role in AI. With a flexible hybrid work model, comprehensive benefits, and a strong commitment to employee growth through continuous learning opportunities, we empower our team to tackle complex challenges while maintaining a healthy work-life balance. Our award-winning reputation for inclusion and social impact further enhances the rewarding experience of working with us, making it a meaningful place to contribute to the pursuit of justice and transparency.