At a Glance
- Tasks: Lead strategic sourcing initiatives and manage supplier relationships in Market Data, Trading, and Legal Services.
- Company: Join Société Générale, a global leader in banking with a focus on innovation.
- Benefits: Enjoy competitive salary, health benefits, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and drive significant cost-saving initiatives.
- Why this job: Make an impact by optimizing costs and enhancing supplier performance in a dynamic environment.
- Qualifications: Experience in sourcing, supplier management, and strong negotiation skills required.
The predicted salary is between 72000 - 88000 $ per year.
Responsibilities
Strategic Sourcing within Société Générale ("SG") Americas Sourcing Department supports the overall goals of the Global Sourcing Department in Paris ("ACHA/DIR") to optimize and control SG's cost structure while mitigating commercial, operational, and legal risks. This role is responsible for sourcing and supplier management activities across the Market Data, Trading Services, and Legal Services categories for the Americas region. The position partners closely with Front Office, Research, Legal, Compliance, Operations, Technology, and Finance stakeholders to execute sourcing initiatives, negotiate commercial agreements, manage supplier relationships, and identify opportunities to generate value through cost savings, process improvements, supplier optimization, and risk mitigation.
Strategic Sourcing
- Lead sourcing initiatives across Market Data, Trading Services, and Legal Services categories.
- Manage competitive sourcing events, including RFIs, RFPs, and RFQs.
- Conduct spend analysis, supplier market research, benchmarking, and commercial evaluations.
- Develop sourcing strategies aligned with business objectives and category priorities.
- Lead commercial and contractual negotiations, including drafting and negotiating both legal and commercial terms and conditions in agreements such as MSAs, Order Forms, License Agreements, Data Agreements, Engagement Letters, NDAs, and Statements of Work.
- Lead complex, high-value sourcing initiatives and enterprise-level negotiations.
- Deliver against defined savings, cost avoidance, and efficiency targets.
- Identify opportunities for supplier consolidation, demand management, and process improvements.
Market Data Category
- Manage sourcing activities for: Market data providers, Pricing and reference data services, Real-time and delayed data feeds, Market data terminals and desktop solutions, Exchange data licensing, Research and analytics subscriptions, Financial information platforms, Index and benchmark providers.
- Key responsibilities include negotiating market data licensing agreements and subscription renewals, managing exchange fee structures and vendor licensing requirements, conducting usage reviews and entitlement optimization exercises, benchmarking pricing and commercial terms across providers, and supporting business stakeholders in evaluating new market data products and services.
Trading Services Category
- Manage sourcing activities for: Electronic trading platforms, Execution management systems (EMS), Order management systems (OMS), Trading connectivity and network services, Exchange and venue connectivity, Trading infrastructure services, Market access solutions, Post-trade and trade support services.
- Key responsibilities include supporting sourcing initiatives related to trading technology and market connectivity, negotiating commercial agreements with trading service providers, collaborating with Front Office, Electronic Trading, Infrastructure, and Operations teams, evaluating supplier performance and service-level commitments, and assessing opportunities for cost optimization and service enhancements.
Legal Services Category
- Manage sourcing activities for: External law firms, Regulatory and compliance advisory services, Litigation support services, Legal managed services, E-discovery services, Intellectual property services, Contract management services.
- Key responsibilities include negotiating rate cards, fee arrangements, and engagement terms with law firms and legal service providers, managing alternative fee arrangements (AFAs) and fixed-fee engagements, supporting legal panel reviews and law firm selection processes, conducting benchmarking and spend analysis across legal service providers, and driving outside counsel cost optimization initiatives.
Stakeholder Management
- Partner with business stakeholders to understand sourcing requirements and business objectives.
- Collaborate with Legal, Compliance, Finance, Risk, Technology, Operations, and Third-Party Risk Management teams.
- Prepare sourcing recommendations, negotiation strategies, and executive presentations.
- Act as a trusted advisor to stakeholders on supplier selection, commercial models, and market trends.
Contract Management & Legal Knowledge
- Strong understanding of commercial contracting principles and contract lifecycle management.
- Ability to identify and assess legal, commercial, operational risks.
Sourcing Manager – Category Lead of Market Data, Trading Services & Legal Services in Montréal employer: Societe Generale SA
At Societe Generale, we pride ourselves on being an exceptional employer in Montreal, offering a dynamic hybrid work environment that fosters collaboration and innovation. Our commitment to diversity and inclusion ensures that every employee feels valued and empowered, while our focus on professional growth provides ample opportunities for career advancement within the financial sector. Join us to be part of a culture that prioritizes ethical practices, teamwork, and a strong sense of community.
