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Associate, Sourcing & Vendor Management

Company: Blackrock, Inc.
Location: New York
Posted on: August 7, 2022

Job Description:

DescriptionAbout this roleBusiness Unit Overview:Sourcing and Vendor Management (SVM) is part of BlackRock's Finance organization. The SVM team helps to negotiate agreements with its vendors to help achieve optimum value, identify and mitigate vendor risks and provides strategic advice to our clients. This role sits within the SVM team in Budapest. The role however is very much part of a global team based in New York, Gurgaon, Frankfurt, London and Budapest.Background:SVM seeks an Enterprise Services/Technology sourcing/procurement professional to support the deal life-cycle for -some or all of the following subcategories: Cloud/Hosted Software, Design and Construction, Health and Safety, Physical Security, Critical Engineering, Facilities Management, Business Services, Travel, and Corp Aviation, and other procurement related initiatives on behalf of the firm.Principal duties include:

  • Development of strategic sourcing opportunities through competitive bidding, trial agreements, demand management, supplier consolidation, and process reengineering
  • Partnering with Enteprise Services Leads, Vendor Risk, and Legal teams around the world in the negotiation of: Facilities Services Agreements, Master Service Agreements (MSAs), Schedules, Statements of Work (SOWs), Service Level Agreements (SLAs) etc.
  • Ownership of the full strategic sourcing cycle, including vendor identification and selection, price negotiation, and contract "red-lining" (i.e. drafting and editing).
  • Market research and benchmarking of suppliers and related service categories
  • Management of a global pipeline of contractsExperience required:
    • At least 5 years of strategic sourcing experience at a consulting firm, technology organization, or financial services firm.
    • Depth in negotiating global contracts with Enterprise Services and Technology Vendors
    • A passion for the Enterprise Services and Technology sector, including a comprehensive understanding of Enterprise Services and Technology market drivers, trends, dynamics and opportunities
    • Depth in negotiating across various design and construction build outs, software licensing metrics, consulting engagements and pricing structures.
    • Relevant experience in drafting and redlining contracts.
    • Sufficient financial modelling skills so as to build multiple negotiation scenarios, total cost of ownership models, consumption models, and demand forecasts etc.
    • Experience directly drafting and running RFIs, RFQs, and RFPs including vendor selection and vendor risk due diligence
    • Experience with software vendor audits or vendor disputes/escalation management.
    • Strong MS Office skills; particularly Word and Excel. Working experience with Coupa, Tableau, Microsoft Power BI, SharePoint or Pay-to-Procure platforms desired, but not required.Personal Attributes:
      • Self-confident and decisive
      • Excellent attention to detail
      • Ability to recognize and resolve problems.
      • Customer oriented.
      • Able to influence others through direct discussion or in written format.
      • Ability to meet tight time schedules.
      • Willingness to handle repetitious assignments.
      • Flexibility in approach to working hours to meet business needs.Education Requirements:
        • Bachelor's Degree, with preferences for Computer Science, Engineering, Entrepreneurship, Supply Chain Management, Management Information Systems, Data Science, Business Analytics, Economics, Innovation Management, Technology Management, Operations Research, Legal Studies, or Paralegal Studies.
        • Advanced degrees in Business, IT (CS, MIS, etc), Law, or Mathematics or related areas are also preferred. - -
        • Strong English writing, reading, and oral communication skills are required.Our benefitsTo help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.About BlackRockAt BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. -Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.For additional information on BlackRock, please visit - - -- Instagram: - - Twitter: -- LinkedIn: -BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. - We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

Keywords: Blackrock, Inc., New York , Associate, Sourcing & Vendor Management, Executive , New York, New York

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