Assistant Vice President - Procurement & Sourcing
IT Infrastructure strategic Procurement, Support IT Category with a focus on IT Software. The role will focus on managing our strategic vendor partnerships with offshore providers that are governed under the IT program. The candidate will work closely with, Legal, Audit, Risk, IT Finance, and individual Project Managers to ensure that relationships with our global vendor partners are well managed and do not expose State Street to undue risk. Candidate should have strength in understanding IT services and be comfortable with internal relationship management, contract negotiations, and RFX events.
o Provide support, guidance and direction to IT Vendors and State Street Project Managers for IT Vendor governance program and processes, inclusive of RFx and SOW Reviews and execution.
o Ability to partner with IT department as well as IT-specific suppliers and develop sourcing strategies and negotiations aligning them with future Managed Services corporate strategy.
o Knowledge of IT trends and new/emerging technologies to help develop multi-year category strategy and plan including industry trends, market dynamics, and key save opportunities across supply, demand, and process.
o Develop TCO models and decipher complex pricing to deliver comprehensive financial analyses
o Performs all duties in accordance with prescribed regulatory compliance guidelines.
o Provide monthly financial reporting and analysis on key Procurement metrics
o Deep expertise in IT sourcing, including experience staffing, development and other strategic IT solutions
o Deep expertise in IT Outsourcing including offshoring, nearshoring and other labor arbitrage strategies
o 13+ years IT category management experience, with a successful track record completing complex RFxs, cost saving initiatives, and contract negotiations.
o Ability to identify solutions for complex business problems with appropriate technology
o Understanding of product and contract lifecycles specific to technology solutions
o Excellent strategic thinking and problem solving skills
o Proven self-starter who can work independently and with teams, effectively juggle multiple priorities, and has a strong track record of delivering outstanding results
o Excellent written and verbal communication skills
o Proven negotiation skills with a track record of completing complex deals with measurable saves and value
o Personal resilience to work within an extremely fast-paced, ambiguous environment