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Mid-Level Strategic Sourcing Partner

The Depository Trust & Clearing Corporation (DTCC) has an outstanding opportunity for a Mid Level-Strategic Sourcing Partner, based in Jersey City, NJ.

Position Summary

Serve as Mid-Level Strategic Sourcing Partner to business units or functions to deliver strategic sourcing projects that realize maximum long-term value. Develop, plan, and execute disciplined sourcing strategy of moderate complexity to aid business units or functions to achieve business objectives while managing expenses within a designated category.  Develop and maintain relationships within the business and with suppliers to influence, support, and offer guidance by providing solutions for moderately complex or technical sourcing needs.

Principal Responsibilities

Develop, plan and execute moderately complex sourcing strategies by partnering with the business unit to define desired outcomes, conduct internal and industry analysis,  identify cost reduction opportunities, explore alternatives, and assess impact of alternatives.
Define and execute the optimal sourcing solution by leveraging business unit requirements, funding, suppliers and industry knowledge of moderate complexity.
Consult with stakeholders to create best contractual outcome for moderately complex sourcing solutions including optimal negotiations, strong legal and business terms, and meaningful KPI's and SLA's.  Execute contracts against governance guidelines (approvals). Develop draft, negotiate, finalize and advise on moderately complex contract documents.
Develop supplier relationships to drive effectiveness and value against moderately complex planned strategies by facilitating supplier reviews and generating continuous improvement ideas.  Facilitate the resolution of contractual discrepancies as they occur. 
Analyze and interpret category metrics and identify opportunities to ensure category performance  Manage compliance to contractual terms.
Direct the development and implementation of moderately complex policies, procedures, and objectives for the sourcing of goods and services for a business unit.  
Create annual sourcing plans. 
Facilitate and coordinate all activities associated with the execution of the established sourcing process including but not limited to the preparation and delivery for each project summary/business case in accordance to the purchasing approval policy to all levels of the organization. 

Experience

Six to eight years of business experience in all aspects of  sourcing processes including relationship management, contract negotiation and project management; or equivalent professional experience in other closely related fields/industries.

Highly specialized knowledge of principles, practices, and procedures of supply chain management or other related industry. In-depth knowledge of the legal environment to analyze impact of major/complex initiatives on the company. In-depth understanding of the Enterprise structure and business objectives. Must be knowledgeable in financial controls, insurance business concepts, systems and data processing concepts, and financial planning/analysis.

About DTCC

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2014, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$64 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. 

To learn more, please visit www.dtcc.com or follow us on Twitter @The_DTCC.

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