Director, Sourcing Manager
1 week ago
Director, Sourcing Manager - Real Estate/Facility Management + Corporate Services (REFM+CS) Category Sourcing Owner and Professional Services (IT & Consulting) Leadership Support
BNY Mellon offers a diverse range of exciting career opportunities that blend business, finance, and technology.
We are a prominent asset management and banking organization overseeing trillions of dollars in assets, custody, and administration.
Referred to as the "bank of banks," we collaborate with 97% of the world's major banks as we lead our clients into the digital era.
With a rich 238-year history and a legacy of innovation, BNY Mellon has thrived by continuously evolving, leading, and fostering new ideas.
Today, we boast a workforce of approximately 50,000 individuals across 35 countries, cultivating a culture that encourages personal growth, risk-taking, experimentation, and authenticity.
This encapsulates the essence of #LifeAtBNYMellon.
Position Summary:
Oversees the REFM+CS category spend amounting to $500M and provides leadership assistance for the $600M Professional Service category.
Spearheads a team of commercial and contract negotiators (Global team) in a matrixed model, reporting locally and globally under the Regional Head of Sourcing for India/APAC in India.
The role involves directing, managing, and coordinating contract negotiations for the REFM+CS category, as well as offering guidance to the Global Professional Services Category Directors on effective spend management.
Develops the sourcing strategy, acts as the primary sourcing contact, and is accountable for negotiation outcomes within the REFM+CS Category.
Serves as the leader for India-based teams, serving as the point of contact and escalation for senior management in India and APAC.
Primary Responsibilities:
- Heads the Global REFM+CS category sourcing team, managing contract and commercial negotiators responsible for category-specific sourcing needs and escalations.
- Plays a key role in implementing sourcing strategy, policies, and processes while ensuring alignment with the organization's global/regional strategy.
- Develops holistic commercial strategies for key negotiations, from demand assessment to implementation planning, in collaboration with the business.
- Maintains comprehensive knowledge of Real Estate, Facility Management & Corporate Services Category sourcing needs by region and acts as the primary sourcing contact.
- Drives the development of standard commodity savings metrics and strategies for supplier consolidation and cost reduction.
- Cultivates strong relationships with global business leaders and senior stakeholders to address Category-specific sourcing requirements in line with global policies.
- Collaborates with the Regional Head of Contracting and sourcing India/APAC and global category leads to develop sourcing strategy and activities.
Key Responsibilities:
- Requires over a decade of Sourcing expertise in REFM+CS and Professional services IT and Management consulting categories with a track record of managing complex projects.
- Demonstrated proficiency in managing the contract life cycle, including negotiation, drafting, and assessing complex contractual issues.
- Extensive knowledge of Third-Party Risk assessment and management related to contractual obligations.
- Exceptional communication and negotiation skills to influence stakeholders effectively.
- Ability to collaborate with cross-departmental team members to achieve shared objectives.
- Provides leadership through experience and skills training, establishing best practices for consistency in process knowledge.
- Acts as a mentor and coach to team members, offering guidance and support to help them achieve professional growth.
- Builds strong relationships within the team, fostering a sense of unity, trust, and loyalty.
- Monitors team morale and engagement, proactively addressing any issues to maintain a positive work environment.
- Demonstrates leadership by example, embodying the organization's values and culture.
- Experience in providing leadership support across different time zones with a thorough understanding of Global Operations.
- Serves as a change catalyst to enhance efficiency and maximize commercial value while balancing global and local requirements.
Experience:
- Minimum of 18 years of work experience, with at least 7 years in a management role, showcasing expertise in managing large, complex projects and global procurement processes.
Education:
- A Bachelor's degree or equivalent combination of education and work experience is required, with an advanced degree being advantageous.
At BNY Mellon, our inclusive culture is at the core of everything we do.
Here's a glimpse of our accolades:
- Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg's Gender Equality Index (GEI)
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score
- 100 Best Workplaces for Innovators, Fast Company
- CDP's Climate Change 'A List'
Our Benefits:
BNY Mellon provides competitive compensation, benefits, and wellbeing programs grounded in a culture of excellence and performance-based philosophy.
We offer access to global resources and tools for your personal journey, focusing on health, resilience, and financial objectives while providing ample paid leave to support you and your family during critical moments.
BNY Mellon is committed to Equal Employment Opportunities and affirming action, promoting diversity among underrepresented groups, females, individuals with disabilities, and protected veterans.
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1 week ago
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