Strategic Sourcing Specialist

2 weeks ago

Bengaluru, Karnataka, India Goldman Sachs Full time

Job Summary

The Corporate Planning & Management Division at Goldman Sachs is seeking a highly skilled Strategic Sourcing Specialist to join our team. As a key member of our Spend Management pillar, you will be responsible for partnering with divisional leadership to understand business drivers and initiatives, collaborating with Engineering teams to shape Digital Transformation goals, and leading/participating in contract and commercial negotiations for Engineering globally.

Key Responsibilities

  • Partner with divisional leadership to understand business drivers and initiatives
  • Interact with Engineering teams to understand strategy and product trends to shape Digital Transformation goals
  • Collaborate with divisional leadership teams and product owners across the firm on a regular basis to analyze and forecast spend
  • Lead/participate in both tactical and strategic contract and commercial negotiations for Engineering globally, with knowledge of the local and emerging marketplaces and practices
  • Manage the development and completion of RFx processes and engagement of leading- and cutting-edge technology suppliers
  • Create financial analyses of pending transactions, including the review of a vendor's financial viability as well as performing total cost of ownership analyses
  • Collaborate with various risk management partners, such as Legal, Finance, Information and Cyber Security and Compliance, to ensure adherence to the firm's vendor management policies and procedures
  • Liaise across Engineering management, business and relationship managers, senior leadership and vendors to identify and escalate vendor/client sensitivities as well as commercial and relationship opportunities
  • Responsible for tracking of and reporting on Strategic Vendor Management activities, spend and other trends of strategic vendors to understand impact across the firm
  • Lead the team's efforts to identify areas where we can better leverage technology and automate processes
  • Prepare and analyze reports related to allocation of various expenses to different businesses and identifying areas to better leverage tools to ensure correctness of cost allocation
  • Identify potential areas to create operational efficiencies and automate manual processes
  • Maintain department's organizational hierarchy in multiple systems

Qualifications

  • Relevant Bachelor's degree or equivalent qualification with an excellent academic record; MBA is a plus
  • 4+ years of relevant experience in commercial and contract negotiations with any focus on Technology Sourcing. Audio-visual and real time collaboration integration, cabling, data center and cloud services, end-user desktop and mobile hardware, network and cyber-security equipment, servers, storage, and/or telecommunications services experience is a plus
  • Excellent communication and interpersonal (written and verbal) skills, strong attention to detail
  • Ability to lead across team members and drive assignments to completion
  • Ability to navigate through complex situations
  • Ability to multi-task & deliver under pressure
  • Solid work ethic and high level of motivation
  • Proficient in Microsoft Excel and PowerPoint
  • Prior experience with well-known enterprise vendors is a plus
  • Prior technical experience, in-depth understanding of technical concepts and/or vendor management experience is a plus
  • Prior experience with emerging technologies and digital solutions is a plus

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