Overview
Overview
Put your professional experience to work for one of the world's most recognized and admired financial industry companies with a career at BNY Mellon.
Founded in 1784 by Alexander Hamilton, we have not only been an engine behind the evolution of the financial industry, but we have also evolved at every step. Today we are more than 50k+ employees across 35 countries as we continue to build momentum and achieve further growth .
As a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle, BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. Being one of the world's top asset management and banking firms that manages $42 trillion in assets, has 97% of the world's top banks as customers, and one of the first to use computing technology and access the largest dataset available globally, we have the insights, solutions, technology, and talent to shape the future of finance.
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About Business Principal, Sourcing - Senior Strategic Sourcing Leader
The Enterprise Sourcing Office (ESO) is responsible for the procurement of all global goods and services for the Bank of New York Mellon (BNY Mellon). The ESO Contracting - Professional Services team is responsible for the global strategic sourcing and procurement of Professional Services worldwide. We are responsible for competitively managing $X00M of spend, including negotiating with vendors, editing and managing contracts, partnering with internal stakeholders (e,g, legal, infosec, third party risk management, etc..).. Our objectives are to deliver maximum value and savings while be trusted advisor to our internal clients, and managing and simplifying a complex process. The current global team globally dispersed across the US (NY, Pittsburgh, Poland and India.
Standard Job Responsibilities
As a key member of Principal, Sourcing ( , you will:
- Act as a senior leader within the The ESO Contracting - IT/Non IT - Professional Services category of spend ($1B+) reporting directly to Sourcing/Contracting leadership and/or the Category Director.
- Ability to effective manage a portfolio of vendors and contracts, including the negotiation, contractual terms review/edit, and the contracting process
- stakeholder management
- senior/executive stakeholder relationship
- Review and negotiate complex supplier contracts across Professional Services with a focus Consulting Services engagements.
- Effectively source Professional Services through competitive bid events including issuance of RFPs, RFxs, and leveraging e-auction tools.
- Support Ad hoc expense management initiatives.
- Respond to internal information requests related to the review of existing contracts and vendor relationships.
- Identify and implement sourcing efficiencies across team.
Required/preferred experience and capabilities:
- Commercial skills to understand business models T&M / Fixed / Managed Service
- Experience managing RFx's, from simple to complex
- This person will have strong financial acumen and experience in total cost of ownership and other financial decisions approaches
- Ability to understand, manage and identify opportunities for savings or improving value
- Ability to review requirements and translate into commercial contracting language
- Understand the category and vendors in this space relevant to large enterprises.
- Exceptional Client Relationship Management Skills
- Experience leading a global cross-functional team/contributors in a matrix organization
- Excellent Presentation and Communication Skills
- Ability to explain and educate others on contract terms.
- 10+ years of relevant work experience
- Undergraduate degree, If in Business or Supply Chain a plus
- Experience with CLM with e-auction tools, S2P tools, excel, word and power point
- Experience with Ivalua Contract Lifecycle Management (CLM) Tool a plus
- Banking related experience a plus
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.