Overview
Specialist, Sourcing
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
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We're seeking a future team member for the role of SSpecialist, Sourcing to join our ESO team. This role is located in Pune
In this role, you'll make an impact in the following ways:
- Partners with the business or vendor partners to develop plans for Corporate services category management.
- Accountable for all service areas of the assigned activity. The assigned activity requires collaboration and communication with Business and vendor Management office and ESO executive management.
- Is responsible for effectively representing the Source to Pay manager in high-impact meetings, as needed. Applies advanced, extensive knowledge of wider S2P and other business functions to improve the impact of the activity performed. Prepares and run complex supply market analyses and develops large quantities of RFP and RFI templates, pricing assessments and total-cost modelling.
- Contributes to and leads sourcing contract negotiations and contract administration for standard contracts in assigned categories.
- Makes recommendations in response to contract asks and negotiates with contracting parties.
- Independently reviews and analyses non-complex, standard and some non-standard contract requirements and conducts complex research to support contract negotiations.
- Identifies contracting issues and recommends solutions.
- Actively works with stakeholders to support the development of demand-side process improvements.
- Provides support and sometimes enables stakeholder and business partner meetings.
- Negotiates contracts in multiple assigned categories/ specific category on a daily basis.
- Independently reviews and analyses contract asks and effectively communicates requirements.
- Will be responsible for negotiating and sometimes supporting both noncomplex and complex contract negotiations.
- Conducts complex research to support contract negotiations and compiles findings into an appropriate, intuitive format.
- May review findings compiled by more junior Sourcing roles for accuracy and legibility and advises on improvements.
- Is responsible for contract administration for a moderate quantity of standard contracts in the assigned categories, including NDAs, non-complex agreements, SOWs and terminations, among others.
- May support more senior Sourcing roles or the Senior Sourcing Manager in stakeholder and business partner meetings, as needed.
- Has a deep understanding of atleast one or more categories and actively contributes to the identification and driving of saving ideas/initiatives.
Bachelor's degree in computer science engineering or a related discipline, or equivalent work experience required, 8-10 years of experience in Sourcing, experience in the securities or financial services industry is a plus.
At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
- 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'
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Human Resources - MyHR
Information Classification: Internal Use only
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.