IT Sourcing Manager (Hybrid- Newark, NJ)

At Broadridge, we've built a culture where the highest goal is to empower others to accomplish more. If you're passionate about developing your career, while helping others along the way, come join the Broadridge team.

Broadridge is growing! We are seeking an enthusiastic IT Sourcing Manager to join our team. This role is responsible for managing end-to-end sourcing and procurement activities for technology goods and services within a fast-paced fintech environment. This role partners closely with technology, finance, legal, and business stakeholders to negotiate favorable supplier agreements, optimize vendor performance, and drive continuous improvement in sourcing processes. The role also requires the ability to prepare basic reports, dashboards, and regular updates for key stakeholders and leadership.

Responsibilities

• Negotiate favorable commercial terms, including pricing, volume discounts, service levels, and long-term contracts with IT suppliers and service providers.
• Manage the full lifecycle of sourcing initiatives, including stakeholder interviews, requirements gathering, documentation, design specifications, and implementation.
• Drive ongoing supplier optimization, and consolidation across the vendor supplier base.
• Identify, recommend, and implement best practices for sourcing and procurement processes, vendor selection, outsourcing, inventory control, and quality assurance.
• Develop and maintain basic reports, metrics, and dashboards (e.g., spend analysis, supplier performance, contract status) and provide regular updates to key stakeholders and leadership.
• Ensure compliance with internal policies, regulatory requirements, and risk management standards typical of a fintech environment.

• Develop and execute sourcing strategies across assigned categories to deliver long-term value and resilience.
• Perform detailed spend analyses, supplier benchmarking, and total cost of ownership (TCO) assessments.
• Engage stakeholders to understand business requirements and align sourcing initiatives accordingly.
• Demonstrates in-depth knowledge of IT sourcing, procurement, and vendor management practices.
• Understands and applies procedures and concepts within own discipline, with basic knowledge of related disciplines (e.g., finance, legal, risk).

• Lead contract negotiations to secure optimal pricing, service levels, and commercial terms.
• Build strong relationships with suppliers, ensuring performance, compliance, and continuous improvement.
• Highlight risks throughout negotiation with mitigation suggestions provided to key decision makers.

• Identify and deliver measurable cost savings, efficiency gains, and process improvement opportunities.
• Develop business cases and track savings delivery against targets.
• Streamline sourcing processes and implement best practices to enhance procurement efficiency.

• Get hands-on with data extraction, bid analysis, and contract reviews-comfortable working "in the weeds".
• Partner with cross-functional teams to ensure timely procurement execution and alignment with operational needs.
• Assist other team members.
• Visibility into renewal pipeline and ensures that the broad team is able to meet renewal dates and provide sufficient updates / escalations where required.
• Uses best practices and awareness of internal and external business issues to improve products, services, and sourcing outcomes.
• Understands how the sourcing function integrates with other business areas and is aware of competitive market dynamics and differentiators.
• Solves complex sourcing and procurement problems by analyzing multiple sources of information - this may include POs, contracts and financial spend data.
• Takes a new perspective on existing solutions and exercises sound judgment in ambiguous situations.

• Commercially astute and analytical with strong attention to detail.
• 3-7 years experience in procurement.
• Hands on problem solver.
• Collaborative and adept at managing stakeholder expectations.
• Strong written, verbal and presentation skills.
• Adaptable, and ability to work in a fast-paced and evolving business environment.
• CIPs preferred.