IT Strategic Sourcing Senior Associate

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.

 

Pay and Benefits:
 

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee) 

  The Impact you will have in this role:     The IT Strategic Sourcing Senior Associate is responsible for supporting the execution of the company's overall strategic sourcing strategy across all the IT portfolio. This role will support the development and execution of RFPs/RFQs, contract negotiations, and related sourcing activities for procurement requests across the company.

 

Your Primary Responsibilities:
 

• Support the Sourcing team’s partnership with the business customers to deliver on the organizational sourcing strategy to meet DTCC’s financial and operational control objectives.
• Manage relationships with suppliers to foster strategic partnerships that enable continuous value-delivery.
• Oversee the full lifecycle of the strategic sourcing (including RFx), contracting, and downstream procurement workflow.
• Pro-actively manage renewals to drive savings and mitigate business disruptions.
• Participate in value driven QBRs for key IT vendors
• Leverage spend and contract data to identify savings and efficiency opportunities.
• Lead sourcing projects by identifying clear objectives that consider financial, risk, and operational benefits for DTCC.
• Continuously develop subject matter expertise via benchmarking/research, industry/peer collaboration, training, and client feedback
• Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals.
• Review requests via centralized intake tool and gather requirements from business clients.
• Review supplier proposals and facilitate process for final vendor selection with appropriate customers
• Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals
• Initiate supplier onboarding process and coordinate with suppliers to facilitate onboarding process; manage any required troubleshooting
• Coordinate with customers to provide general insight to current request status and expected timeline
• Work closely with corresponding Sourcing Directors to ensure comprehensive understanding of category strategy, requirements and targets
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• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; increases appropriately

Qualifications:

• Minimum of 6 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Minimum of 7 years of IT Strategic Sourcing and Category Mgmt. at a global organization, preferably in financial services.
• Experience and proven success developing RFXs and negotiating HW, software, telecom/networking, private cloud, public cloud, and IT professional services contracts.
• Knowledge of enterprise IT vendors as well as emerging technology providers.
• Strong organizational competency with the ability to independently manage competing priorities.
• Comfortable with organization change and transformation.

 

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, a