Sr. Manager, Supplier & Contract Management

Sr. Manager, Supplier & Contract Management

As an integral part of the Supplier & Contract Management leadership team, the position is responsible for ensuring the delivery of some of Thomson Reuters’ most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with).

The Sr. Manager, Supplier & Contract Management performs the ongoing and daily activities for managing global contracts that provide application development and maintenance (ADM) services.

About the Role
In this opportunity as a Sr. Manager, Supplier & Contract Management, you will: 

• Ensure the delivery of contracted ADM services supporting both critical internal business applications and/or customer-facing applications including Thomson Reuters’ flagship products
• Act as Thomson Reuters’ subject matter expert for assigned supplier contracts
• Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters
• Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers
• Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements
• Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools
• Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance/compliance
• Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in/approvals
• Implement a methodology for price and performance benchmarking to ensure agreements remain commercially optimized over time
• Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings
• Support 360-degree supplier relationship assessments and efforts (buy-from, sell-to and partner-with)
• Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders
• Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy-from, sell-to, partner-with)
• Represent Supplier & Contract Management in operational/service management governance forums with strategic suppliers
• Manage contract terminations for cost-efficient and successful contract exits
• Manage a small team (1-3) of direct reports
   

Scope of Impact:

• Participate in the leadership and development of the Supplier & Contract Management activities and methodologies
• Provide expert counsel support to business and stakeholders
• Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion
• Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management
• Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation
• Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies

About You
You're a fit for the role of Sr. Manager, Supplier & Contract Management if your background includes:

• Advanced negotiation and contract drafting skills, familiarity with contract and commercial management methodology, and a demonstrated track record of working ethically to achieve excellent outcomes
• Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts
• Rigorous attention to detail, expert analytics, advanced ability to interpret contract terms and conditions and advise and make recommendations
• Strong business acumen with ability to navigate and analyze complex commercials of a deal
• Strong ability to manage a varied range of stakeholders
• Excellent (external and internal) relationship management
• Excellent written and verbal communication skills
• Advanced strategic thinking and communications skills
• Advanced skills in Microsoft Office Suite including Word, Excel, and Po