Corporate Planning & Management-Strategic Sourcing - Dallas-Senior Analyst

The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm.  CPM have 5 operating pillars. 

Finance & Planning supports the execution of the firm’s strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm’s business plans and budgets. They develop consistent framework for revenue division projections creating transparency, accountability and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities. Product Finance is responsible for the overall governance and proactive management of the firm’s non-compensation expenses. Spend Management encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations. Operational Risk & Resilience drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses. The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in-line with the firm’s strategic objectives.

Role Overview

Professionals in CPM have an analytical mindset, exhibit intellectual curiosity and are from diverse academic backgrounds. This role sits within the Spend Management pillar.

The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. It also entails in-depth analysis and reporting for senior management, requiring diligence and a commercial mindset. The candidate is required to work closely with global counterparts. Should have excellent verbal and written communication skills. 

Job responsibilities will include, but are not limited to: 

• Work collaboratively with category leads to enhance oversight of tactical sourcing spend which support the delivery of the firm’s commercial and operational objectives 
• Partner with business and functional leadership to understand short, medium, and long-term third-party requirements including demand management 
• Support execution of key procurement initiatives
  • Mitigate vendor proposed price increases and reduce non-contractual market increases
  • Consolidate spend to fewer suppliers, leveraging enterprise volume (tail spend mgmt.)
  • Increase competition (GS leverage) through increased frequency of RFPs
  • Enable opportunities for greater automation and process efficiency
• Implement best practices in procurement, commercial and vendor management
• Drive supply side initiatives to reduce or contain risk, and / or create commercial and revenue generating opportunities 
• Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors 
• Partner with internal and external legal counsel to ensure proper forms of Agreement are utilized, contractor conformance with the terms and conditions of the Agreements, and refinement of Agreements as required
• Manage compliance with and provide reporting on the firm’s commitments in relation to ESG
• Facilitate sharing knowledge, experiences and best practice within and across global Category leads and Strategic Sourcing team 
• Support compliance to the Firmwide Third Party Risk and Control Framework and associated programs
• Engage with Risk Partners across the organization (e.g., compliance, technology), as needed, to review control requirements and drive resolution of Strategic Sourcing issues
• Role based in Dallas with potential for travel as required

Qualifications:

Bachelors / Post Graduation; and in addition if any relevant professional qualifications 

Minimum three years’ experience in Strategic Sourcing operations and Category m