Vice President, Strategic Sourcing: Technology

About this role

Business Unit Overview:

BlackRock Finance consists of finance professionals across several disciplines such as Financial Planning & Analysis, Treasury, Tax, Finance Controls, Global Strategic Sourcing (“GSS”), Finance Platform Support and Controllers. GSS is a global team, with team members primarily based in New York, Gurgaon, and Budapest. GSS aims to be an organization of trusted strategic sourcing advisors enabling BlackRock to achieve more value. The GSS team advises and supports business functions on all their supplier-related initiatives whether they involve supplier identification, evaluation, selection, negotiation, performance management or escalation management.   GSS seeks to avoid certain costs, deliver tangible cost reductions, furnish reliable analytical data and insights for improved decision making, and enable a socially responsible and diverse supplier base.

Background:

At BlackRock, we believe operational excellence is core to delivering long-term value—for our clients, our shareholders, and our people. We are seeking a dynamic Vice President in Technology Sourcing to join our Global Strategic Sourcing team, focused on executing high-impact initiatives that reshape our global sourcing landscape and optimize third-party spend across the enterprise.  This individual will drive a $200M external spend optimization initiative by identifying and accelerating high-impact sourcing opportunities as well as supporting the implementation of new policy / process changes for discretionary spend categories. The successful candidate will bring deep category planning and tracking expertise and advanced analytics capabilities to shape sourcing strategies that directly support the firm’s multi-year operating income growth targets.

This is a high-visibility role that sits at the intersection of procurement, finance, and business strategy. You’ll be instrumental in shaping our supplier ecosystem, driving cost efficiency, and enabling our operating model through supplier consolidation, nearshoring, and other strategic sourcing programs.

Principal duties include:

• Strategic Advisory: Serve as a strategic advisor to all levels of management on all matters related to sourcing and procurement, offering insights and recommendations to optimize the vendor portfolio and achieve corporate transformation objectives.  Build and deliver executive-ready presentations using advanced analytics (Power BI, SQL, Tableau) to support sourcing decisions and business cases.  Contribute to enterprise-wide cost optimization programs by identifying and accelerating high-impact sourcing initiatives

• Sourcing Strategy Development: Conduct rigorous external spend analysis to uncover opportunities for cost optimization.  Design and execute comprehensive sourcing strategies to reduce cost, improve delivery resilience, and streamline vendor portfolios through competitive bidding, proofs-of-concepts, demand management, supplier consolidation, and process reengineering efforts that align with the company's overall business goals, ensuring cost-effectiveness, and quality

• Cross-Functional Collaboration: Work closely with internal stakeholders to align sourcing strategies with enterprise cost targets and transformation goals.  Build and manage cross-functional cost optimization programs to drive accountability and transparency in sourcing decisions.

• Supplier Relationship Management: Build and maintain strong relationships with key suppliers, negotiating and drafting favorable terms into contracts, ensuring the highest standards of quality and service

• Market Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain, and prepare PowerPoint decks to support informed sourcing decision-making

• Risk Management: Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions

• Cost Management: Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance

• People Management:  Recruit, coach, mentor, and indirectly manage junior staff as necessary

Experience required:

• 8+ years of experience in strategic sourcing or supply chain strategy in a complex, global environment—ideally within financial services, tech, or consulting, with a proven track record of success in a technology-related and professional services-related strategic sourcing advisory role

• Experience working in or partnering with a Financial Planning and Analytics function or other budget-setting and spend tracking function

• Exceptional program and stakeholder management skills