Vice President, Global Strategic Sourcing

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, Edinburgh 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.

Operational excellence, risk management, and disciplined third‑party engagement are foundational to BlackRock’s ability to deliver long‑term value at global scale. As technology, data, and professional services become increasingly critical to the firm’s operating platform—and as regulatory expectations continue to rise—BlackRock is making a strategic investment in senior sourcing leadership.

Responsibilities:

• Strategic Advisory: Serve as a strategic advisor to management on sourcing and procurement, with a focus on information security and cyber risk. Provide insights and recommendations to optimize the vendor portfolio, reduce risk, and achieve 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, especially Information Security, Technology, Legal, and Compliance, 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 technology and security 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

Qualifications:

• 10+ years in strategic sourcing in a complex, global environment (ideally financial services, technology, or consulting)

• Experience partnering with internal stakeholder organizations at the COO and Managing Director level

• Design and execute sourcing strategies that balance cost optimization, quality and innovation

• Translate sophisticated spend, usage, and risk analytics into executive‑ready business cases and recommendations

• Lead complex negotiations and contract structures with the largest suppliers in the respective fields

• Expertise with category planning, competitive bidding techniques (RFI, RFP, RFQ), creation of business cases, vendor selection, vendor risk due diligence, operations management, and vendor dispute/escalation management

• Financial modeling skills for negotiation scenarios, total cost of ownership, and demand forecasts

• Depth in drafting, redlining, and negotiating global contracts, including experience drafting service level agreements (SLAs) and experience level agreements (XLAs)

• Solid understanding of contract law and regulatory obligations in financial services<