Strategic Sourcing Manager (Market Data)

Job Description

Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.

About the role

The Strategic Sourcing Manager is responsible for managing the end-to-end procurement process including category management, sourcing, negotiation, contracting and supplier performance management primarily for the Market Data Category.  Categories supported may include products and/or services such as data distribution, data feeds, exchanges, pricing & reference data, research, financial services and market data infrastructure.

In particular, this position will be responsible for developing and maintaining product intelligence including evaluating and recommending products and product optimization, across market data and related products managing Market Data spend on a global basis.

This role serves as a sourcing subject matter expert, partnering with business leaders to optimize financial and operational benefits as well as working with risk managers to mitigate the risks associated with third-party relationships.  In addition, this position will be required to participate in the develop and execution of global category strategies within its assigned category(ies).

The Strategic Sourcing Manager will work with suppliers to ensure the company secures the best price possible, while reducing incidental and extraneous cost, all while providing maximum support and value to internal stakeholders.

About the team

The FIS Market Data Category Team is a professional group with experts skilled in market data products, solutions, and contract vendor management. We partner with our internal clients to answer the growing demands of their business by providing the expertise in the details that lead to increased profitability.

What you will be doing

The primary responsibilities for this position include, but are not limited to, the following:

·       Leads and manages sourcing engagements with cross-functional internal teams, including needs analysis, market analysis, competitive intelligences, RFI and RFP development, cost and proposal analysis, deal structuring, contract negotiation, and implementation development

·       In partnership with business leaders, develops short- and long-term sourcing category strategies, and executes multiple, medium to high risk and complex projects concurrently

·       Collaborate with global category leads and ensure alignment to overall category strategies

·       Facilitates development of relationships with vendors/suppliers and maintains relationships for long-term contracts

·       Analyzes key supply markets and establish relationships with leading partners

·       Periodically participates in category reviews

·       Deliver a superior customer experience to internal clients

·       Establishes systems and procedures to ensure and enhance overall quality

·       Establishes requirements for suppliers to achieve process and quality standards

·       Reviews, analyzes, and monitors supplier contract performance and compliance

·       Negotiates and coordinates additions, deletions, and modifications to agreements

·       Develops and maintains vendor relationships including tracking and analysis of vendor spend and performance

·       Maintains solutions to ensure purpose and functionality of suppliers closely aligns with business procedures, directions, and strategies

·       Manages the selection process to evaluate products based on user requirement