Global Third Party Management (GTPM) is a Business Unit within Corporate Finance that is responsible for providing enterprise wide procurement services, including governance and monitoring programs for all regions and countries where State Street Corporation conducts business. This role will support the Procurement team that is focused on managing and overseeing the low to medium complexity purchase transactions, along with related program governance & oversight and the broader Procurement, Accounts Payable (AP) and Third Party Risk Management (TPRM) teams.
RESPONSIBILITIES :
oExecute sourcing strategies that align with Organizational goals and deliver results throughout the Procure to Pay Lifecycle
oFacilitate negotiations and achieve optimal price/performance and price/quality ratio to deliver maximum value and savings
oDevelop TCO models and decipher pricing to deliver comprehensive financial analyses
oPerforms all duties in accordance with Organizational policies / procedures and prescribed regulatory compliance guidelines.
oEnsure timely execution of SOW’s, Order Forms, Change Orders, review of Purchase Requisitions and release of Purchase Order
oAbility to partner with internal stakeholders and suppliers, develop sourcing /negotiations strategies aligning them with future corporate strategy.
oKnowledge of market trend and new/emerging technologies including market dynamics, trends and key save opportunities across supply, demand, and process to help execute sourcing strategy
oCollaborate with internal stakeholders including Subject Matter Experts to obtain beneficial terms, mitigate business risk and set priorities for sourcing strategy execution
oProactively manage vendors through the contract lifecycle by monitoring their fulfillment of obligations and by performing benchmarking through scorecards, performance metrics and other tools.
oProvide financial reporting and analysis on key Procurement metrics as per requirement
oContinually identify and drive improvement opportunities
EXPERIENCE & SKILLS :
oGraduate with minimum of 8+ years of experience in Purchasing and/or vendor management with a successful track record of completing RFx events, negotiations and cost saving initiatives
oExpertise in sourcing of IT (Hardware/Software/Telecom) products and services, Outsourcing, Professional Services, IT Globalization/Staffing, Outsourced Financial Services etc
oExcellent Contract interpretation Skills, understanding of product and contract lifecycles
oExcellent strategic thinking and problem-solving skills
oProven self-starter who can work independently, effectively manage priorities and has a strong track record of delivering outstanding results.
oPersonal resilience to work within tight deadlines in an extremely fast-paced ambiguous environment
oExcellent communication(written/verbal) and interpersonal skills, demonstrated ability to develop highly functioning business relationships/stakeholder management
oMust be organized, detail oriented, responsive and be able to adapt quickly to a rapidly changing environment
oWorking knowledge on Oracle R12/Oracle Cloud ERP will be an added advantage.
State Street's Speak Up Line