The Department - Group Procurement
In 2021 LSEG acquired Refinitiv, a Data and Analytics company growing to over 25,000 staff. The integration programme is well underway to combine the two companies and deliver organisational and procurement benefits. LSEG is taking this opportunity to combine and transform both procurement functions into a single, outstanding Group Procurement Team.
Group Procurement owns the commercial management of third-party suppliers, delivering the skills the business needs to drive company projects of all sizes. We strive to make LSEG easier and more attractive to do business with, and we consider our suppliers as a source of competitive advantage and not just about cost.
LSEG is implementing a strong supplier relationship management (SRM) model, aligned to stakeholder groups and spend categories, ensuring value through early and strategic engagements and bringing insightful vendor spend analytics.
Some key characteristics of the new Group Procurement organisation:
The Team is aligned to the master categories of spend (Technology, Services and Corporate), focused on category management, sourcing, supplier relationship management and business partnerships
A Strategy & Performance centre, enabling function to drive and implement the strategy of the Group Procurement function, best in class procurement policy and processes
There are hubs for the category teams in London, Bangalore and New York with some decentralised activity to support local markets in various global locations including Europe and Asia
The Team
The Services team leads on the commercial aspects of all Group spend across the following categories – Technology Services; IT and Business Outsourcing, Contingent Labour & Strategic Consulting.
The Services Procurement team partner with business customers across the group to provide flexible options to supplement our in-house teams. These services enable the business to deliver on LSEG’s short- and long-term strategic objectives.
Technology Services essentially are IT oriented Professional Services, sourcing teams of people to work on the development of new products for LSEG, working in tandem with LSEG teams across the world. Each engagement crafts a Statement of Work or SOW, describing the work required, results expected, commercials etc. Typical roles are programmers, testers, team leads, business analysts, project managers, cloud specialists, all experienced in Financial Services technologies.
The Role
This individual will take direction from the Category Lead/Director and Category Managers to implement the agreed strategies.
The role will perform a combination of sourcing, supplier management and business engagement activities, with an emphasis on sourcing.
Additionally, the role handles a subset of LSEG’s Focussed suppliers with category spend above £500K, drive the supplier relationship management (SRM) program with those suppliers, monitor and provide approval for purchase requests in Ariba and Oracle, plus SOWs in Fieldglass.
This role sits in the Services tower reporting to the Category Director for Technology Services, who leads the global procurement activities including engagement and ongoing management of third-party suppliers, the sourcing and supplier strategy, and roadmap for the Category.
Although primarily aligned to the above category, this role may be required to support other sub-teams within Group Procurement from time to time.
Key Responsibilities
Engagement with LSEG business
Engage regularly with key partners across the business and key functions such as Legal, Finance and HR to progress queries and act as a procurement point of contact, with support from the Category Lead and other Category Managers
Procurement systems tools, and data
Contract management
Candidate Profile
ESSENTIAL
DESIRABLE
LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.
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