The Sourcing Lead, based in Malvern, PA, will provide support to Vanguard’s International Division, focusing on Europe (primary) and Americas (secondary), while partnering closely with procurement and key stakeholder groups (e.g. Legal, Risk, etc.), internal clients, and suppliers located both regionally and across the globe. This role will manage and execute third party supply and demand activities, ensuring alignment with business needs and goals.
Responsibilities
Transactional Excellence - Leads and prepares medium-to-high complexity strategic sourcing transactions, negotiations, and supplier selection (including competitive bidding) for products and services. Interfaces with other sourcing teams, business leaders, legal and risk partners for each transaction. Manage contracts and relationships for suppliers within categories, including, but not limited to: Technology (including AI), Marketing, Human Resources, and Professional Services and Facilities.
Communicates project status and issues regularly to stakeholders, including leaders and senior managers.
Ensures that the contracting team (Contract Advisory) receives documents in good order.
Ensures the Third-Party Risk Management (TPRM) team receives the proper information about each transaction.
Communicates contract requirements, obligations, and risk exposures to key stakeholders.
Ensures proper closure of transactions including accurate data and proper handoff to the business lead and supplier.
Ensures proper closure of transactions including accurate data and proper handoff to the business lead and supplier.
Performs supply market data analysis and recommends suppliers to the business.
Identifies and is knowledgeable of industry trends. Ensures category strategies are aligned with the overall business strategy.
Leverages data analytics and insights into such strategies that are aligned to the businesses funding and forecasting.
Provides insight regarding best practices and common obstacles based on prior experiences.
Prepares and presents analysis, findings, and potential solutions. Crafts data into a compelling story with actionable insights.
Prepares and presents analysis, findings, and potential solutions. Crafts data into a compelling story with actionable insights.
Builds and maintains effective relationships. Proactively fosters communication between internal and external stakeholders.
Drives engagements, resolves issues, and involves stakeholders as needed.
Proactively identifies, manages, and mitigates risks and any related issues.
Communicates solutions on key issues to management and stakeholders to obtain their input and buy-in as appropriate.
Communicates solutions on key issues to management and stakeholders to obtain their input and buy-in as appropriate.
Follows and champions global procurement process adherence. Supports related training efforts.
Educates key stakeholders about considerations in support of the contract negotiation or supplier management process.
Ensures application of fair business practices and procurement of products and services at the best execution and price.
Ensures your individual time management is aligned to ESM’s overall goals and key initiatives.
Ensures your individual time management is aligned to ESM’s overall goals and key initiatives.
Qualifications
Minimum of three (3) years related work experience, including leading contract negotiations and running competitive RFQ/RFI/RFPs.
Financial Services and/or Technology specific experience preferred.
Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
Flexible work hours are required to work with stakeholders across regions in different time zones. Early mornings will be required.
Strong communication and relationship management skills are required. Ability (and willingness) to escalate proactively.
Proven ability to work autonomously is required.
Strong data analysis and reporting experience is required.
Executive presentation skills are preferred.
Experience working with remote teams is preferred.
Location. Malvern, PA
Work Schedule. Hybrid - Currently Tuesday, Wednesday and Thursday in the office
Special Factors. Vanguard is not offering visa sponsorship for this position.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.About Vanguard
At Vanguard, we don't just have a mission—we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.