Strategic Sourcing Category Manager

6 days ago

Birmingham, Birmingham, United Kingdom Goldman Sachs Full time

About the Role

This is an exciting opportunity to join the Goldman Sachs team as a Strategic Sourcing Category Manager. In this role, you will be responsible for developing and implementing category management strategies to drive cost savings and improve procurement efficiency.

Key Responsibilities

  • Work collaboratively with cross-functional teams to deploy category management techniques and develop multi-year global strategies that support the delivery of the firm's commercial and operational objectives.
  • Support the creation and execution of procurement strategies and key initiatives.
  • Identify and implement best practices in procurement, commercial, and vendor management.
  • Partner with business and functional leadership to understand short, medium, and long-term third-party requirements, including demand management.
  • Drive supply-side initiatives to reduce or contain risk and create commercial and revenue-generating opportunities.
  • Manage relationships and escalations with the firm's strategic vendors.
  • Ensure appropriate contract structures, pricing models, vendor incentive models, service level agreements, performance indicators, and cost models are applied consistently across vendors to arrive at total cost of ownership.
  • Partner with internal and external legal counsel to ensure proper forms of agreement are utilized, contractor conformance with the terms and conditions of the agreements, and refinement of agreements as required.
  • Manage compliance with and provide reporting on the firm's commitments in relation to ESG.
  • Facilitate knowledge sharing, experiences, and best practices within and across global Strategic Sourcing teams.
  • Support compliance to the Firmwide Third-Party Risk and Control Framework and associated programs.
  • Engage with Risk Partners across the organization to review control requirements and drive resolution of Strategic Sourcing issues.
  • Track and report on strategic vendor management activities against Sourcing KPIs, spend, and other trends impacting the firm and business units.
  • Collaborate with Sourcing Operations to drive digitization.
  • Support ongoing management, monitoring, and maintenance of Strategic Sourcing processes, risk/control, and RCA components.

About You

We are looking for a highly motivated and experienced Strategic Sourcing Category Manager to join our team. The ideal candidate will have a strong background in procurement, category management, and vendor management, with a proven track record of driving cost savings and improving procurement efficiency.

Requirements

  • Bachelor's or Post-Graduation degree, and relevant professional qualifications.
  • Minimum five years' experience in Strategic Sourcing and Category Management, particularly in indirect spend, with a preference in Technology Infrastructure sourcing.
  • Strong technical, strategic, and project management skills, as well as a strong foundation in supply chain management, sourcing, and procurement, vendor management, legal, and contracting, and operational risk management.
  • Functional expertise in strategic procurement, category management approach, and procurement value proposition.
  • Strategic mindset, with the ability to effectively create category strategies and influence key stakeholders with sourcing decisions.
  • Technical skills, with attention to detail, initiative to broaden knowledge, and appropriate financial/analytical skills.
  • Drive and motivation, with the ability to handle multiple tasks, operate at pace, take initiative to improve performance, work intensely towards challenging goals, and persist in the face of obstacles or setbacks.
  • Client and business focus, with strong stakeholder engagement skills, ability to handle difficult requests, build trust, long-term relationships with clients, and manage client/business expectations.
  • Teamwork, with evidence of being a strong team player, collaborating with others within and across teams, encouraging others to participate and contribute, and acknowledging others' contributions.

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