Role Overview
The Technology Services Category team is responsible for the Global Category Management and Strategic Sourcing of Third-Party resources across LSEG (London Stock Exchange Group), with a concentration on the Technology organisation.
The primary purpose of this role is to provide procurement support to Project Leaders in areas of Corporate and Cyber Technologies. LSEG uses Oracle Fusion, Workday, ServiceNow, VMS and other systems to curate the work of the organisation. We encourage building senior relationships, understanding in detail their business objectives and how 3rd parties are currently, or could be, deployed. You will be responsible for building and developing your own pipeline of projects to assist LSEG in exceeding its savings targets. In addition to developing and building a project pipeline, you will also be responsible for driving and running the process for sophisticated procurement projects. You will also manage relationships with assigned key suppliers and own the commercial framework for those suppliers.
We will required you to demonstrate experiences in these areas at interview.
Procurement Organisation
We work in a globally distributed team of procurement & sourcing professionals, with presence in the UK (London), USA (New York), Spain (Madrid), Singapore, India (Bengaluru), Beijing (China) and Columbo (Sri Lanka).
We report into the Chief Operations Officer, providing procurement services to the whole of LSEG and operates under the following key categories:
Services
(under which this role will reside)
Technology
(covering IT hardware, Cloud, Licensed software, and communications spend)
Corporate
(Real estate, Marketing, HR, data, etc.)
Strategy and Performance (S&P) Team
- responsible for implementing the strategy of the function, whilst delivering outstanding procurement policy and processes.
Supplier Relationship Management (SRM) Team
-responsible for handling relationships with our most critical Tier 1 suppliers.
We provide timely and effective procurement services to LSEG team members and includes leadership of the following global procurement sub-categories:
- Contingent labour
- Business Consulting
- Technology Services
Key Attributes of the Role
- Partner with Technology Managers to be their Procurement Business Partner, review 3rd party spend and agree appropriate projects (and deliver those projects).
- Have the desire and ability to challenge the status quo" constructively and in partnership with team members
- Use provided tools to analyse spend, worker information, supplier information to identify, build sponsorship for and pursue new savings opportunities
- Be proactive on all matters
- Knows their supply base inside out.
- Strong knowledge and experience on Request For Solution (RFS) sourcing process
- Detailed knowledge of commercial/outsourcing cost models and how to present bid summaries back to Senior Leaders
- Work with product development groups to implement important metrics (Key performance indicators) and reporting of supplier performance
- Be a great teammate within the Global Procurement function.
- Able to work closely with SRM (Supplier Relationship Management), TPRM (Third Party Risk Management), Legal, Finance and Vendor Management teams
- Ensure priorities are handled effectively by modifying plans and actions in your own area of accountability, call out issues early to management. Will not miss agreed target dates.
- Provide leadership to a project team in all sourcing related matters.
- Develop and lead a project against an agreed plan and objectives, ensuring commitments are met by monitoring, assessing, and resolving variances in budget, timing, or quality of work
- Able to support, educate and mentor other team members, particularly the Senior Buyer group
- Able to work without supervision
- Focused to lead and complete required admin tasks (such as project reporting and timely updates to procurement systems such as Ariba, Oracle iProcurement & Fieldglass), and in-house project tracking applications
Skills
Essential
- Excellent communicator
- Excellent influencing skills
- Excellent negotiating abilities
- Strong project management skills
- Excellent Excel (inc. pivot table, data functions, etc.) and PowerPoint skills
- Experience of using Power BI (Business Intelligence)
- Able to mark-up contracts from LSEG templates and to agreed fall back language, knowledge of GDPR (General Data Protection Regulation) legislation
Desirable
- Fieldglass SOW (STATEMENT OF WORK) module, Oracle iProcurement and Ariba experience is beneficial
Candidate Experience
The candidate will have several years of experience in a complex, high pressure environment, identifying and leading complex sourcing projects with multiple partners. Candidates who have experience of working within the Financial Services sector could be well suited to this role (but this is not essential). The ideal candidate may be leading or previously led key technology services supplier relationships with Suppliers such as TCS (Tata Consultancy Services), EPAM, Luxoft, Infosys, etc.
Education
A relevant bachelor's degree or equivalent experience is preferred.
MCIPS or working towards MCIPS preferred but not crucial.
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