Business Unit:
Global Sourcing & Corporate Services
Salary Range:
$125,000 USD - $148,000 USD
Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.
Job Description:
Global Sourcing and Procurement (GSP), within the Global Operations organization at Russell Investments, has an exciting new opportunity for a Manager or Senior Manager (depending on the candidate), in IT/Services Procurement to join our team. The GSP organization is responsible for the procurement, sourcing, and contracting of various categories of spending across the global enterprise.
To be successful in this role you should bring varied experience that will empower you to deliver significant cost reduction, supplier validation, and the ability to continually benchmark procurement practices to improve business efficiencies while building strong relationships within the organization and with suppliers alike. This is an exciting chance to be a part of a team whose collective experience spans many areas of expertise. We pride ourselves on performance and diversity.
This role will collaborate with other highly talented individuals supporting the procurement and sourcing of several key categories, including services related to auditing, marketing, management consulting, employee development and public relations. In addition to committing Russell Investment resources to purchase goods and services, this role is responsible for developing supplier strategies, fee negotiations and bid packages (RFI/RFQ/RFP).
The responsibilities of the individual in this position include:
Strategic Sourcing:
- Develop and execute category strategies while managing the entire procurement process resulting in the best possible terms for value, quality, service and delivery
- Lead complex strategic initiatives through a holistic and systematic sourcing process; develop and review effective project plans and negotiation strategies; evaluate supplier business proposals; provide recommendations for business strategy awards; negotiate complex agreements. Develop and present negotiation strategies and deal summaries to executives.
- Identify metrics, tools, and processes to optimize sourcing, supplier activities, and efficiencies; work collaboratively with team members to prioritize and drive successful implementations
- Oversee governance and control programs to ensure business continuity, protect company assets, mitigate risks and comply with corporate and regulatory policies
- Act as subject matter expert and drive process improvement for suppliers under management
Business Engagement
- Develop and maintain positive relationships with internal customers, executive management, peers, business partners and direct reports
- Provide coaching and guidance to deepen GSP’s functional excellence abilities with particular attention to business acumen, negotiation, risk, issue and opportunity management and other program management best practices
- Closely align with Legal, Operations, HR, Marketing, and Finance teams on alignment of the strategic sourcing vision cross-functionally
Leadership
- Lead and collaborate with team members in aligning to business strategies and achieving objectives
- Interface and advise with senior management to align business priorities and manage issues
Value Creation:
- Establish and promote aggressive value creation targets, committing to, and delivering on annual cost-saving targets for the GSP organization
- Develop annual cost savings programs and implement business strategies directly affecting company financial results and growth plans.
- Identifies and increases the addressable spend that procurement drives cost savings. Drives a culture of cost savings and value-driving metrics to drive value add to the firm
The successful candidate will have extensive demonstrable skills and experiences including the following:
- Bachelor’s degree or higher in Business, Finance, Operations, Supply Chain, Science, Mathematics, Engineering, or a related field. MBA preferred.
- 4+ years of experience in procurement, including developing and negotiating contracts
- Advanced knowledge of eProcurement practices, Contract Lifecycle Management (CLM) applications, spend analytics tools and electronic invoicing options
- Proven experience building trust and strong cross-functional relationships in a fast-paced environment
- Ability to influence business partners, peers and senior leaders across functional organization
- Experience proactively focused on and delivering cost savings, driving the team to deliver as well
- Certified Professional in Supply Management (CPSM), Certified Purchase Manager (C.P.M.) or equivalent certification preferred
- Proven complex contract negotiation and supplier relationship management skills
- Builds capacity of individuals and teams through effective employee development, involvement, communication, and supervision efforts
- Excellent analytical, presentation, communication, interpersonal and influencing skills.
- Strong analytical/data skills: fluent in Excel and able to apply a mathematical lens to business problems.
- Strategic planning: ability to define, and execute on, long-term strategic sourcing strategies.
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.
