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Director, Global Sourcing & Procurement

Company: Russell Investments
Location: Seattle
Posted on: September 23, 2022

Job Description:

Business Unit:Global Sourcing & Corporate ServicesJob Description:The Global Sourcing and Procurement department ("GSP") is a critical team with significant influence across Russell Investments. -As the leader of this team you are responsible for developing and managing a strong partnership with our business unit executives and their teams to proactively plan the management of their existing supply base, including developing and executing strategies to support our corporate and organizational goals. - In addition, you will collaborate with business unit stakeholders to plan for sourcing new areas of spend. - - This is a "player-coach" role and will develop and execute as well as manage a team of 3-6 associates who will develop and execute indirect spend sourcing strategies, including negotiations and contracting. - - Key in-scope categories include (but are not limited to) professional services, outsourcing services, and information technology. - By leveraging yours and the team's capabilities in strategic sourcing strategy planning and execution, you will ensure that the firm is maximizing the value by driving to the lowest total cost of ownership, increasing the quality of service delivery, and minimizing risks to Russell Investments. - -Your Core Responsibilities:Relationship Management and Client Service

  • Partner with senior leadership in business units and other key stakeholders to strategically plan (up to 3 years) support for existing contracts as well as new third party spend requirements resulting from business roadmaps - either at a category level or individual contract level
  • Generate and lead cost management efforts with key business executives, driving cost savings and other value-added activities across the supply base
  • Develop or coach GSP team in developing sourcing strategies agreed by the business unit executives, key stakeholders, and other executives as appropriate
  • Provide thought leadership and guidance to business units in the area of strategic sourcing, procurement services, and indirect category management.
  • Lead key business stakeholders (and coach GSP team to lead) through our 7-step sourcing process, enabling key components of the Source-to-Pay (S2P) procurement lifecycle
  • Collaborate with other functions such as Legal, Operations, HR, Program Management Office, Marketing, and Finance teams on sourcing strategy development and execution
  • Responsible for educating business units on third-party risks and escalating and monitoring issues to ensure appropriate actions are taken
  • Manage a program with the Office of the CFO to report and track savings and other benefits to senior leadership on an on-going basis
  • Leverage and evolve the adoption and enhancement of the Contract Lifecycle Management (CLM) application - Agiloft - for contract drafting workflow and execution within GSP; advocate usage outside GSP where appropriateStrategic Sourcing Thought Leadership and Execution:
    • Proactively identify - and work with GSP team to identify - opportunities, via sourcing, substitution, etc., to reduce costs, increase/improve services, and/or manage risk.
    • Lead strategic sourcing efforts in support of business unit operations, including incumbent negotiations, RFXs, contract negotiations
    • Conduct market research and provide key subject matter expertise
    • Identifies metrics, tools, and processes to optimize sourcing, supplier activities, and efficiencies; work collaboratively with team members to prioritize and drive implementation
    • Launch and enhance a Supplier Diversity / MWBE program to expand the base of innovative and diverse vendors.Management and Leadership
      • Develop and manage a high performing and motivated strategic sourcing team responsible for interfacing with business and supplier partners; tailor management style appropriately to levels of experience of team members
      • Fosters a culture of continuous improvement and professional development within the GSP Team
      • Lead and collaborate with team members to strategically plan support for business units; coach team members throughout project - from initial kick-off to executive updates and final presentation and approvals
      • Proactively interface and advise with senior leadership to align business priorities and proactively manage any potential issues
      • Have a global mindset but understand key local requirements and norms to support a global internal supply baseYour Expertise:
        • Bachelor's degree required in Business, Finance, Legal, Process Engineering, and/or Supply Chain Management; Master's degree preferred.
        • CPM, CPSM or equivalent preferred.
        • 10+ years thorough knowledge, experience, and execution of strategic sourcing and category management processes, techniques, and methodologies holistically (balancing cost, risk and performance) across multiple indirect spend categories (including sourcing technology hardware, software, and services; professional services, outsources services, etc.)
        • Advanced knowledge of and experience with eProcurement practices, Contract Lifecycle Management (CLM) and Procure-to-Pay (P2P) applications, spend analytics tools and electronic invoicing options
        • Builds capacity of individuals and teams through effective employee development, involvement, communication, and supervision efforts
        • Ability to develop influencing relationships with varying levels of management and individual contributors from various business units.
        • Experienced in negotiating medium to high complexity contracts across categories of spend in IT, professional services, outsourced services, etc. - Clear understanding of contractual terms and conditions.
        • Ability to clearly and effectively communicate with all levels of management
        • Deep subject matter expertise for assigned spend categories.
        • Proficient negotiation and financial modeling skills.
        • Ability to root cause problem/issues and provide solutions/options support with fact-based/data driven analysis.
        • Able to balance and prioritize multiple high priority projects.
        • Able to influence and lead others within the department, business units, and various support units.
        • Proficiency with Microsoft applications: Word, Excel, PowerPoint, SharePoint, Teams required.#LI-HybridEqual Employment OpportunityRussell 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. -

Keywords: Russell Investments, Seattle , Director, Global Sourcing & Procurement, Executive , Seattle, Washington

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