Global Head of Strategic Sourcing, SVP - Procurement at Blackstone

Miami, Florida, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset Management, Private EquityIndustries

Requirements

15+ years of professional experience with at least 10 years of experience managing/developing sourcing teams
Experience in financial sector is a plus
In-depth knowledge of sourcing activities, processes, and procedures
Proven track record of successfully managing complex global sourcing projects and negotiations
Experience developing and conducting RFx, supplier analysis, and contracting
Strategic mindset with sound financial and business acumen, and well-defined decision-making skills
Dynamic team player, proactive, self-starter with utmost professional integrity and ethics
Strong analytical and problem-solving skills; think outside the box, interpret data and make data-driven decisions
Excellent organizational skills, detail-oriented, effectively multi-task and adapt to changing environments
Demonstrated leadership skills, with proven skills in building, motivating, and leading teams
Resilient, curious, and deals well with ambiguity
Excellent oral and written communication and interpersonal skills; maintains effective relationships internally and externally with strong customer service skills
Proficiency in MS Office suite and other relevant software (Coupa knowledge a plus)

Responsibilities

Lead global sourcing team to develop and implement sourcing strategies across technology, non-technology and market data categories, balancing quality, performance, and costs
Ensure compliance with internal and external (global) regulations
Regularly review and evaluate sourcing procedures and processes, focusing on continuous improvement
Partner with the technology teams to identify and implement technology solutions that will improve productivity and efficiency
Work with legal teams to optimize contract templates
Lead negotiations with key suppliers, securing favorable terms and conditions, driving value, and ensuring compliance with legal and regulatory requirements
Establish, regularly monitor, and publish key performance indicators (KPIs) to evaluate the effectiveness of sourcing area and initiatives
Manage team of category managers and buyers, focusing on team performance and development, as well as talent identification and development
Develop and maintain strong, fair, and ethical partnerships with vendors; ensure acceptance and adherence to Blackstone processes and procedures
Conduct regular supplier reviews to manage performance and effectiveness, creating action plans as needed
Meet and collaborate regularly with internal stakeholders to understand needs, upcoming projects, and obtain feedback on sourcing performance
Be an advocate for supplier variety
Stay informed about area and industry trends, market dynamics, and emerging technologies to identify innovative solutions including sourcing models

Skills

Key technologies and capabilities for this role

Strategic SourcingProcurementNegotiationSupplier ManagementContract ManagementTeam LeadershipSourcing StrategyCost OptimizationRegulatory ComplianceProcess ImprovementTechnology ImplementationStakeholder Partnership

Questions & Answers

Common questions about this position

Is this role remote or office-based?

The role is full time based in Miami, FL.

What is the salary range for this position?

This information is not specified in the job description.

What experience is required for this role?

Candidates need 15+ years of professional experience with at least 10 years managing and developing sourcing teams, plus in-depth knowledge of sourcing across categories.

What key skills are needed for the Global Head of Strategic Sourcing role?

The ideal candidate must have a strategic mindset, deep sourcing experience, exceptional negotiation skills, and team management skills.

What does the team structure look like for this position?

The role involves managing a team of category managers and buyers, with a focus on team performance, development, and talent identification.

Blackstone

Global alternative asset management firm

About Blackstone

Blackstone is a leader in alternative asset management, focusing on private equity, real estate, and credit investments. The firm manages over $1.1 trillion in assets and partners with financial advisors to provide access to private markets, aiming to create strong businesses that deliver lasting value. Its main products, BREIT and BCRED, cater to income-focused investors, while the On-Demand Continuing Education Program helps educate investors on private market topics. Blackstone's goal is to identify economic trends and invest in industry-leading businesses to generate strong returns.

New York City, New YorkHeadquarters

1985Year Founded

$18,081.8MTotal Funding

UNKNOWNCompany Stage

Financial Services, Real Estate, EducationIndustries

5,001-10,000Employees

Risks

Increased competition in AI may lead to overvaluation and market saturation.

Potential regulatory scrutiny due to significant investments in diverse sectors.

Economic instability in Europe could impact returns from European investments.

Differentiation

Blackstone is a global leader in alternative asset management with $1.1 trillion AUM.

The firm specializes in private equity, real estate, and credit investments.

Blackstone partners with financial advisors to provide access to private markets.

Upsides

Blackstone's $300M investment in DDN shows a strategic pivot towards AI-driven growth sectors.

The €250M investment in Sia Partners expands Blackstone's footprint in AI consulting services.

Partnership with Jersey Mike’s indicates investment in established consumer brands with growth potential.

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