Strategic Sourcing Analyst at Vanguard

Dublin, County Dublin, Ireland

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Ability to lead and prepare medium-to-high complexity strategic sourcing transactions, negotiations, and supplier selection (including competitive bidding) for products and services
Experience interfacing with other sourcing teams, business leaders, legal, and risk partners for each transaction
Capability to manage contracts and relationships for suppliers within categories including Technology (including AI), Marketing, Human Resources, Professional Services, and Facilities
Proficiency in communicating project status and issues regularly to stakeholders, including leaders and senior managers
Skill in ensuring the contracting team (Contract Advisory) receives documents in good order
Ability to ensure the Third-Party Risk Management (TPRM) team receives proper information about each transaction
Competence in communicating contract requirements, obligations, and risk exposures to key stakeholders
Expertise in ensuring proper closure of transactions including accurate data and proper handoff to the business lead and supplier
Proficiency in performing supply market data analysis, recommending suppliers, identifying industry trends, and aligning category strategies with overall business strategy
Experience leveraging data analytics and insights into category strategies aligned to business funding and forecasting
Knowledge of best practices and common obstacles based on prior experiences
Ability to prepare and present analysis, findings, potential solutions, and craft data into compelling stories with actionable insights
Skills in building and maintaining effective relationships, proactively fostering communication between internal and external stakeholders
Capability to drive engagements, resolve issues, involve stakeholders as needed, proactively identify, manage, and mitigate risks and issues
Proficiency in communicating solutions on key issues to management and stakeholders to obtain input and buy-in
Adherence to procurement processes

Responsibilities

Lead and prepare medium-to-high complexity strategic sourcing transactions, negotiations, and supplier selection (including competitive bidding) for products and services
Interface with other sourcing teams, business leaders, legal, and risk partners for each transaction
Manage contracts and relationships for suppliers within categories including Technology (including AI), Marketing, Human Resources, Professional Services, and Facilities
Communicate project status and issues regularly to stakeholders, including leaders and senior managers
Ensure the contracting team (Contract Advisory) receives documents in good order
Ensure the Third-Party Risk Management (TPRM) team receives proper information about each transaction
Communicate contract requirements, obligations, and risk exposures to key stakeholders
Ensure proper closure of transactions including accurate data and proper handoff to the business lead and supplier
Perform supply market data analysis and recommend suppliers to the business; identify and stay knowledgeable of industry trends; ensure category strategies align with overall business strategy
Leverage data analytics and insights into category strategies aligned to business funding and forecasting
Provide insight regarding best practices and common obstacles based on prior experiences
Prepare and present analysis, findings, and potential solutions; craft data into compelling stories with actionable insights
Build and maintain effective relationships; proactively foster communication between internal and external stakeholders
Drive engagements, resolve issues, and involve stakeholders as needed
Proactively identify, manage, and mitigate risks and related issues
Communicate solutions on key issues to management and stakeholders to obtain input and buy-in
Support, execute, and manage third-party supply and demand requests, including meeting regularly with key clients and suppliers, understanding strategic business needs, market suppliers' capabilities and roadmaps, collaborating on cost savings/reduction efforts with Financial Planning, and providing regular monthly reporting

Skills

Strategic Sourcing

Supplier Management

Risk Management

Cost Savings

Financial Planning

Reporting

Contract Management

Stakeholder Collaboration

Market Analysis

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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