Strategic Sourcing Analyst, Specialist at Vanguard

Hyderabad, Telangana, India

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Investment Management, Financial ServicesIndustries

Requirements

Expertise in managing high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services
Knowledge of category strategies across Technology, Human Resources, Professional Services, and Facilities
Proficiency in supply market data analysis and industry trends
Skills in data analytics and insights for aligning sourcing strategies with business forecasting and priorities
Ability to prepare strategic analysis and present actionable recommendations to leadership
Experience driving engagements, resolving escalated and complex issues, and managing project-related risks
Capability to interpret and communicate contract requirements, obligations, and risk exposures
Knowledge of procurement policies, procedures, fair business practices, competitive bidding, and contracting
Familiarity with supplier and contract management systems and databases
Ability to establish supplier relationship management processes, continuous improvement goals/programs, and governance frameworks

Responsibilities

Serves as a subject matter expert in managing high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services
Manages relationships for suppliers within category and executes category strategy to drive maximum value, including contracts across categories such as Technology, Human Resources, Professional Services, and Facilities
Performs supply market data analysis and recommends suppliers and vendors to the business
Identifies industry trends and category strategies to recommend linkages to business needs and coaches team members on supply and market analysis
Leverages data analytics and insights to align sourcing strategies with business forecasting and priorities; prepares strategic analysis and presents actionable recommendations to leadership
Drives engagements, resolves escalated and complex issues, involves stakeholders as needed, and interfaces with sourcing operations teams, business leaders, legal & risk partners for each transaction
Proactively identifies, manages, and mitigates project-related risks and communicates solutions to stakeholders for input and buy-in
Interprets and communicates contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business leaders
Performs regular performance monitoring and reviews of key suppliers; partners with Legal, Risk, and other groups (e.g., Privacy, InfoSec, Compliance) to incorporate regulatory requirements and risk mitigation strategies
Champions sourcing process compliance, educates key stakeholders about commercial, legal, policy and other considerations in support of the negotiation process
Leads and supports adherence to procurement policies and procedures, and champions application of fair business practices across competitive bidding, contracting, and supplier management
Ensures supplier and contract data is submitted or entered into the management systems and databases; ensures full lifecycle contract management and proper closure of transactions, including handoffs to purchasing and payables, and compliance with payment terms and documentation
Participates in special projects and performs other duties as assigned, including supporting internal audit requests, onboarding/offboarding suppliers, and managing transitional supplier projects
Establishes supplier relationship management processes and continuous improvement goals/programs; sets up and agrees on governance frameworks for ongoing supplier relationships

Skills

Key technologies and capabilities for this role

Strategic SourcingSupplier ManagementContract NegotiationVendor SelectionMarket AnalysisCategory ManagementProcurementStakeholder ManagementCost SavingsReporting

Questions & Answers

Common questions about this position

What is the employment type for this Strategic Sourcing Analyst role?

The position is full-time.

Is this role remote or based in a specific location?

This information is not specified in the job description.

What key skills are required for the Strategic Sourcing Analyst position?

The role requires expertise in strategic sourcing transactions, negotiations, supplier selection and management, supply market data analysis, data analytics, and risk management.

What is the company culture like at Vanguard's India office?

Vanguard is committed to establishing an enduring technology center in Hyderabad, Telangana, focusing on AI, mobile, and cloud-based technologies to drive business outcomes and deliver world-class client experiences.

What makes a strong candidate for this sourcing analyst role?

Strong candidates will have subject matter expertise in high-complexity strategic sourcing, experience managing supplier relationships across categories like Technology and HR, proficiency in data analytics, and the ability to present recommendations to leadership.

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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