Senior Procurement & Contract Negotiation Specialist

Permanent contract|Jersey City|Purchasing / Procurement

Senior Procurement & Contract Negotiation Specialist

Jersey City, United States Permanent contract Purchasing / Procurement

Responsibilities

This role for a Senior Procurement & Contract Negotiation Specialist is responsible for evaluating business requirements, leveraging the market place for best available financial and service offerings, as well as negotiation and execution of contracts.  They are responsible for the strategic management of the category and to anticipate the business needs both short term and long term.

The position requires a skilled, experienced sourcing professional with general knowledge of the Financial Industry, with an emphasis on IT Infrastructure related purchases (Telecom, Networking Equipment/ Services, Data Center Services, Server and Storage Equipment/Services and End User Equipment/Services) and other related services. Sound knowledge of contractual provisions and structure will be required, along with excellent negotiation and contract drafting skills.  Additionally, the individual is required to have strong communication and interpersonal skills.

The candidate for this role will primarily be managing the Infrastructure category of spend. They will, on a project by project basis, be required to address other categories dependent on aptitude and capabilities.

  • Strategic Management of Category related spends (Infrastructure) by analyzing the spend, business needs, market and leveraging for the benefit of the internal partners and the bank.
  • Manage various deals from a sourcing perspective with a sense of urgency and ability to prioritize
  • Ability to explain the sourcing process to business partners and enforce the policy and procedure.
  • Employ the sourcing process – collect and assess requirements from business partners, evaluate the market (possibly by an RFx process), negotiate and draft within the contract the business and legal terms favorable to SG (incorporate negotiated terms into the contract – redline), execute agreement etc…
  • Analyze SG Suppliers (Know Your Suppliers - KYS)
  • Support and deliver on Sourcing Group Savings Objectives and other general goals and objectives of the Sourcing Organization.

Profile required

Competencies

  • Must be aware of specific industry, legal and regulatory obligations as it relates to contractual provisions (i.e. new obligations surrounding data privacy, confidentiality, Third Party Risk Management etc…)
  • Excellent negotiation skills (includes both legal and business terms) and contractual aptitude with the ability to redline agreements.
  • Excellent oral and written communication skills (including presentation skills).
  • Influential with regards to Internal Stakeholders and External Suppliers
  • Must be a self-starter and able to operate independently in an aggressive environment.
  • Capable of analyzing the commodity of spend for savings opportunities and/or service improvement, develop actionable plans, solicit necessary stakeholder support, execute the plan through sourcing/negotiation.

Technical Skills

  • Proficiency with basic Office Applications, MS Excel, MS Word, MS PowerPoint, etc…
  • Experience with Procurement/Sourcing related applications

Prior Work Experience

  • Minimum of (5) years’ experience as a complete sourcing professional with category management experience
  • Experience sourcing other product/services other than Infrastructure related (i.e. Consulting Services, IT products/services(software/hardware), market data, broker dealer, exchanges, legal, office products, OSPs, Real-Estate, etc….)

Education

  • Business degree or other related experience

Language

  • English
  • Bi-lingual in French, a plus

Business insight

Societe Generale Americas’ Sourcing Department supports the overall goals of the Société Générale Global Sourcing Department in Paris. Our goal is the control and reduction of SG’s cost structure and mitigation of commercial and legal contractual risks within the United States.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000F6O
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2022/07/05
Publication date: 2022/05/18
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