Senior Sourcing Specialist

Permanent contract|Jersey City|Innovation / Project / Organization

Senior Sourcing Specialist

Jersey City, United States Permanent contract Innovation / Project / Organization

Responsibilities

Department Summary:

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. 

This role for a Senior Sourcing 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 Human Resource related purchases (Training, Benefits, Recruitment, Temporary Staffing, Payroll) 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 Human Resources category of spend. They will, on a project by project basis, be required to address other categories dependent on aptitude and capabilities.

Sourcing Management (Responsibility):

  • Strategic Management of Category related spends (primarily Human Resources) 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 business and legal terms favorable to SG (incorporate/draft 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 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 Human Resource 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

Employees should understand the institution’s approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework.

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate.

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: 21000T0O
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/11/22
Publication date: 2021/09/28
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