About the OpportunityJob Type: Permanent Application Deadline: 18 December 2023
Title Senior Sourcing Manager - Marketing
Department Global Procurement
Reports To Head of Non-Technology Sourcing
Level Grade 6
We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our [insert name of team/ business area] team and feel like you're part of something bigger.
Our Global Procurement function consists of teams from around the globe. Its staff of approximately 120 are based across UK, India, Continental Europe, and Asia Pacific manage $800m of spend in 26 countries. The Global Sourcing team partner with business functions, acting as trusted advisors to support the business in delivering against its strategic targets while creating P&L impacting savings and managing supply chain risk risk.
About your role
The Senior Sourcing Manager for Marketing seeks to deliver category management in all areas of Marketing across the globe. Working in partnership with key stakeholders to create and deliver category strategies which reduce costs, lower supply chain risk/ complexity and deliver operational efficiencies.
- Ownership of development and execution of our global Marketing category strategy;
- Identification of key business stakeholders, and, utilising your excellent communication and influencing skills, develop a business partnering model to help forecast future demand, influence decision making and build effective Procurement engagement as a trusted advisor;
- Leading demand challenge and driving innovation, i.e. establishing long range plans, assessing opportunities and leveraging market developments/industry best practises to drive efficiencies and global cost savings;
- Driving procurement processes and taking responsibility for leading contract and service level agreement (SLA) negotiations. ensuring clear accountabilities, timelines and deliverables are established;
- Proactively managing new suppliers, services and service extensions in conjunction with business sponsors and other stakeholders to maximise the benefits sought, e.g. financial, operational, risk mitigation etc.;
- Ensuring accurate and up to date contracts and supplier records are maintained, and commercially sensitive information is managed in line with Fidelity's information security standards;
- Keeping internal stakeholders informed of Procurement activities and their progress through collaborative working and pro-active communication. Establishing an engagement process & maintaining awareness with/alerting stakeholders of potential future Procurement activity;
- Maintaining awareness of leverage opportunities with other Fidelity Procurement teams globally;
- Undertaking supplier and contract management activities, including: facilitating the setup and engaging in / providing oversight of key supplier governance arrangements; managing contractual processes & formal contract changes; supplier benchmarking & financial/risk assessment reviews;
- Maintaining awareness of industry developments and best practises. Keeping abreast of potential new supply arrangements, latest products/services from a procurement perspective to prompt and promote innovation in FIL;
- Experience developing and implementing category strategies in a multinational company environment;
- Strong market knowledge and evidence of utilising that knowledge to make changes to procurement plans and business decisions;
- Extensive experience of leading concurrent procurement initiatives, contract negotiations, and the management of supply relationships across a range of procurement categories in a global services organisation;
- Achieving results through working with senior business managers and procurement specialists embedded in regional business functions around the globe;
- Experience of resolving disputes and an understanding of commercial contract law concepts;
- Strong team working skills, and the ability to operate across teams, cultural and organisational boundaries
- Experience of working in an ambiguous environment;
- Ability to multitask and prioritise workload with a strong attention to detail and stakeholder management;
- Excellent communication skills both written and verbal, and ability to visualise, articulate ideas and concepts succinctly;
- Business aware and customer focused;
- Demonstratation of broad understanding of financial management principles (e.g. TCO, P&L etc);
- Understanding of quantitative and qualitative information to ensure procurement outcomes are both financially and qualitatively sound;
- CIPS or equivalent qualification/experience.
For starters, we'll offer you a comprehensive benefits package. We'll value your wellbeing and support your development. And we'll be as flexible as we can about where and when you work - finding a balance that works for all of us. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.