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Job Description
Description
About this role
BlackRock Finance consists of finance professionals in disciplines such as Financial Planning & Analysis, Treasury, Tax, Finance Controls, Sourcing and Vendor Management (“SVM”), Finance Platform Support and Controllers. SVM is a global team, with team members primarily based in New York, Gurgaon, Budapest and London. SVM aims to be trusted strategic sourcing advisors enabling BlackRock to achieve more value. The SVM team helps negotiate agreements with vendors to help achieve optimum value, identify and mitigate vendor risks and provides strategic advice to our clients. The SVM team aims to avoid certain costs and deliver cost reductions, deliver reliable analytical data for improved decision making, and enable a socially responsible and diverse supplier base.
Background
SVM seeks a supply chain professional in sourcing/procurement to support the deal life cycle for technology and non-IT procurement-related initiatives on behalf of the Firm. Candidates with experience and technical depth related to negotiating and managing enterprise agreements with major or emerging hardware, software, professional services, and human resources suppliers are encouraged to apply.
Principal Duties Include
- Assist in the development of global strategic sourcing opportunities through competitive bidding, proof-of-concept, demand management, supplier consolidation, and process reengineering.
- Ownership of the full strategic sourcing cycle, including vendor identification and selection, price negotiation, and contract “red-lining” (i.e. contract drafting and editing).
- Assess commercial and legal contract terms.
- Partner with Category Leads, Third Party Risk, and Legal teams around the world in the negotiation of: Master Services Agreements, Master Hosted Services Agreements, Statements of Work, Novation Agreements, Service Level Agreements, and Amendments.
- Think and act globally to collaborate effectively on a cross-functional basis. Align the business unit, local, regional and global organization to maximize achievement of sourcing objectives and continuity of supply to position sourcing as a competitive advantage for BlackRock.
- Support the Category Manager ensuring the value of engaging SVM is understood by key internal stakeholders – such as championing the benefits of best-in-class strategic sourcing principles and practices and the importance of appropriate supplier relationships to ensure sustainability.
- Support a robust pipeline of sourcing projects in parallel with broader strategic projects.
- Develop market research and benchmarking of suppliers and related service categories.
- At least 2 to 3 years of strategic sourcing experience at a consulting firm, technology organization, or financial services firm.
- Depth in negotiating global contracts with the ability to understand legal terms and software licensing conditions while negotiating fees, SLA’s and articulating deliverables.
- A passion for the technology sector, including a comprehensive understanding of IT market drivers, trends, and dynamics is a plus.
- Relevant experience in drafting and redlining contracts.
- Sufficient data analysis and financial modelling skills so as to build multiple negotiation scenarios, total cost of ownership models, consumption models, and demand forecasts, etc.
- Strong MS Office skills; particularly Word and Excel (including knowledge of data analysis functions and macros).
- Knowledge of Python and/or MATLAB is a plus.
- Familiarity with P2P system such as Coupa, Ariba, SAP desired.
- Reporting tools such as Tableau, Microsoft Power BI, SharePoint desired.
- Strong written and spoken English language essential. Additional languages are a plus.
- Superior analytical skills- able to demonstrate superior quantitative and analytical capabilities, and the ability to translate analysis into tactics and results
- Strong communication skills and able to influence others through oral and written presentations. Successful candidates are able to create a clear, well-structured presentations.
- Negotiation skills –comfortable representing BlackRock’s interests in interactions with vendors and other counter parties.
- Excellent attention to detail
- Ability to recognize and resolve problems
- Customer oriented
- Able to develop and maintain strong working relationships with internal stakeholders and vendors
- Able to influence others through direct discussion or in written format
- Ability to meet tight time schedules
- Willingness to handle repetitious assignments
- Flexibility in approach to working hours to meet business needs
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- Bachelor’s Degree, with preferences for Supply Chain Management, Computer Science, Engineering, Entrepreneurship, Management Information Systems, Data Science, Business Analytics, Economics, Innovation Management, Technology Management, Operations Research, Legal Studies, or Paralegal Studies.
- Advanced degrees in Business, IT (CS, MIS, etc), Law, or Mathematics or related areas are also preferred.
Our Benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
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About Company
In the dynamic world of finance, BlackRock stands out as a beacon for those looking to carve out a career at the intersection of finance and technology. BlackRock's career opportunities are designed to attract, develop, and retain the most talented individuals across various disciplines. This blog post aims to shed light on what working at BlackRock entails and how the company's culture and values shape its workforce.
Embracing Technology and Innovation
At the core of BlackRock's operations is a deep commitment to technological innovation. The company views its technology sector as crucial to reimagining and reinventing business processes. This commitment is evident in how BlackRock careers are structured, especially in technology roles. The company is on a constant quest to solve the world's most complex financial challenges, offering a unique platform for tech-savvy professionals who want to make a significant impact.
A Culture of Inclusion and Sustainability
BlackRock's approach to building a better, fairer society begins within its own walls. The firm is dedicated to fostering a workplace where diversity, equity, and inclusion are more than just buzzwords; they are integral to the company's ethos. BlackRock careers are enriched by this focus on creating an environment where everyone has a voice and can succeed. Furthermore, the company's sustainability initiatives, such as investing in decarbonization and enabling climate action, reflect its commitment to making prosperity achievable for more people and the planet.
Diverse Career Pathways
Offering a wide array of functions, from Legal & Compliance to Sales & Relationship Management and beyond, BlackRock careers cater to a broad spectrum of talents and career aspirations. The company emphasizes the value of diverse backgrounds and experiences, ensuring that its workforce can tackle challenges from multiple perspectives. For those interested in technology, BlackRock is described as a place where finance meets tech, offering an exhilarating opportunity to be at the forefront of financial technology.
Opportunities for Growth and Development
BlackRock doesn't just offer jobs; it offers careers that are designed to grow with you. Whether you're interested in Analytics & Risk, Business Operations, or Technology, BlackRock has a place for you. The firm's investment in training and development ensures that every employee has the opportunity to learn new skills and explore different facets of the financial world. BlackRock's commitment to its employees' growth is a testament to its belief in nurturing talent from within.
For those looking to embark on a rewarding career path, BlackRock offers a global platform to innovate, impact, and contribute to a sustainable financial future. The diverse range of BlackRock careers provides a unique opportunity to work alongside some of the brightest minds in the industry, all while being part of a company that is deeply committed to positive societal change. Whether you're at the beginning of your career or looking to take the next big step, BlackRock might just be the place where your aspirations align with impactful work.
To explore more about BlackRock and the career opportunities it offers, visiting the BlackRock career page is a great start. There, you'll find detailed information about available roles, the company's culture, and how to apply, giving you a comprehensive view of what a future at BlackRock could look like.
Important dates & deadlines?
Application Deadline
23 Jul 24, 11:57 AM IST
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Analyst, Procurement And Sourcing
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