IT & Software Procurement & Sourcing Manager, VP

We are seeking a strategic and experienced VP of Software Sourcing to join State Street’s Global Procurement Team. This role is pivotal in managing the end-to-end procurement process for software and cloud engagements, driving cost savings, and fostering strong vendor relationships.

About the role

The VP of Software Sourcing will play a critical role in the success of our organization, supporting global, regional, and local category sourcing strategies while collaborating with IT vendors worldwide. You will help build resilience, execute day-to-day deliverables, and deliver cutting-edge, scalable solutions that align with our financial objectives.

Based in State Street’s John Adams Building in Quincy, Boston, you will engage with stakeholders across our Boston locations, employing a white-glove approach for senior leadership when needed.

Responsibilities

• Perform direct negotiations and manage large, complex software and cloud agreements.
• Identify and deliver cost-saving opportunities through stakeholder engagement and data analysis.
• Draft and negotiate Master License and Cloud agreements with support from Legal.
• Negotiate IT security schedules in collaboration with IT Security and Legal subject matter experts.
• Develop and maintain strong stakeholder relationships across Boston locations.
• Build and nurture vendor relationships with key Infrastructure, Cyber Security, and other critical vendors.
• Identify risks and opportunities tied to financial objectives, working with process partners to mitigate risks and capitalize on opportunities.
• Contribute significantly to P&L and cost avoidance savings for the team.
• Analyze data to uncover opportunities for reducing the existing cost base.
• Coordinate, prepare, and manage RFx/competitive bids to optimize cost and service.
• Ensure all duties comply with prescribed regulatory compliance guidelines.
• Quickly learn State Street’s end-to-end procurement process to drive savings and deliver results.

Requirements

• 10+ years of strategic sourcing experience in IT-related spend, with demonstrable expertise in cloud software.
• Strong understanding of global IT vendors and their ecosystems.
• Proven track record of delivering P&L savings projects.
• Exceptional commercial skills with a focus on delivering cost-effective outcomes.
• Top-tier negotiation skills and the ability to influence cross-functionally.
• Familiarity with best-in-class procurement, risk management, Information Security, and payable processes.
• Ability to work independently and within a team while managing multiple priorities.
• Strong strategic thinking and problem-solving skills with keen attention to detail.
• Personal resilience to thrive in a fast-paced, ambiguous environment.
• Excellent written and verbal communication skills.
• Diplomatic stakeholder management in challenging situations.
• Strong presentation skills and a meticulous eye for detail.

Pay

Salary range: $110,000 - $181,250 annually. The range applies to the primary location specified; if the role is based outside this location, the applicable range may differ.

Benefits

• Retirement savings plan (401K) with company match.
• Comprehensive insurance coverage, including medical, dental, vision, basic life, and long-term disability, with optional additional coverages.
• Paid-time off, including vacation, sick leave, short-term disability, and family care responsibilities.
• Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards (excluding certain sales roles).
• Eligibility for tax-advantaged savings plans.
• Paid volunteer days and access to vibrant employee networks.