IT & Software Procurement & Sourcing Manager, VP

About the Role

We are seeking a VP of Software Sourcing to join State Street’s Global Procurement Team. This role is responsible for the preparation, analysis, negotiation, and finalization of the end-to-end procurement process for software and cloud engagements. You will support global, regional, and local category sourcing strategies while working with our global IT vendors.

The team plays a critical role in the organization’s success, helping institutional investors manage risk, respond to challenges, and drive performance and profitability. In this role, you will contribute to cutting-edge, scalable solutions while building resilience and executing day-to-day deliverables.

Responsibilities

• Perform direct negotiations and manage large, complex agreements.
• Identify and deliver savings opportunities through stakeholder engagement and data analysis.
• Draft and negotiate Master License and Cloud agreements with Legal support.
• Negotiate IT security schedules with IT Security and Legal subject matter experts.
• Develop stakeholder relationships across Boston locations, including senior leadership, using a white-glove approach.
• Build vendor relationships with key Infrastructure, Cyber Security, and other critical vendors.
• Identify risks and opportunities related to financial objectives; collaborate with process partners to mitigate risks and realize opportunities.
• Contribute significantly to P&L and cost avoidance savings for the team.
• Analyze data to identify opportunities for reducing the existing cost base.
• Coordinate, prepare, and manage RFx/competitive bids to optimize cost and service.
• Perform all duties in accordance with regulatory compliance guidelines.
• Quickly learn State Street’s end-to-end process to achieve savings and delivery results.

Requirements

• 10+ years of strategic sourcing experience in IT-related spend, with expertise in cloud software.
• Strong understanding of global IT vendors and their offerings.
• Proven track record of delivering P&L savings projects.
• Strong commercial skills to deliver cost-effective outcomes.
• Top-level negotiation skills with the ability to influence cross-functionally.
• Understanding of best-in-class procurement, risk, 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 attention to detail.
• Personal resilience to thrive in a fast-paced, ambiguous environment.
• Excellent written and verbal communication skills.
• Ability to manage challenging stakeholders diplomatically.
• Strong presentation skills and a keen 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, long-term disability, and optional additional coverages.
• Paid-time off, including vacation, sick leave, short-term disability, and family care responsibilities.
• Access to an Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards (excluding certain sales roles).
• Eligibility for tax-advantaged savings plans.

For a full overview, visit State Street’s benefits portal.