Procurement & Sourcing - Software, 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 you will join 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 support from Legal.
- 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 in the Quincy office.
- Identify risks and opportunities related to financial objectives and work with process partners to mitigate risks.
- Contribute to P&L and cost avoidance savings for the team.
- Analyze data to identify opportunities to reduce 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.
- Strategic thinker and problem solver with strong attention to detail.
- 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.
Benefits
- Retirement savings plan (401K) with company match.
- Comprehensive insurance coverage, including medical, dental, vision, life, and long-term disability.
- 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.
- Eligibility for tax-advantaged savings plans.
For a full overview, visit State Street’s benefits portal.
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.