Associate, Procurement & Sourcing - IT Category

About this role

Business Unit Overview:

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 technology professional in sourcing/procurement to support the deal life cycle for some or all of the following subcategories: software as a service (SaaS), telecommunications, cloud infrastructure, bespoke application development & APIs, IT consulting, information security, and other IT procurement-related initiatives on behalf of the Firm.

Principal duties include:

• Assist in the development of 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).
• Knowledge of commercial and legal contract terms (e.g. liability, indemnification)
• Partnering 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

Experience and competencies required:

• At least 2 to 3 years of strategic sourcing experience in IT services related contracts
• Depth in negotiating global contracts with the ability to understand legal terms and software licensing conditions while negotiating fees, SLA’s and articulating deliverables.
• 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 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.
• Ability to meet tight time schedules
• Flexibility in approach to working hours to meet business needs

Education Requirements:

• Bachelor’s Degree or advanced degree

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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, race, religion, sex, sexual orientation and other protected characteristics at law.