Category Lead and Senior Sourcing Manager

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.

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Job Description

The Department

The Global Procurement team is responsible for global 3rd party spend across the spectrum of goods and services acquired by the company. This includes Information Technology, Marketing, Facilities Services, Investment Services, Marketing Services, Professional Services and Financial Technology/Market Data.

Your Role

As the Category Lead and Senior Sourcing Manager for Investment Services and Platforms, you will be responsible for leading and managing the global sourcing and category strategies to achieve optimal cost savings, quality, and efficiency in this category. Invesco’s Investment Services & Platforms category includes outsourcing administrative services, transfer agency, custodians, trading, real estate and the technology systems and third-party data to support these areas across the investment enterprise. You will collaborate with cross-functional teams, suppliers, and stakeholders to drive continuous improvement and deliver exceptional results.

You will be responsible for:

• Developing and implementing sourcing and category strategies aligned with Invesco’s strategy and objectives

• Maintaining full sourcing pipeline for the category, proactively addressing cost impacts and pursuing mitigation and savings strategies

• Collaborating with internal stakeholders across functions and business lines to understand their requirements and develop category strategies aligned to requirements, growth and cost profile.

• Driving supplier relationship management initiatives, fostering strong partnerships and continuous improvement for key supplier relationships in the category

• Monitoring and evaluating supplier performance, implementing corrective actions when necessary to ensure compliance with quality, delivery, and service level agreements.

• Driving the key material sourcing events in the category (RFx, renewals, sole source negotiations) along with contract negotiations.

• Challenging new, material supplier requests within the category, working with the business on the optimal solution

• Conducting market research and analysis to identify trends, opportunities, and risks in the sourcing and category landscape (i.e. Porter’s Five Forces, Gartner, Hackett, etc)

• Staying updated on industry best practices, emerging technologies, and market trends to drive innovation and efficiency in the procurement process.

• Monitoring and reporting on key performance indicators for the category, providing regular updates to senior management on category performance and achievements.

The experience you bring:

• Bachelor's degree in Business Administration, Supply Chain Management, Computer Science or a related field. Master's degree desirable.

• Minimum 5 years of experience in procurement, strategic sourcing, and category management, and technology preferably in financial services. Will consider 10 years relevant business experience in the Investment Services category area.

• Strong knowledge of procurement best practices, market trends, and supplier management.

• Excellent negotiation, contract management, and supplier relationship management skills.

• Exceptional analytical and problem-solving skills, with the ability to make data-driven decisions.

• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and stakeholders.

• Strong project management skills, with the ability to prioritize and manage multiple projects simultaneously.

• Proficiency in procurement software and tools.

• Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are a plus.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

YesWorkplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office. 

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.