Senior Associate, Sourcing and Procurement

Business Unit:Global Sourcing & Corporate Services

Reporting To:Senior Manager, Sourcing and Procurement

Shift:EMEA (1:30 pm – 10:30 pm IST) (India)About Russell Investments, Mumbai: 

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 88-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has over $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024). Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.

Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.

Job Description:

We are seeking an experienced Sourcing and Procurement professional to join our expanding Global Sourcing and Procurement (GSP) team. Do you excel in leading strategic sourcing projects, performing data analysis, and negotiating various agreements across multiple spend categories? Are you looking for a great opportunity to raise the bar and expand your skill set in different Sourcing and Procurement areas? Are you passionate about developing, driving, and executing strategic sourcing strategies?

Years of Experience

5 years of experience in procurement with a strong focus on technology procurement

Qualifications

• Bachelor’s degree preferred in Business, Information Systems (or MIS), Economics, Finance, Legal, Supply Chain Management. Four additional years of relevant experience may be considered in lieu of a degree.
• Certified Professional in Supply Management (CPSM), Certified Purchase Manager (C.P.M.) or equivalent certification (preferred)

Responsibilities

• Support Senior Sourcing and Procurement managers in executing strategic sourcing plans across multiple stakeholder groups with a strong emphasis on IT business unit, services including professional and implementation services, infrastructure hardware, and telecom (wireless and wireline), etc.
• Identify sourcing opportunities to reduce costs, increase services and manage company risk.
• Conduct research and benchmarking; collaborate across different teams to provide subject matter expertise related to the specific contractual spend or based on the assigned category spend.
• Support supplier selection process by preparing and running RFx.
• Draft and negotiate assigned contracts up to final authorization under the direction provided by Senior Sourcing and Procurement managers.
• Ensure compliance with procurement policies, standards, and guidelines.
• Manage the assigned contracts and suppliers in close partnership with the stakeholders.
• Continuously drive to improve program quality, budget adherence, and successful outcomes.
• Support Senior Sourcing and Procurement managers in the end-to-end category strategy mapping and defining an improvement plan for the near, mid, and long term to meet and exceed savings goals.
• Act as subject matter expert in relation to the assigned contracts, drive process improvement, P2P process, and dispute resolution for suppliers under management.

Candidate Requirements

• Excellent analytical, presentation, communication, interpersonal and influencing skills.
• Action-oriented and solution-minded team player with a high degree of self-management.
• Focus on process orientation and have excellent attention to detail.
• Experience with support applications like Contract Lifecycle Management (CLM), Spend Analytics and Procure-to-Pay (P2P) and Source-to-Pay (S2P)
• Logical reasoning, analytical and problem-solving skills/methodology
• Able to work independently and as a member of a team.
• Able to balance and prioritize multiple high-priority projects.
• Proficiency with Microsoft applications: Word, Excel, PowerPoint required.

Core Values

• Strong interpersonal, oral, and written communication and collaboration skills with all levels of management
• Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,
• Demonstrated a proactive approach to problem-solving with strong judgment and decision-making capability.
• Highly resourceful and collaborative team player, with the ability to also be independently effective and exude initiative and a sense of urgency.
• Exemplifies our customer-focused, action-oriented, results-driven culture.
• Forward-looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
• Ability to act with discretion and maintain complete confidentiality.
• Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigour.