Sourcing Manager - Market Data
Are you looking for a career move that will place you in a global financial organization? By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress
Team/Role Overview
Join our expanding Citi Global Market Data Sourcing team in Budapest and make your own progress in a supportive and friendly environment! Citi Global Sourcing (CGS) organization supports the end-to-end supplier lifecycle process, from supplier risk assessment, through competitive bidding and selection to contracting and payment. The CGS organization’s purpose is to ensure we manage our supply chain in an efficient and standardized manner through all stages of the supplier lifecycle, leveraging Citi’s scale to optimize the supply chain while ensuring rigorous control.
What you’ll do
- The Sourcing Manager is required to conduct end-to-end sourcing, contract management activities for various stakeholders across all regions for Market Data service.
- Liaise with the sourcing managers within the Market Data Sourcing team and Business Expense Transparency team any time necessary and follow the Market Data category strategy
- Conduct stakeholder meetings to understand project requirements and undertake in depth analysis of current spend. Participate in the development of accurate and timely plans to deliver supplier cost reduction and avoidance opportunities, maintaining strong supplier and internal client relationships.
- Apply appropriate sourcing levers to programmes, such benchmarking, tendering, process improvement, volume leverage, supplier consolidation and products/service substitution/elimination to reduce cost and provide service improvements in the timely fulfilment of business needs.
- Understand supplier market dynamics for business requirements and manage suppliers and business clients during sourcing process.
- Conduct supplier commercial and contract language negotiations
- Guide business through Citi Third Party Management process and coordinate all procedural requirements including Citi’s approved supplier program, supplier diversity, contract management system, procure-to -pay system. Understand and follow all audit and compliance requirements.
What we’ll need from you
- Minimum 3 years employment in multinational / shared services environment OR 5 years regardless the field
- Experience in dealing with stakeholder both internal and external.
- Familiarity with Market Data Products/Services and Suppliers
- Experience with AI tools
- Bachelor’s degree/University degree or equivalent experience
- Strong sourcing, contract negotiation and vendor management experience
- Fluent written and spoken English
- Advance communication skills – able to use various communication channels, shape their message in appropriate manner for various audiences including stakeholders.
- Proactivity. Decision-making and problem-solving skills
What we can offer you
By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:
- Cafeteria Program
- Home Office Allowance (for colleagues working in hybrid work models)
- Paid Parental Leave Program (maternity and paternity leave)
- Private Medical Care Program and onsite medical rooms at our offices
- Pension Plan Contribution to voluntary pension fund
- Group Life Insurance
- Employee Assistance Program
- Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
- Flexible work arrangements to support you in managing work - life balance
- Career progression opportunities across geographies and business lines.
- Socially active employee communities with diverse networking opportunities
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
#LI-SM9
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Job Family Group: Corporate Services------------------------------------------------------
Job Family:Supply Chain------------------------------------------------------
Time Type:Full time------------------------------------------------------
Primary Location Full Time Salary Range:Ft10,627,270.00 - Ft17,818,330.00------------------------------------------------------
Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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This job opening is for an existing job vacancy.
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
Skills Required
- Minimum 3 years employment in multinational/shared services environment OR 5 years regardless of the field
- Experience in dealing with stakeholders both internal and external
- Familiarity with Market Data Products/Services and Suppliers
- Experience with AI tools
- Bachelor's degree/University degree or equivalent experience
- Strong sourcing, contract negotiation and vendor management experience
- Fluent written and spoken English
- Advance communication skills
- Proactivity. Decision-making and problem-solving skills
Citi Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
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Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
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Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.
Citi Insights
What We Do
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.
