Vanguard is seeking a Strategic Sourcing professional to support the Banking & Investment Services (BISi) category and drive value throughout the procurement lifecycle. The Strategic Sourcing Specialist is responsible for developing and executing sourcing strategies, leading supplier negotiations, and delivering measurable business outcomes through cost optimization, operational efficiencies, risk mitigation, and enhanced supplier performances. This role partners closely with business stakeholders, legal, risk, finance, and technology teams to lead the company's procurement initiatives. As a trusted advisor, the Strategic Sourcing Specialist leverages market intelligence, category expertise, and supplier insights to influence decision-making, optimize procurement outcomes, and strengthen stakeholder and supplier relationships across the organization.
Responsibilities:
- Serves as a subject matter expert in managing medium complexity strategic sourcing transactions, negotiations, and supplier selection for products and services. Manage relationships with suppliers within category. Executes category strategy to drive maximum value.
- When required, lead end-to-end competitive sourcing events (RFI/RFP/RFQ), including development of materials, supplier engagement, and cross-functional evaluation processes
- Analyze supplier proposals and market data to drive fact-based sourcing decisions and value optimization
- Negotiate commercial terms, pricing, service levels, and contracts to deliver cost savings and favorable business outcomes
- Support contract lifecycle activities, including contract drafting, redlining, and execution of renewals, amendments, or new projects.
- Collaborate with internal stakeholders (business teams, finance, IT, legal, risk) to translate requirements into sourcing strategies and aligned outcomes
- Act as a trusted advisor to stakeholders, providing insights on supplier capabilities, market trends, and sourcing approaches
- Facilitate cross-functional alignment throughout sourcing initiatives, ensuring transparency and informed decision-making
- Conduct supplier, spend, and market analysis to identify sourcing opportunities and recommendations
- Identify and implement opportunities for cost savings, efficiency improvements, and supplier consolidation
- Manage multiple sourcing initiatives simultaneously, ensuring timelines, deliverables, and stakeholder expectations are met
- Ensure sourcing and contracting activities comply with internal procurement policies, governance standards, and risk management requirements
- Participates in special projects and performs other duties as assigned
Qualifications:
- 5 years or more of experience in strategic sourcing, contract management, or a related business function.
- Undergraduate degree or equivalent combination of training and experience.
- Experience supporting or leading competitive sourcing events (RFI, RFP, RFQ) and supplier evaluations.
- Experience reviewing, negotiating, or administering supplier contracts and commercial terms.
- Strong analytical and problem-solving skills with the ability to evaluate supplier proposals, pricing models, and business requirements.
- Effective verbal and written communication skills with the ability to influence and collaborate across multiple stakeholder groups.
- Demonstrated ability to build relationships, communicate effectively with stakeholders at multiple levels of the organization, and navigate cross-functional decision-making processes.
- Strong organizational skills with the ability to manage multiple priorities and deadlines simultaneously.
- Proficiency in Microsoft Office applications, including Excel, PowerPoint, and Word.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.About Vanguard
At Vanguard, we don't just have a mission—we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
Skills Required
- 5 years or more of experience in strategic sourcing, supplier management, procurement, contract management, or a related business function
- Undergraduate degree or equivalent combination of training and experience
- Experience supporting or leading competitive sourcing events (RFI, RFP, RFQ) and supplier evaluations
- Experience reviewing, negotiating, or administering supplier contracts and commercial terms
- Strong analytical and problem-solving skills with ability to evaluate supplier proposals, pricing models, and business requirements
- Effective verbal and written communication skills with ability to influence and collaborate across multiple stakeholder groups
- Demonstrated ability to build relationships and navigate cross-functional decision-making processes
- Strong organizational skills with ability to manage multiple priorities and deadlines simultaneously
- Proficiency in Microsoft Office applications, including Excel, PowerPoint, and Word
Vanguard Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vanguard and has not been reviewed or approved by Vanguard.
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Retirement Support — Retirement support appears unusually strong through a 401(k) design that includes a match plus an additional employer contribution, which can materially lift long-term total rewards. HSA seeding and an enhanced employer match further strengthen the savings-and-benefits value of the package.
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Wellbeing & Lifestyle Benefits — Wellbeing and lifestyle support is reinforced by a sizable annual FlexFund stipend that can be applied across many day-to-day categories such as fitness, childcare, and other personal expenses. On-site or virtual clinics and fitness options add practical health and wellness convenience.
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Affordable Benefits — Healthcare and related benefits are positioned as comparatively affordable via heavily subsidized medical plans and broad coverage options. This affordability can offset moderate base pay for employees who place higher value on out-of-pocket cost reductions.
Vanguard Insights
What We Do
We are a community of 30 million who think – and feel – differently about investing. Together, we’re changing the way the world invests. Since our founding in 1975, helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and therefore no conflicting loyalties, we make every decision—like keeping investing costs as low as possible—with only your needs in mind. Vanguard is one of the world's largest investment companies, offering a large selection of high-quality low-cost mutual funds, ETFs, advice, and related services. Individual and institutional investors, financial professionals, and plan sponsors can benefit from the size, stability, and experience Vanguard offers. As of April 30, 2019, we managed more than $5.6 trillion in global assets. In addition, we have 189 funds in the United States and 225 funds in global markets. For Commenting Guidelines & Important information, visit here: http://vanguard.com/linkedin Vanguard Marketing Corporation, Distributor.
