IT Strategic Sourcing Manager

4 weeks ago

Halifax, Canada MUFG Investor Services Full time

Company Description

MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

With a diverse and dynamic network of offices across the globe, MUFG Investor Services provides challenging and rewarding careers. We achieve this by offering continuous learning and development, collaborative team work environment, promotion of work-life integration, and exposure to a wide variety of work.

Imagine your future at MUFG Investor Services where you can grow professionally, in a diverse and inclusive workplace that rewards your contribution.

LI-Hybrid

**Job Description**:

- Understand and take ownership for contractual, commercial, and operational working relationships with vendors to ensure that contractual commitments are delivered across operations and business areas
- Responsibility for category spend focus which will include sourcing IT vendors, contract negotiations, performance, relationship, and procurement decisions
- Single point of contact to IT stakeholders and ensuring vendors delivering IT products or services
- Support business stakeholders and take responsibility for cost savings strategy (100+ vendors), categorization, and prioritization of vendor relationships, managing supply chain risks, contract maintenance, review of risk assessments
- Global lead to IT business management to manage and administer contracts for IT hardware and software spend. Work through subcategories, developing a strategy for vendor cost consolidation or reduction plan. Demonstrates a comprehensive understanding of business requirements and IT category ownership by creating and defending category strategies and decisions with analytics.
- Manage negotiations of IT contracts and ensure best practices to protects the company’s assets. Create transparent documents to manage and maintain IT contract inventory
- Establish, implement, enforce vendor guidelines, obligations and service levels agreements to the organization to ensure timely deliveries to orders/requests
- Research and make recommendations on software products and services in support of procurement and development efforts. Conduct benchmark studies as appropriate. Identify sourcing trends for continuous improvement
- Develop IT supplier score card to measure supplier performance against agreed upon key performance indicators; tracks compliance and support formal management reporting to director and other members of senior management
- Support creation of reports and review of vendor spend analytics, including trend reports
- Evaluates vendor performance for the preferred vendors within the IT category they oversee
- Participates in policy reviews for IT Procurement Services, support compliance to third party policy and procedures (vendor onboarding and outsourcing compliance)
- Work closely with legal counsel in ensuring contract execution is efficient and timely
- Handles invoice dispute escalation on IT contract commitments with vendors and liaise with Finance
- Support build of main vendor repository to ensure effective contract management and vendor relationships are maintained for strong backup coverage
- Join a vendor management team to support change efficiency projects and other various tasks

**Qualifications**:

- A bachelor’s degree is typically required, preferably in an analytical field (such as business, economics or finance)
- Knowledge of category management practices, experience in negotiating contracts/ agreements and strong vendor management skill
- Strong experience in project management and contract negotiation
- Experience developing presentations and presenting to management and other internal groups
- Strong Communications Skills, both Oral and Written, and be able to participate and/or lead meetings
- Must be able to evaluate and compare supplier quotes, bids and information and make a recommendation based on the findings. Will present these findings in summary and provide supporting documentation
- PC proficiency to include Excel, PowerPoint, PowerBI familiarity, Smartsheets a plus

Additional Information

At MUFG Investor Services, we are exceptionally proud of our approach to Hybrid Working. It enables the flexibility to thrive from wherever our employees work and, stay connected to their team and our culture. When we make Hybrid Working plans, we get to know the individual and pride ourselves in underpinning all our decisions with fairness and consistency.

MUFG Investor Services provides all of its employees with an extremely attractive compensation package. In addition to base salary, there is a group medical insurance scheme, group pension

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