Senior Sourcing Manager

6 days ago

Old Toronto, Ontario, Canada Thomson Reuters Full time

About the Role

Thomson Reuters is seeking a seasoned professional to lead our Technology Sourcing efforts. As a Senior Sourcing Manager, you will play a critical role in driving our corporate objectives by acquiring the right goods and services at best value and within an acceptable risk perimeter.

Key Responsibilities

  • Develop and execute category plans and sourcing strategies to deliver the IT strategy
  • Deliver key IT sourcing initiatives, achieving best value within acceptable risk
  • Contribute to the development of the annual pipeline of IT sourcing initiatives, integrating with the financial planning process
  • Draft, redline, and negotiate supplier contracts within Thomson Reuters's contracting standards and business objectives
  • Rationalize the number of IT suppliers and reduce fragmentation in the spend base to simplify the supplier landscape and drive commercial efficiency
  • Provide support and coaching to Sourcing Managers within the Technology Sourcing teams
  • Represent Global Services in governance forums with strategic IT suppliers to ensure contractual obligations are met, initiatives are performing against business case, and issues are resolved in a timely manner
  • Build and enhance relationships with strategic IT suppliers, vendor, and service delivery management teams to deliver high levels of service while maintaining best-in-class commercial terms and conditions

About You

You're a fit for this role if you have:

  • 5-10+ years of general sourcing experience
  • Significant experience of successful development and negotiation of IT sourcing agreements in excess of up to $25m value
  • Proven track record of delivering significant and sustainable cost reductions through effective implementation of a coherent IT sourcing strategy
  • Deep understanding of contract terms and contractual language; proven skills and experience in drafting/redlining contracts
  • Good (external and internal) relationship management and cross-functional leadership skills
  • Experienced sourcing practitioner, understanding of best-practice sourcing methodology, and a demonstrated track record of working ethically to achieve excellent outcomes
  • Experience of contracting for agile application development services and managed application services
  • Experience of leading negotiations with major global ADM and outsourcing partners, as well as other key technology suppliers
  • Knowledge of the sourcing marketplace and trends in the industry, including the ability to assess the impact of change in the context of the sourcing strategy
  • Expert analytics and ability to develop coherent and high-quality sourcing collateral, including business case, contract summaries, and RFx materials
  • Experience of building strong relationships with senior IT and business executives
  • Bachelor's degree or equivalent experience

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