Job Description

Key responsibilities of the role: Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. Lead the development, maintenance and enhancement of core financial and data tools for the catego

Key responsibilities of the role: Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. Lead the development, maintenance and enhancement of core financial and data tools for the category. (80%) Rate Card tool Supplier capabilities tool & refresh Contingent Labour reporting Build Business Tower Procurement dashboards - spend, resources, suppliers SOW renewal monthly reporting across LSEG Develop reports for SOW PR/PO in Oracle and Ariba ERP tools Maintain and update the above quarterly Support Category Leads or Category Managers with SRM activities, manage allocated supplier relationships (10%) Support sourcing activities across the wider team (Category Leads or Category Managers in other categories), as required depending on workload (10%) Manage the PR/PO pipeline for the assigned Category of spend Review pipeline and Purchase Requisition queue and liaise with the Category Lead and relevant Category Managers Ensure purchase requests meet required standards - i.e. approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers Ensure Category managers are kept informed Keep abreast of market and industry developments. Able to make recommendations on alternate sources of supply to inform specifications Engage with key stakeholders across the business and key functions such as Legal, Finance and HR to progress queries and act as a point of procurement contact, with support from the Category Lead and other Category Managers Engage with budget-owners to obtain key information and explain procurement processes in line with agreed process and procedures. Deal with stakeholder queries escalating as appropriate Engage with key functions to obtain information and complete necessary actions such as supplier segmentation form Information technology Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics) Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies Assess the value added by IT systems to resources employed (e.g. assess benefits of new sourcing solutions), support the design, implementation and management of procurement systems Contract management Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Lead. Monitor contract performance and able to identify when corrective action needed Manage the aging of contracts, liaising with Category managers as to the need for renewals, replacement or variations Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders. Escalate when appropriate Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements The essential experience and skills required: 3-year experience in data analytics, data modelling of procurement information Commercially minded and proficient negotiator Ability to liaise with and manage suppliers Ability to assess, prioritise workload and meet deadlines Strong IT skills (Office programs especially, Procurement systems desirable), ability to provide management information to assist sourcing and contract management process Ability to build relationships, influence and act as an expert across the organisation up to senior management level General analytical, problem solving, and decision-making skills Pro-active behaviour that demonstrates initiative and positive work ethic to ensure activities are delivered to the required time, budget and quality Maximise opportunities, i.e. challenges ways of working, adopts Group practices, seeks and provides information and clarification Teamwork - ability to work with other category teams, both a local and an off-shore to deliver services to stakeholders Strong communication skills (written and verbal) Educated to degree level Experience of software tools: Power BI - 3 years Excel - 3 years Desirable Procurement / supply operation qualification, e.g. MCIPS or IAACM, or working towards the qualification Experience of procurement in a Financial Services Regulated Environment, Information Services Companies FinTechs Global, multi-country organisations preferred Oracle & SAP ERP systems At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities. Our open culture is central to how we deliver our purpose - driving financial stability, empowering economies and enabling customers to create sustainable growth - in everything we do. Working with us means that you will be part of a dynamic organisation of 25,000 people across 70 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity. LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives. We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Please take a moment to read this carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it's used for, and how it's obtained, . If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.