Global Procurement - Technology Sourcing Manager - Vice President

Company: myGwork
Location: Miami
Posted on: January 26, 2023

Job Description:

Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn , Twitter , and Instagram .

Business Unit:
Enterprise Operations - Global Procurement
Business Description:
Blackstone Technology & Innovations (BXTI) is the technology team at the core of each of Blackstone's businesses and new growth initiatives. Serving both internal and external clients, the BXTI team works closely with our business partners to build the next generation of systems that manage risk, create efficiency and improve transparency within the firm and across our broad community of investors and portfolio companies.
BXTI is nimble and entrepreneurial - our open, iterative design processes and rapid pace of development means that everyone on the team has the opportunity to make an impact from day one. We are problem solvers who can take projects from idea to implementation. We believe in active mentoring and developing excellence. We collaborate to find the best answers for our customers and for Blackstone. We are critical to the firm maintaining its competitive edge.
Job Title:
Technology Sourcing Manager - Vice President
Job Description:
Blackstone's Global Procurement department seeks a highly motivated, intelligent, pragmatic, self-starter with excellent communication skills to manage and provide hands-on skills to review, negotiate, manage and close various technology and managed service agreements, statements of work and order forms.

Responsibilities:
Manage a team of technology sourcers that partner with Blackstone's Technology & Innovations (BXTI) team to deliver value on negotiations for new technology goods and services, market data products and services and to manage renewals
Work closely with multiple CTOs and stakeholders to develop, and then manage the sourcing queue, based on project prioritization and impact to the business.
Develop a technology sourcing strategy
Develop and distribute recurring reports to stakeholders to provide transparency on project/transaction progress and ability to meet SLAs.
Lead the team to develop and review sourcing strategies, manage SLAs, and propose alternative approaches and the way forward for difficult negotiations - to overcome blockers, obstacles and bottlenecks.
Lead larger impact projects - new purchases and renewals, including negotiating pricing terms and reviewing/negotiating vendor agreements/statements of work and order forms.
Develop team of technology sourcers - providing continuous feedback, coaching and mentoring
Develop effective vendor relationships that persist after the execution of the agreements
Assist the BXTI team to develop technology procurement business cases for executive approvals
Guide users through the firm's sourcing and vendor onboarding processes.
Qualifications:
A Bachelor's degree in Finance/Accounting or Business Administration; an MBA would be a plus
Demonstrated experience with technology procurement engagements with an ability to effectively interpret and work with technology-based contract terms and related documents such as SaaS or cloud-based data/licenses/subscriptions, software licenses, market data subscriptions, managed services, professional services and maintenance/support agreements.
Proven technology market knowledge and pricing/contract language negotiation skills. Knowledge and experience with data privacy regulations (such as GDPR and US consumer data protection acts) as well as DPAs and DPIAs are a plus.
Prior experience developing and maintaining project schedules and delivering on schedule in a dynamic environment - sometimes working with vague information.
Prior experience in reviewing and effectively editing scopes of work, price sheets, etc.
Possess strong decision-making & problem-solving skills, excellent oral and written communication skills combined with the ability to maintain effective relationships internally and externally with a strong customer service orientation.
Comfortable will sourcing tools such as Ariba and Coupa.
Has demonstrated experience with standard business software such as Microsoft Word, Excel, PowerPoint, Adobe, etc.
Experience:
Customer-first mindset.
Ability to influence at all levels of our client's company and with suppliers.
Business acumen and results orientation.
Strong decision-making skills with the ability to manage & drive change effectively.
Financial aptitude.
Strong negotiation and project management skills.
Knowledge of operations.
Ability to create and manage effective supplier agreements and contracts.
Ability to prioritize and appropriately allocate time.
Ability to analyze data quickly and make decisions which are directionally correct with incomplete data.
Ability to work in a changing environment, manage priorities, identify areas of improvement, and document standard work.
Ability to lead a cross-functional team and meet objectives on-time and budget.
Strong ability to have impact without authority and influence peers both formally and informally.
Navigation of changing priorities and needs.
Ability to present to senior management on a regular basis.
Strong relationship management skills.
Strong verbal/written communication skills.
Supplier/supply chain negotiations skills.
Qualitative & quantitative analysis abilities.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Expected annual base salary range:
$130,000 - $165,000 Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;

Marketing Blackstone funds to new or existing clients;

Supervising or training securities licensed employees;

Structuring or creating Blackstone funds/products; and

Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.

This employer is a corporate member of
myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals,
students, inclusive employers & anyone who believes in workplace equality.

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