Global Procurement - Technology Sourcing Manager - Vice President
Posted on: January 26, 2023
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
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Enterprise Operations - Global Procurement
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
Technology Sourcing Manager - Vice President
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.
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
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
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
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.
Ability to influence at all levels of our client's company and with
Business acumen and results orientation.
Strong decision-making skills with the ability to manage & drive
Strong negotiation and project management skills.
Knowledge of operations.
Ability to create and manage effective supplier agreements and
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
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
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+
students, inclusive employers & anyone who believes in workplace
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