Senior Manager Procurement Sourcing Operations

About Enterprise Supply Management

Mission Statement: Creating strategic thirdparty value while protecting the interest of Vanguard and our stakeholders.

ESM is a centralized organization responsible for managing the enterprisewide endtoend purchasing experience. ESM helps uphold Vanguards mission by enabling the company to maximize its thirdparty supplier relationships through sourcing strategies performance and risk management activities and providing accurate and timely payments to our suppliers. With more than 4000 suppliers supporting Vanguards its critical that we continually identify ways to enhance and derive value from these relationships.

The ESM organization was created to proactively identify opportunities with suppliers and capture increased value for Vanguard crew. While saving dollars and cents on individual contracts is valuable the group also acts to ensure business units select suppliers that closely align with Vanguards interests (like securing sensitive data or providing bestinclass client service) and fostering strategic relationships with more innovative partners.

About the Role

The International Category Manager will support and manage all supply and demand requests from the International Divisions clients related to third party suppliers. This includes meeting regularly with key clients and suppliers understanding their strategic business needs understanding the suppliers in the market (their current capabilities and roadmaps) collaborating on cost savings/reduction efforts with FP&A to clearly link ESMs value capture back into International P&Ls. Regions include Australia Canada Europe and Mexico. Regular monthly reporting across International ESM is required. Quarterly reporting to senior management is also required including submitting and presenting from timetotime to the Head of ESM International CFO and the Head of Financial Planning & Analysis and Enterprise Strategic Services. This role will report directly into Europes Head of Financial Planning & Analysis and matrix into a member of the ESM Leadership Team in the US.

Core Responsibilities

Hires evaluates and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards reviews performance and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures. Provides thought leadership and oversight to support international engagement strategy and delivers guidance on OKR/Right Start strategic directions to support ESMs overall goals/key initiatives. Directs strategic planning and makes key decisions that provide strategic direction for ESM including category and supplier strategies. Leverages data analytics and insights in such strategies that are aligned to business priorities and forecasting. Prepares and presents strategic analysis findings and potential solutions into actionable recommendations. Crafts data into a compelling storyline with actionable insights for the senior management. Maintains accordance with industry best practice/trends defines standards within ESM in the space of competitive bidding contracting and supplier management. Understands regulatory requirements. Recommends new and enhanced capabilities and services to protect Vanguard as required. Directly partners with Office of General Counsel Third Party Risk Management Enterprise Security and Fraud and other partners to understand key concerns and opportunities for their specifics functions. Leads highly complex and impactful strategic competitive and product analyses. Partners with leaders to define problem issues and planned approach for research and analyses. This includes negotiations and supplier selection for products and services. Manages contracts and relationships for suppliers within categories including but not limited to: Banking and Market Data Technology Human Resources Professional Services and Facilities supporting the International Division. Champion global procurement process compliance. Educate key stakeholders about commercial compliance legal policy and other considerations in support of the contract negotiation or supplier management process. Working with ESM TPRM and Risk Domain Groups (e.g. Global Privacy InfoSec Compliance Business Continuity Financial Crimes Artificial Intelligence etc. and other groups as required to create and augment existing Standard Operating Procedures and RACIs. Creates and delivers training content as required. Participates in special projects and performs other duties as assigned.

Qualifications

• Leadership Experience:
  • Minimum of eight years related work experience including a minimum of five years direct people development and management. Ability to showcase a roster of others that were directly coached/mentored/upskilled.
  • Demonstrated capability in leading crossfunctional multisite teams.
  • Handson leader that directly meets with crew on a regular basis continuously instills positivity and confidence in the team ensures team building interactions occur regularly and promotes a culture of continuous learning and development (e.g. directly upskills crew encourages training programs and certifications while ensuring crew have time/capacity to follow through on such items etc..
• Education: Undergraduate degree or equivalent combination of training and experience. Graduate degree preferred.
• Financial Services Industry Knowledge and Financial Acumen: Indepth knowledge of the financial services industry including current trends challenges and opportunities to effectively manage category strategies and vendor relationships. Proven experience creating business cases with linkage into the business planning/budget process.
• Executive Presentations and Reporting: Strong experience creating Executivelevel materials including regular reporting tuned to the audience and presenting in various Executive forums.
• Analytical and ProblemSolving Skills: Strong analytical abilities to assess market trends supplier performance and costsaving opportunities coupled with a proactive approach to problemsolving. Proven experience leveraging data insights to create a compelling storyline with actionable insights for the senior management.
• Global Project Management and Strategic Sourcing:
  • Extensive experience in managing and leading global projects such as (RFPs) for major vendors showcasing the ability to handle complex highstakes negotiations and vendor selection processes.
  • Strong track record of developing and implementing innovative strategic plans on an international scale (e.g. Creating Purchasing Category Strategies aligned w/business needs global supplier capabilities and ESM managers across regions and driving outcomes against those plans).
  • Exceptional skills in engaging and collaborating with key stakeholders across various levels of the organization ensuring alignment and support for category management initiatives.
  • Dependable to work via flexible working hours with stakeholders across regions (different time zones) mostly US Europe and Australia is required.
• Communication and Influence: Excellent communication with the ability to influence and drive outcomes in a global crossfunctional environment. Willingness and knowledge of how to escalate proactively.

Special Factors. Vanguard is not offering visa sponsorship for this position.

About Vanguard

We are Vanguard. Together were changing the way the world invests.

For us investing doesnt just end in value. It starts with values. Because when you invest with courage when you invest with clarity and when you invest with care you get so much more in return. We invest with purposeand thats how weve become a global market leader. Here we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Lets make it count.

Our core purpose: To take a stand for all investors to treat them fairly and to give them the best chance for investment success.

Inclusion Statement

Vanguards continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients crew (internally employees are referred to as crew) and communities is guided by one simple statement: Do the right thing.

We believe that a critical aspect of doing the right thing requires building diverse inclusive and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguards core purpose through our values. When all crew members feel valued and included our ability to collaborate and innovate is amplified and we are united in delivering on Vanguards core purpose.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members designed to capture the benefits of enhanced flexibility while enabling inperson learning collaboration and connection. We believe our missiondriven and highly collaborative culture is a critical enabler to support longterm client outcomes and enrich the employee experience.