Associate - Procurement / Purchasing

Goldman Sachs

5 - 7 years

20 - 25 Lacs

bengaluru

Posted:1 month ago| Platform:

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Skills Required

procurement expense management information security consulting financial planning business planning investment banking investment management analytics monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

Work collaboratively to deploy category management techniques to develop multi-year global strategies which support the delivery of the firm s commercial and operational objectives.
Support Procurement strategy creation and execution of key initiatives
Identify and implement best practices in procurement, commercial and vendor management
Partner with business and functional leadership to understand short, medium, and long-term third-party requirements including demand management Drive supply side initiatives to reduce or contain risk, and / or create commercial and revenue generating opportunities - maximize relationship opportunities; document vendor sensitivities
Manage the relationship and escalations with the firm s strategic vendors
Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors to arrive at total cost of ownership
Partner with internal and external legal counsel to ensure proper forms of Agreement are utilized, contractor conformance with the terms and conditions of the Agreements, and refinement of Agreements as required
Manage compliance with and provide reporting on the firm s commitments in relation to ESG
Facilitate sharing knowledge, experiences and best practice within and across global Strategic Sourcing team
Support compliance to the Firmwide Third Party Risk and Control Framework and associated programs
Engage with Risk Partners across the organization (e.g., compliance, technology, legal, finance, information security), as needed, to review control requirements and drive resolution of Strategic Sourcing issues
Track and report on strategic vendor management activities against Sourcing KPIs, spend and other trends impacting the firm and business units
Collaborate with Sourcing Operations to drive digitization
Support in ongoing management, monitoring and maintenance of Strategic Sourcing process, risk / control and RCA components
Role based in Bengaluru, India, with potential for travel as required

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