Strategic Sourcing Analyst, Specialist

This role is responsible for identifying and managing suppliers that meet business requirements for quality, cost, and reliability. This role partners closely with internal stakeholders to understand

Role Summary:

This role is responsible for identifying and managing suppliers that meet business requirements for quality, cost, and reliability. This role partners closely with internal stakeholders to understand sourcing needs, drive supplier performance, and ensure compliance with procurement policies. It involves end-to-end management of third-party supply requests for the India office, strategic contract negotiations, and regular reporting to senior leadership. The position also supports cost-saving initiatives and aligns sourcing strategies with broader enterprise goals. The role has a matrix reporting line to a member of the Enterprise Supply Management Leadership Team based in London.

Responsibilities:

• Serves as a subject matter expert in managing high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services. Manages relationships for suppliers within category. Executes category strategy to drive maximum value.This includes contracts and relationships across categories such as Technology, Human Resources, Professional Services, and Facilities.
• Performs supply market data analysis and recommends suppliers and vendors to the business. Identifies and is knowledgeable of industry trends and category strategies to recommend linkages to business needs. Coaches team members on supply and market analysis.
• Leverages data analytics and insights to align sourcing strategies with business forecasting and priorities. Prepares strategic analysis and presents actionable recommendations to leadership.
• Drives engagements, resolves escalated and complex issues and involves stakeholders as needed. Interfaces with other sourcing operations teams, business leaders and legal & risk partners for each transaction.Proactively identifies, manages, and mitigates project-related risks and communicates solutions to stakeholders for input and buy-in.
• Interprets and communicates contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business leaders. Performs regular performance monitoring and reviews of key suppliers.Partners with Legal, Risk, and other groups (e.g., Privacy, InfoSec, Compliance) to incorporate regulatory requirements and risk mitigation strategies.
• Champions sourcing process compliance. Educates key stakeholders about commercial, legal, policy and other considerations in support of the negation process.Leads and supports adherence to procurement policies and procedures, and champions application of fair business practices across competitive bidding, contracting, and supplier management.
• Ensures supplier and contract data is submitted or entered into the management systems and databases.Ensures full lifecycle contract management and proper closure of transactions, including handoffs to purchasing and payables, and compliance with payment terms and documentation.
• Participates in special projects and performs other duties as assigned.This includes supporting internal audit requests, onboarding/offboarding suppliers, and managing transitional supplier projects.
• Establishes supplier relationship management processes and continuous improvement goals/programs.Sets up and agrees on governance frameworks for ongoing supplier relationship management in partnership with stakeholders.
• Negotiates contracts and coordinates supplier integration plans with internal clients.Provides guidance on engagement strategy and contributes to execution of OKRs/Right Start initiatives aligned to overall Enterprise Supply Management goals.
• Monitors market dynamics that impact materials/services availability and/or pricing.Maintains alignment with industry trends and defines standards within the sourcing function.
• Partners with internal clients to identify sourcing needs, develop buyer/market profiles, identify marketplace trends, and define acceptable service levels.
• Manages projects or workstreams within broader programs, including development, implementation, and monitoring of project plans, major deliverables, milestones, and tasks.
• Communicates project status and issues regularly to stakeholders, including senior managers, and proactively fosters communication across internal and external project teams.

Qualifications:

• Minimum 8 years of experience in strategic sourcing, supplier management, or procurement.
• Bachelor's degree in supply chain management, Business Administration, Engineering, or a related field. Graduate degree preferred.Financial Services and/or Technology-specific experience is preferred.
• Good to have skills in strategic sourcing, supplier relationship management, contract negotiation, market and data analysis, stakeholder engagement, and category strategy execution.Experience leading end-to-end competitive RFI/RFQ/RFP processes is preferred.
• Strong communication, analytical thinking, and commercial acumen with demonstrated ability to manage high-complexity deals and cross-functional collaboration.Strong relationship-building and influence skills with proactive issue escalation as needed.
• Proficiency with sourcing and procurement systems such as SAP Ariba, Coupa, or Oracle Procurement Cloud.
• Preferred certifications include CPSM (Certified Professional in Supply Management), CSCP (Certified Supply Chain Professional), or CIPS certification.
• Ability to manage multiple priorities in a dynamic environment, with a focus on driving business value and risk mitigation.Flexible work hours (1020% per week) required to collaborate with global stakeholders across time zones.
• Strong skills in data analysis, reporting, and presenting insights are required.

Location

This role is based in Hyderabad, Telangana at Vanguard's India office. Only qualified external applicants will be considered.

Our mission

Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.