Global Head of Strategic Sourcing, SVP - Procurement

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com .

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The Role:

We are seeking a dynamic and experienced Senior Vice President, Global Head of Strategic Sourcing to lead our global sourcing team.  This is a key strategic role instrumental in optimizing our managed spend, managing supplier base and enhancing relationships, and driving value across our global portfolio. The ideal candidate will possess a strategic mindset with deep understanding of and experience with sourcing, exceptional negotiation and team management skills.  The role is full time based in Miami, FL.

Key Responsibilities:

• Lead global sourcing team to develop and implement sourcing strategies across technology, non-technology and market data categories, balancing quality, performance, and costs.  Ensure compliance with internal and external (global) regulations
• Regularly review and evaluate sourcing procedures and processes, focusing on continuous improvement.  Partner with the technology teams to identify and implement technology solutions that will improve productivity and efficiency.  Work with legal teams to optimize contract templates
• Lead negotiations with key suppliers, securing favorable terms and conditions, driving value, and ensuring compliance with legal and regulatory requirements
• Establish, regularly monitor, and publish key performance indicators (KPIs) to evaluate the effectiveness of sourcing area and initiatives
• Manage team of category managers and buyers, focusing on team performance and development, as well as talent identification and development
• Develop and maintain strong, fair, and ethical partnerships with vendors.  Ensure acceptance and adherence to Blackstone processes and procedures
• Conduct regular supplier reviews to manage performance and effectiveness, creating action plans as needed
• Meet and collaborate regularly with internal stakeholders to understand needs, upcoming projects, and obtain feedback on sourcing performance
• Be an advocate for supplier variety
• Stay informed about area and industry trends, market dynamics, and emerging technologies to identify innovative solutions including sourcing models

Qualifications:

• 15 + years of professional experience with at least 10 years of experience managing developing sourcing teams.
• Experience in financial sector is a plus
• In depth knowledge of sourcing activities, processes, and procedures
• Proven track record of successfully managing complex global sourcing projects and negotiations.  Experience developing and conducting RFx, supplier analysis, and contracting
• Strategic mindset with sound financial and business acumen, and well-defined decision-making skills
• Dynamic team player, proactive, self-starter with outmost professional integrity and ethics
• Strong analytical and problem-solving skills; think outside the box, interpret data and make data-driven decisions
• Excellent organizational skills, detail-oriented, effectively multi-task and adapt to changing environments
• Demonstrated leadership skills, with proven skills in building, motivating, and leading teams
• Resilient, curious, and deals well with ambiguity
• Excellent oral and written communication and interpersonal skills; maintains effective relationships internally and externally with strong customer service skills
• Proficiency in MS Office suite and other relevant software (Coupa knowledge a plus)
• Bachelor’s degree in Supply Chain Management, Finance/Accounting, or Business Administration; an MBA would be a plus
• Experience working in international and fast-paced environment
• Experience managing distributed and virtual teams
• 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: $200,000 - $250,000
• 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
• 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.