Associate-Strategic Sourcing - Bengaluru / Bangalore - Goldman Sachs

    Goldman Sachs
    Goldman Sachs Bengaluru / Bangalore

    2 days ago

    Full time
    Description

    Divisional Overview

    The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM has 5 operating pillars.

    Finance & Planning supports the execution of the firm s strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm s business plans and budgets. They develop a consistent framework for revenue division projections creating transparency, accountability, and efficiency around projections. This pillar also includes the CF&O, EO, and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities. Product Finance is responsible for the overall governance and proactive management of the firm s non-compensation expenses.

    Spend Management encompasses the functions responsible for managing all aspects of the firms spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations.

    Operational Risk & Resilience drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses.

    The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in-line with the firm s strategic objectives.

    Role Overview

    Professionals in CPM have an analytical mindset, exhibit intellectual curiosity and are from diverse academic backgrounds. This role sits within the Spend Management pillar.

    The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. It also entails in-depth analysis and reporting for senior management, requiring diligence and a commercial mindset. The candidate is required to work closely with global counterparts and should have excellent verbal and written communication skills.

    Job Responsibilities:

    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.

    Partner with business and functional leadership to understand short, medium, and long-term third-party requirements including demand management.

    Support procurement strategy creation and execution of key initiatives.

    Identify and implement best practices in procurement, commercial, and vendor management.

    Drive supply-side initiatives to reduce or contain risk, and / or create commercial and revenue-generating opportunities.

    Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators, and cost models are applied consistently across vendors.

    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 practices within and across the global Strategic Sourcing team.

    Support compliance with the Firmwide Third Party Risk and Control Framework and associated programs.

    Engage with Risk Partners across the organization (e.g., compliance, technology), as needed, to review control requirements and drive resolution of Strategic Sourcing issues.

    Qualifications:

    Bachelors / Post Graduation degree, with relevant professional qualifications considered favorably.

    Minimum 4 years of experience in Strategic Sourcing and Category Management, particularly in indirect spend with a preference in corporate services sourcing, including but not limited to workplace-related services such as hospitality, travel, property management, and document management services.

    Must have strong technical, strategic, and project management skills as well as a strong foundation in supply chain management, sourcing and procurement, project management, vendor management legal and contracting or operational risk management.

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