Assistant Manger, Procurement Shared Services - Bengaluru, India - LSEG (London Stock Exchange Group)

LSEG (London Stock Exchange Group)

Verified Company

Bengaluru, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

The key responsibilities of the role:

Support the delivery of the category strategy and deployment of the supplier relationship management program_

Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope and escalating those that are not, analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied Where a renewal within role scope is required, engage stakeholders to ensure renewal is required and scale is accurate Support Category Leads or Category Managers with SRM activities, manage allocated supplier relationships Support sourcing activities across the wider team (Category Leads or Category Managers in other categories), as required Assist Category Lead and Category Managers with PR/PO approvals

Ensure PRs meet required standards - i.e. approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers

Ensure Category managers are kept informed

Keep abreast of market and industry developments within role scope. Able to make recommendations on alternate sources of supply to inform specifications

Stakeholder engagement_

Engage with stakeholders across the business and key functions such as Legal, Finance and HR to progress queries and act as a point of procurement contact, with support from the Category Lead and other Category Managers Engage with budget-owners to obtain key information and explain procurement processes in line with agreed process and procedures.

Deal with stakeholder queries escalating as appropriate Engage with key functions to obtain information and complete necessary actions such as supplier segmentation form

Managing BAU_

Information technology

Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)

Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies

Contract management

Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Lead

Monitor contract performance and able to identify when corrective action needed

Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought

Provide assistance to the business and suppliers across the end to end sourcing process, i.e.

reviewing PR/POs, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders.

Escalate when appropriate Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements Understand the Group Policies and the Group Procurement approach to IR35.

Provide assistance to the Category Managers and Business to identify and appropriately resolve issues

The essential experience and skills required:

5-8 years experience in buying / procurement
Commercially minded and proficient negotiator
Ability to liaise with and manage suppliers
Experience in market and category analysis
Strong IT skills (Office programs, Procurement systems desirable), ability to provide management information to assist sourcing and contract management process
Ability to build relationships, influence and act as an expert across the organisation up to senior management level
Ability to assess, prioritise workload and meet deadlines
Strong analytical, problem solving, and decisionmaking skills
The ability to maximise opportunities, i.e. challenge ways of working, adopt Group practices, seeks and provides information and clarification
Teamwork ability to work with other category teams, both local and an global to deliver high quality service
Strong communication skills (written and verbal)
Educated to degree level

Desirable

Procurement / supply operation qualification, e.g. MCIPS or IAACM, or working towards the qualification
Experience in Procurement categories Legal, Finance, Property an advantage, although not required as full training will be provided
Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTechs; Global, multicountry organisations preferred

At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities.

Our open culture is central to how we deliver our purpose - driving financial stability, empowering economies and enabling customers to create sustainable growth