Wellington Lead, Enterprise Soucing in London, United Kingdom
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
Tracing our roots to 1928, Wellington Management Company LLP is one of the world’s largest independent investment management firms. With over US$1 trillion in assets under management as of December 2021, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 62 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
This role exists in the Enterprise Sourcing team within Finance & Administration and reports to the Manager of Enterprise Sourcing. The Lead’s focus will be to lead procurement and sourcing efforts globally through set strategies and goals related to the purchasing of goods and services. This role will support a wide range of categories, with a likely emphasis on technology related contracts which could include hardware, software, hosted services, technology platforms, market data services, etc. This role provides the opportunity to work as part of a well-respected group with global reach.
Contract Management and Negotiation
Lead contract and pricing negotiations with suppliers; includes independently drafting, evaluating, redlining, negotiating, and executing a variety of agreements (Master Services Agreements, SaaS Agreements, Order Forms, Statements of Work, NDAs) across different business areas and spend categories
Provide guidance to internal clients on contractual risks that may exist with final negotiated agreement
Perform contract administration duties leveraging the contract management system
Work with vendors and internal clients to identify and research problems relevant to contractual obligations and develop corrective action plans to resolve
Sourcing and RFx Management
Develop and manage sourcing and vendor management strategies globally across multiple categories of spend
Lead or assist with the coordination, development, and management of the RFx process
Lead or assist with the analysis and evaluation of proposals and recommendations by the RFx team
Build relationships with vendor and internal stakeholders in order to identify opportunities to mitigate risk, create efficiencies, and lower costs
Work with vendor and internal stakeholders to ensure compliance to requirements, quality, and delivery performance, and to develop and continuously improve capabilities and service
Serve as escalation point and lead resolution of vendor related issues, as necessary
Collaborate with internal teams to identify, develop, and lead process improvement strategies
Support third party risk management and continuous monitoring efforts, including identifying and communicating risk exposures to applicable stakeholders and bringing awareness of the third party risk management program and policy to business stakeholders
Manage ad-hoc projects
Create reports and perform data analysis
Serve as a procurement subject matter expert to internal stakeholders as it relates to the sourcing process, market and industry trends and risk mitigation
Bachelor’s degree or higher in finance, business administration, supply chain, or related field
10+ years professional experience
7+ years of indirect procurement and robust contract negotiation experience (ability to negotiate contracts independently start to finish and comfort working with internal templates and supplier paper)
Experience with Ariba contract management and sourcing modules a plus
Understanding of data privacy regulations and impact to contract terms and conditions
Proficient to advanced experience with MS Office Suite, particularly Excel, Word, and PowerPoint
Strong communication skills – must be outgoing and assertive and possess the ability to influence
Strong leadership skills- proven ability to lead projects
Strong reading comprehension and excellent writing and editing skills
Strong attention to detail and well organized, strong project management skills; ability to prioritize, multi-task and work well under aggressive deadlines while delivering superior customer service
Ability to think strategically while also focusing on the details
Self-motivated and works well independently; capable of taking initiative without prompting
Strong problem solving techniques, including the ability to identify, research and resolve unfamiliar issues and ability to clearly communicate issues to key stakeholders
Ability to collaborate across departments with a professional presence; proven ability to cultivate and maintain strong business relationships at all levels within the organization
Highly motivated with a positive 'can do' attitude
Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .