Vice President, Sourcing

Vice President, Sourcing

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We're seeking a future team member for the role of Vice President to join our Enterprise Sourcing Office team. This role is located in Pune.

In this role, you'll make an impact in the following ways :

• Partner with the business or vendor partners to develop plans for Technology / Fin-Tech category management.
• Be accountable for all service areas of the assigned activity, requiring collaboration and communication with Business and Vendor Management Office and ESO executive management.
• Represent the Source to Pay manager in high-impact meetings as needed, applying advanced, extensive knowledge of wider S2P and other business functions to improve the impact of the activity performed. Prepare and run complex supply market analyses and develop large quantities of RFP and RFI templates, pricing assessments, and total-cost modelling.
• Contribute to and lead sourcing contract negotiations and contract administration for standard contracts in assigned categories.
• Make recommendations in response to contract asks and negotiate with contracting parties.
• Independently review and analyze non-complex, standard, and some non-standard contract requirements and conduct complex research to support contract negotiations.
• Identify contracting issues and recommend solutions.
• Actively work with stakeholders to support the development of demand-side process improvements.
• Provide support and sometimes enable stakeholder and business partner meetings.
• Negotiate contracts in multiple assigned categories / specific category on a daily basis.
• Independently review and analyze contract asks and effectively communicate requirements.
• Be responsible for negotiating and sometimes supporting both non-complex and complex contract negotiations.
• Conduct complex research to support contract negotiations and compile findings into an appropriate, intuitive format.
• May review findings compiled by more junior sourcing roles for accuracy and legibility and advise on improvements.
• Be responsible for contract administration for a moderate quantity of standard contracts in the assigned categories, including NDAs, non-complex agreements, SOWs, and terminations, among others.
• May support more senior sourcing roles or the Senior Sourcing Manager in stakeholder and business partner meetings, as needed.
• Have a deep understanding of at least one or more categories and actively contribute to the identification and driving of saving ideas / initiatives.

To be successful in this role, we're seeking the following :

At BNY, our culture speaks for itself, check out the latest BNY news at :

Here's a few of our recent awards :

Our Benefits and Rewards :

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity / Affirmative Action Employer - Underrepresented racial and ethnic groups / Females / Individuals with Disabilities / Protected Veterans.

Skills Required

Sourcing, Contract Negotiation, Contract Administration