The Strategic Sourcing Manager position at Insurance Journal requires a seasoned professional with expertise in financial market data sourcing and procurement. The role focuses on developing strategies for cost efficiency and vendor management while fostering collaborative relationships across various stakeholders
Job Summary
Develop, implement, and manage comprehensive category strategies for financial market data, including subscriptions, real-time feeds, historical data, analytical platforms, and related services, to drive optimal cost, quality, and service levels across the enterprise.
Lead and execute complex negotiations for market data contracts and licenses with providers, optimizing terms, pricing models, and ensuring strict compliance with company policies, licensing agreements, and industry regulations.
Develop, implement, and report on key performance indicators (KPIs) and service level agreements (SLAs) specific to market data; Track progress towards strategic goals, drive accountability for supplier performance, and maintain a strong governance framework for market data acquisition and usage.
Matching Summary
Match Score: 85
The Strategic Sourcing Manager position at Insurance Journal requires a seasoned professional with expertise in financial market data sourcing and procurement. The role focuses on developing strategies for cost efficiency and vendor management while fostering collaborative relationships across various stakeholders.
Salary
Base: $135,000 - $150,000; Bonus/Equity: Eligible for a bonus; Benefits: Competitive benefits package
Skills & Requirements
Must-have
Financial market data sourcing
Market data contract negotiation
Vendor management for market data
Cost optimization for data services
Cross-functional stakeholder collaboration
Nice-to-have
Continuous improvement initiatives
Supplier diversity
Environmental sustainability
Key Requirements
7+ years of experience in strategic sourcing
Focus in Market Data category
Experience in financial services or IT sourcing
Bachelor's degree in Finance, Economics, Business Administration, Supply Chain Management, or related field