Senior Technology Buyer - Software Renewals

JOB DESCRIPTION

ABOUT US: LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity. LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG. OUR PEOPLE: People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential. We know that real personal growth cannot be achieved by simply climbing a career ladder – which is why we encourage and enable a wealth of avenues and interesting opportunities for everyone to broaden and deepen their skills and expertise. As a global organisation spanning 65 countries and one rooted in a culture of growth, opportunity, diversity, and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.

ROLE PROFILE:

Group Procurement is responsible for managing third-party supplier engagements, partnering with the business to drive high performance and sustainable value from our supplier relationships. We aim to make LSEG easier and more attractive to do business with and we consider our suppliers as a source of competitive advantage and not just about cost.

We operate a business partnering and supplier relationship management (SRM) model, aligned to stakeholder groups and spend categories, ensuring value through early and strategic engagement and insightful vendor spend analytics.

Some key characteristics of the Group Procurement organisation:

• Key hubs for the category teams in London, Bangalore, and New York with a small amount of decentralised activity to support local markets which are in various global locations including Europe and Asia.
• The purpose of the role is to support the Category Lead and Category Managers with the delivery of the small-scale renewals supporting all category strategy and deployment of the supplier relationship management program, ensure quality issues are resolved with the supply base and monitor the PR/PO pipeline.
• Suppliers spend c £2BN and c. 5,000 suppliers.
• The role will perform a combination of sourcing, supplier management and business partnering activities within his area of responsibility, with an emphasis on sourcing.
• Although primarily aligned to the Software Renewals, this role may be required to support other sub teams with Group Procurement.

SUB FUNTIONS - Software Renewals

Renewals team is structured around & the main operating functions are:

                      Five towers aligned to the master categories of spend (Product Development and Enablement, Sales, Operations & Marketing Technology, Corporate Functions Technology, Technology Infrastructure and Cyber & Cloud.), focused on category management, sourcing, supplier relationship management and business partnering.

Service Now Tickets :-

                        We will receive a new software request from the stakeholders, and we will have to get the Quotes from relevant suppliers keeping in mind a strategy & performance centre, enabling function to drive and implement the strategy of the Group Procurement function, best in class procurement policy and processes.

SOP requests (Global Sourcing Purchase Requests)

                           We will be raising Technology requests for Hardware & Software Procurement reviewing PR/POs, ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders. Escalate when appropriate.

Basic Check on the quotes and order forms like Price, Need by Date, End to End dates, Product Description, SKUs, Entity names & unit price is required while creation of PR (Purchase Requestions)

• This role sits within Shared Services under Strategy & Performance with a strong functional reporting line to the Technology Group Procurement. The Software renewals Procurement Team is responsible for global procurement activities which includes engagement and ongoing management of third-party suppliers, sourcing, and vendor strategy, for the categories in scope. E.g., Software & hardware renewals etc. This Category represents a spend of .£ 5.16m.
• 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.

Budget Responsibility: N/A.

Direct Reports: None.

Indirect Reports: None.

Key interfaces:

• With functional line management: Category Director within Corporate
• With line management: Shared Services
• Category Managers and other buyers
• Vendor Manager
• Group Procurement Centre of Excellence and Shared Services teams
• Business: Supplier business owners and budget holders
• Third party suppliers
• Key partnering functions: CAM, Operations, Legal, Finance, TPRM, SRM

Key responsibilities of the role:

• Contribute to the development of basic sourcing strategies, including identifying risks, key outputs, and deliverables for categories within remit.
• Review pipeline and Purchase Requisition queue and liaise with the Category Director and relevant Category Managers.
• 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 a) 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 b) 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 & vendor manager 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

Technology Software Procurement & knowledge of Hardware Procurement

• 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 to maintain procurement and planning efficiencies.
• To be able to Negotiate purchasing, pricing and Contract Terms & also keep up to date on the relevant IT systems to maintain procurement and planning efficiencies

Contract management

• Be able to negotiate on the contract terms & Conditions.
• Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Lead.
• Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought

Essential experience and skills required:

5+years’ experience procurement within a Global team

Sponsorships You will be required to demonstrate experience in these areas at interview.

• Commercially minded and proficient negotiator with demonstrable experience of managing the end-to-end Procurement process
• 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 decision-making skills
• The ability to maximise opportunities, i.e., challenge ways of working, adopt Group practices, seeks and provides information and clarification
• Ability to work with other category teams, both local and a global to deliver high quality service
• Strong communication skills (written and verbal) with demonstrable experience working with UK stakeholders
• Educated to degree level.

Desirable:

• 5 -6 years' experience in buying / procurement. Procurement / supply operation qualification,
• Candidate should know to negotiate Software Licensing agreements (SaaS).
• Should have worked on Mid and big deals (led spend)
• Commercially minded and proficient negotiator. Experience in Content Services category (i.e. subscriptions, memberships) would be advantageous
• Ability to liaise with and manage stakeholders and suppliers. Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTech; Global, multi-country organisations preferred.
• Ability to assess, prioritise workload and meet deadlines
• Ability to build relationships, influence and act as an expert across the organisation up to senior management level
• General analytical, problem solving, and decision-making skills
• Pro-active behaviour that demonstrates initiative and positive work ethic to ensure activities are delivered to the required time, budget and quality
• Maximise opportunities, i.e. challenges ways of working, adopts Group practices, seeks, and provides information and clarification
• Teamwork - ability to work with other category teams, both a local and an offshore to deliver services to stakeholders
• Strong communication skills (written and verbal)
• Bachelor’s degree or equivalent experience
• Pay attention on market and industry developments. Able to make recommendations on alternate sources of supply to advise specifications

Career Stage:

London Stock Exchange Group (LSEG) Information:

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.