Procurement Team Lead (HR, Finance, Risk, Legal, Sales and Financial Products)

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New York, NY

Posted Mar 12, 2020 - Requisition No. 81911

The energy of a newsroom. The pace of a trading floor. The buzz of a recent tech breakthrough. We work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. And through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.

The Bloomberg Terminal quickly and accurately delivers business and financial information, news and insight around the world to over 325,000 customers worldwide. Our global terminal customers depend on our proprietary high-quality hardware to be able to access our terminal and make critical business decisions.

Our Team:

Bloomberg’s Procurement is a dynamic global organization, providing support to our external terminal customers and internal clients, operating out of 22 locations across 12 countries. We work hand-in-hand with our business divisions to support them in achieving success and maintaining efficiency. What does that mean? We procure the goods and services that Bloomberg needs to do business. We handle vendor-related risks and strive to deliver the best customer service in the world.

We understand urgency, work hard, have commercial acumen and are customer service driven. Our clients internally and externally count on us daily. Our team is tight, but our culture is wide open, where we challenge and support each other’s creative ideas to remain first-class. Under one umbrella we collaborate to develop efficient solutions through new technologies and processes to keep up with Bloomberg’s dynamic environment and business needs while ensuring the highest level of customer service.

Global Procurement is responsible for all direct and indirect spend at Bloomberg. We are a global team that takes pride in working with our internal clients, devising strategies and executing operational tactics based on the dynamic requirements of a fast pace state of the art business.

What's the Role?

Our resourceful and dynamic Procurement Department is looking for an experienced Team Leader (Manager) to join our US Headquarters based in New York. You will build and manage relationships with senior internal clients as well as manage a team of experienced Procurement professionals. You will need to show good knowledge of Procurement principles, strong negotiating skills and an eye for detail. You will be part of the US team supporting multiple internal stakeholders, from a wide spectrum of departments (HR, Finance, Risk, Legal, Sales and Financial Products) with many and varied needs, in a fast paced demanding environment. Working with the Regional Manager, you, as part of the Procurement team will develop and execute supply strategies for various categories.

We'll Trust You To:

  • Manage a team covering different groups within Bloomberg
  • Work with senior leadership within the business in order to come with a vendor/procurement strategy that aligns with their business plan
  • Determine specifications and requirements for products and services through communication with internal stakeholders and the department's strategic plan
  • Lead regional sourcing opportunities, including RFPs, direct negotiations, etc., and use market research from internal and external sources to drive sourcing decisions
  • Ensure adherence to the policies and thresholds set by the Global Procurement Team
  • Negotiate and implement contractual agreements in partnership with the internal customer and our Legal department
  • Manage the vendor base to ensure that contractual compliance and financial efficiency
  • Continuously review with the Sourcing Team Strategic Plans to better serve the company as a whole
  • Build strong and lasting relationships with internal clients and the associated vendor base
  • Provide support to the rest of the team to make sure we deliver first class customer service

You'll need to have:

  • 10+ years of experience specifically within strategic sourcing
  • 7+ years of experience managing a team
  • Education to degree level, CIPS or combination of education and work experience
  • Proven experience in the commercial environment with demonstrated ability for complex commercial and contractual negotiations, competitive market analysis, and ongoing supplier performance management/scorecards
  • Proven experience in commercial situations
  • Strong contractual knowledge and negotiation skills
  • Understanding of and experience in contract law and applicable legislation
  • Strong decision making ability
  • Demonstrated ability to effectively interact in a cross-functional environment with all levels of executive management
  • Ability to learn new applications relevant to the role
  • Excellent Organizational skills and attention to detail

We'd love to see:

  • SAP, Oracle or other ERP experience
  • Experience across multiple sourcing categories

If this sounds like you:

Apply! If we believe we're a good match, we'll get in touch to let you know what the next steps are.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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