Technology & Market Data Senior Sourcing Manager

About the Opportunity Job Type: Permanent Application Deadline: 28 March 2025 Title                 Technology & Market Data Senior Sourcing Manager Department   Global Procurement, CFO Location          UK Reports To      Head of Sourcing Level                Senior Manager (Grade 6) We are proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Global Procurement team and feel like you’re part of something bigger. About your team Fidelity International Global Procurement function has a team of approximately 125 staff, based across the UK, India, Continental Europe, and Asia Pacific. The team report to Fidelity Global CFO and are organised into four sub teams of; Sourcing, Operations, Transformation & Risk. Procurement is involved in all aspects of the Procurement lifecycle and help manage over $800m of spend across 3000 suppliers in 26 countries. About your role This is a Senior Manager position reporting to the Head of Sourcing, with delivery accountabilities across the Technology & Market Data categories. Working as part of the wider global Procurement team, you will contribute to a variety of initiatives and provide on-going supply governance/risk management support for FIL Global procurement activity.  As a Sourcing Senior Manager, you will seek to achieve value for money services, maximise operational efficiency, and provide effective risk mitigation and operational controls across the range of supply arrangements FIL enters into. In addition; Lead and execute the development of Business Partnering including global category strategies for ‘active’ management; Demonstrate strong negotiation skills and sourcing category knowledge of Technology and Market Data suppliers and stakeholders; Have Excellent relationship management and communication skills are required to ensure you can become and been seen as a trusted adviser to the senior business stakeholders; Lead demand challenge and driving innovation, i.e. establishing longer range plans, assessing opportunities and leveraging market developments/industry best practises to drive efficiencies and global cost savings; Drive procurement processes and take responsibility for leading contractual negotiations. Ensure clear accountabilities, timelines and deliverables are established; support service owners when managing external supplier relationships Proactively manage new suppliers, services and service extensions ito maximise the benefits sought, e.g. financial, operational, risk mitigation etc; Undertake supplier review activities, including, but not limited to, supplier benchmarking & financial/risk assessment reviews; Ensure accurate and up to date of contracts and supplier records are maintained, and commercially sensitive information managed in line with Fidelity information security standards; Maintain awareness leveraging opportunities for and with other Fidelity Procurement teams globally; Keep internal stakeholders informed of procurement activities and progress through collaborative working and pro-active communication.  Establishing an engagement process & maintaining awareness with/alerting stakeholders of potential future procurement activity; Maintain awareness of industry developments and best practises.  Keeping abreast of potential new supply arrangements, latest products/services from a procurement perspective to prompt and promote innovation in FIL; Drive innovation and the continuous improvement of commercial standards and processes to strengthen procurement disciplines across the FIL organisation to maximise the value derived from / minimise the risk associated with the supply base. About you Ability to Develop and deliver mature category strategies. Strong market knowledge and evidence of working within Technology & Market Data categories Experience of working global Procurement programmes. Procurement function skills – extensive experience of leading concurrent procurement initiatives, contract negotiations, across a range of procurement categories in a global services organisation. Achieving results through working with senior business managers and procurement specialists embedded in regional business functions Strong team working skills, and ability to operate across teams, cultural and organisational boundaries Experience of working in an ambiguous environment Ability to multitask and prioritise workload with a strong attention to detail Excellent communication skills both written and verbal, and ability to visualise, articulate ideas and concepts succinctly Business aware and customer focused Strong negotiation, facilitation, and procurement leadership skills Demonstrate broad understanding of financial management principles (e.g. TCO, P&L etc) and other quantitative information to ensure procurement outcomes are both financially and qualitatively sound CIPS or equivalent qualification/experience Awareness of third party risk management regulations and the part that Procurement plays Feel rewarded For starters, we will offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com. As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.