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Senior Associate, Procurement Shared Services

London Stock Exchange Group
Bangalore, India
Closing date
Jul 23, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The key responsibilities of the role:

Support the delivery of the category strategy and deployment of the supplier relationship management program

Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. 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 Engage the appropriate business stakeholder or vendor manager to get PO raised 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 depending on workload Assist Category Lead and Category Managers with the PR/PO approvals

Review pipeline and Purchase Requisition queue and liaise with the Category Lead and relevant Category Managers

Ensure purchase requests 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

Ensure Category managers are kept informed

Keep abreast of market and industry developments. Able to make recommendations on alternate sources of supply to inform specifications

Stakeholder engagement

Engage with key stakeholders across the business and key functions such as Legal, Finance and HR 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

Information technology

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 so as to maintain procurement and planning efficiencies

Contract management

Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Lead..

Monitor contract performance and able to identify when corrective action needed

Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought

Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, 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

The essential experience and skills required:
  • +5-year experience in buying / procurement
  • Desirable experience in Procurement categories Contingent Labour and Business Consulting preferred, although not required as full training will be provided
  • Commercially minded and proficient negotiator
  • Ability to liaise with and manage suppliers
  • Experience in market and category analysis
  • Experience in working with SOW's / contracts
  • Ability to assess, prioritise workload and meet deadlines
  • Strong IT skills (Office programs especially, 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
  • 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
  • The ability to 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 off-shore to deliver services to stakeholders
  • Strong communication skills (written and verbal)
  • Educated to degree level
  • Procurement / supply operation qualification, e.g. MCIPS or IAACM, or working towards the qualification
  • Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTechs; Global, multi-country organisations preferred
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. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

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

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.

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.

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