Global Head of Strategic Sourcing, SVP - Procurement

Overview

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non‑investment grade credit, real assets and secondary funds, all on a global basis.

The Senior Vice President, Global Head of Strategic Sourcing will lead our global sourcing team. This key strategic role is instrumental in optimizing our managed spend, managing supplier base and enhancing relationships, and driving value across our global portfolio.

• Lead global sourcing team to develop and implement sourcing strategies across technology, non‑technology and market data categories, balancing quality, performance, and costs.
• Ensure compliance with internal and external (global) regulations.
• Regularly review and evaluate sourcing procedures and processes, focusing on continuous improvement.
• Partner with technology teams to identify and implement technology solutions that will improve productivity and efficiency.
• Work with legal teams to optimize contract templates.
• Lead negotiations with key suppliers, securing favorable terms and conditions, driving value, and ensuring compliance with legal and regulatory requirements.
• Establish, regularly monitor, and publish key performance indicators (KPIs) to evaluate the effectiveness of sourcing area and initiatives.
• Manage team of category managers and buyers, focusing on team performance and development, as well as talent identification and development.
• Develop and maintain strong, fair, and ethical partnerships with vendors.
• Ensure acceptance and adherence to Blackstone processes and procedures.
• Conduct regular supplier reviews to manage performance and effectiveness, creating action plans as needed.
• Meet and collaborate regularly with internal stakeholders to understand needs, upcoming projects, and obtain feedback on sourcing performance.
• Be an advocate for supplier variety.
• Stay informed about area and industry trends, market dynamics, and emerging technologies to identify innovative solutions including sourcing models.

The duties and responsibilities described here are not exhaustive and additional assignments or responsibilities may be required of this position.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client‑facing role and/or if you are engaged in the following activities: attending client meetings, marketing Blackstone funds to clients, supervising or training securities‑licensed employees, structuring or creating Blackstone funds/products, and advising on marketing plans prepared by a sales team.

• 15+ years of professional experience with at least 10 years managing and developing sourcing teams.
• Experience in the financial sector is a plus.
• In‑depth knowledge of sourcing activities, processes, and procedures.
• Proven track record of successfully managing complex global sourcing projects and negotiations.
• Experience developing and conducting RFx, supplier analysis, and contracting.
• Strategic mindset with sound financial and business acumen, and well‑defined decision‑making skills.
• Dynamic team player, proactive, self‑starter with utmost professional integrity and ethics.
• Strong analytical and problem‑solving skills; ability to think outside the box, interpret data and make data‑driven decisions.
• Excellent organizational skills, detail‑oriented, effectively multi‑task and adapt to changing environments.
• Demonstrated leadership skills, with proven ability to build, motivate, and lead teams.
• Resilient, curious, and able to deal well with ambiguity.
• Excellent oral and written communication and interpersonal skills; maintains effective relationships internally and externally with strong customer service skills.
• Proficiency in Microsoft Office suite and other relevant…