Global Head of Strategic Sourcing, SVP - Procurement

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.

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* The Role:

** We are seeking a dynamic and experienced Senior Vice President, Global Head of Strategic Sourcing to lead our global sourcing team. This is a key strategic role instrumental in optimizing our managed spend, managing supplier base and enhancing relationships, and driving value across our global portfolio. The ideal candidate will possess a strategic mindset with deep understanding of and experience with sourcing, exceptional negotiation and team management skills.

The role is full time based in Miami, FL.
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* Key Responsibilities:

*** 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 the 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
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* Qualifications:

*** 15 + years of professional experience with at least 10 years of experience managing developing sourcing teams.
* Experience in 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 outmost professional integrity and ethics
* Strong analytical and problem-solving skills; 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 skills in building, motivating, and leading teams
* Resilient, curious, and deals well with ambiguity
* Excellent oral and written communication and interpersonal skills; maintains effective relationships internally and externally with strong customer service skills
* Proficiency in MS Office suite and other relevant software (Coupa knowledge a plus)
* Bachelor’s degree in Supply Chain Management, Finance/Accounting, or Business Administration; an MBA would be a plus
* Experience working in international and fast-paced…