Strategic Sourcing Specialist

• Support the Banking & Investment Services category and drive value throughout the procurement lifecycle
• Develop and execute strategic sourcing strategies
• Lead supplier negotiations and supplier selection
• Deliver cost optimization, operational efficiencies, risk mitigation, and enhanced supplier performance
• Manage supplier relationships within the category
• Lead end-to-end competitive sourcing events, including RFI, RFP, and RFQ processes
• Develop sourcing materials, engage suppliers, and coordinate cross-functional evaluations
• Analyze supplier proposals, market data, spend, and business requirements
• Negotiate commercial terms, pricing, service levels, and contracts
• Support contract drafting, redlining, execution, renewals, amendments, and new projects
• Collaborate with business, finance, IT, legal, and risk stakeholders
• Advise stakeholders on supplier capabilities, market trends, and sourcing approaches
• Facilitate cross-functional alignment and informed decision-making
• Identify and implement cost savings, efficiency improvements, and supplier consolidation opportunities
• Manage multiple sourcing initiatives, timelines, deliverables, and stakeholder expectations
• Ensure sourcing and contracting activities comply with procurement policies, governance standards, and risk requirements
• Participate in special projects and perform other duties as assigned

• 5 years or more of experience in strategic sourcing, contract management, or a related business function
• Undergraduate degree or equivalent combination of training and experience
• Experience supporting or leading competitive sourcing events, including RFI, RFP, and RFQ
• Experience reviewing, negotiating, or administering supplier contracts and commercial terms
• Strong analytical and problem-solving skills
• Ability to evaluate supplier proposals, pricing models, and business requirements
• Effective verbal and written communication skills
• Ability to influence and collaborate across multiple stakeholder groups
• Ability to build relationships and communicate with stakeholders at multiple organizational levels
• Ability to navigate cross-functional decision-making processes
• Strong organizational skills and ability to manage multiple priorities and deadlines
• Proficiency in Microsoft Office, including Excel, PowerPoint, and Word
• Must not require visa sponsorship;
  Vanguard is not offering visa sponsorship for this position

Demonstrates expertise in strategic sourcing, contract management, and supplier negotiations, with a strong focus on cost optimization and operational efficiencies. Proven ability to analyze supplier proposals and collaborate with cross-functional teams to drive informed decision-making.

• Strategic Sourcing
• Contract Management
• Supplier Negotiation
• Analytical Skills
• Cross-Functional Collaboration

• Competitive Sourcing Events
• RFI
• RFP
• RFQ
• Supplier Proposal Analysis
• Contract Drafting
• Cost Optimization
• Risk Mitigation
• Supplier Performance Management
• Market Data Analysis

• Effective Communication
• Problem-Solving
• Relationship Building
• Organizational Skills
• Influencing Skills

• Procurement Lifecycle
• Supplier Selection
• Cost Savings
• Governance Standards
• Stakeholder Engagement

• Microsoft Office
• Excel
• Power Point
• Word