CPS Sourcing Director, Non-IT
DTCC
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Job Info
- Job Identification 209975
- Job Category Corporate Procurement Services
- Posting Date 25/04/2025, 19:10
- Locations 570 Washington Blvd, Jersey City, NJ, 07310, US 18301 Bermuda Green Dr, Tampa, FL, 33647, US
- Job Schedule Full time
- Salary Range Director-125,000-220,000-USD
- FLSA Status Exempt
Job Description
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
Your Primary Responsibilities:
- Partner with customers to create a sourcing strategy that aligns with the needs of the business while meeting financial and operational control objectives
- Develop and manage relationships with key vendors, fostering strategic partnerships that enable continuous value-delivery.
- Ensure compliance with policy, process, and systems for all category spend.
- Oversee the full lifecycle of strategic sourcing (including RFx), contracting, and downstream procurement workflow.
- Pro-actively manage renewals to drive savings and mitigate business disruptions.
- Promote the sourcing and procurement function to ensure business owners understand Sourcing’s value proposition and how to effectively partner with the Sourcing team.
- Lead value driven QBRs for key vendors.
- Leverage spend and contract data to identify savings and efficiency opportunities
- Leverage experience to enhance the impact of sourcing levers including spend analysis, RFx tools and templates, contract management, and preferred supplier programs.
- Develop, report on, and analyze important metrics and drive a culture of process improvement across the sourcing categories.
- Lead sourcing projects by identifying clear objectives that consider financial, risk, and operational benefits for DTCC.
- Collaborate with customers and other key partners to ensure the Sourcing model continually meets the changing needs of the organization
- Continuously develop subject matter expertise via benchmarking/research, industry/peer collaboration, training, and client feedback.
- Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals
- Lead, mentor, and develop less experienced members of the sourcing team.
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
Qualifications:
- Minimum of 10 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success:
- Deep experience with business category management, sourcing opportunity assessment, strategic sourcing, and supplier management.
- Proven success developing RFXs and negotiating professional services contracts
- Extensive knowledge of enterprise vendors as well as emerging technology providers
- Outstanding communication skills, including the ability to simplify complex sourcing and contractual concepts into terms that can be understood by business, legal, finance, and risk partners.
- Expert level Excel analytics, reporting, and PowerPoint skills
About Us
DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.
Learn more about Clearance and Settlement by clicking here.
About the Team
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