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Head of Technology Sourcing and Category Management

Invesco

Invesco

IT
Atlanta, GA, USA
Posted on Thursday, November 9, 2023

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.

If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!

Job Description

The Department

The Global Procurement team is responsible for global 3rd party spend across the spectrum of goods and services acquired by the company. This includes Information Technology, Marketing, Facilities Services, Professional Services and Financial Technology/Market Data.

Your Role

As the Head of Technology Sourcing and Category Management, you will be responsible for leading and managing the sourcing and category strategies, ensuring the procurement team achieves optimal cost savings, quality, and efficiency in the procurement process. Invesco’s Technology category includes Enterprise Software, Cloud & Data Centers, Hardware & Telecom, and Investment Platforms. You will collaborate with cross-functional teams, suppliers, and stakeholders to drive continuous improvement and deliver exceptional results.

You will be responsible for:

  • Develop and implement sourcing and category strategies aligned with Invesco’s strategy and objectives.

  • Maintain full sourcing pipeline for their category, proactively addressing cost impacts and pursuing mitigation and savings strategies.

  • Collaborate with internal stakeholders across Functions and Business Lines to understand their requirements and develop category strategies aligned to requirements, growth and cost profile.

  • Drive supplier relationship management initiatives, fostering strong partnerships and continuous improvement for key supplier relationships in the category.

  • Monitor and evaluate supplier performance, implementing corrective actions when necessary to ensure compliance with quality, delivery, and service level agreements.

  • Lead a team of procurement professionals, providing guidance, coaching, and support to ensure high performance and achievement of targets.

  • Drive the key, material sourcing events in their category (RFx, Renewals, sole source negotiations) along with contract negotiations.

  • Support the category team to identify, evaluate, and select suppliers based on their capabilities, quality, cost, and delivery performance.

  • Challenge new, material supplier requests within the category, working with the business on the optimal solution.

  • Conduct market research and analysis to identify trends, opportunities, and risks in the sourcing and category landscape (i.e. Porter’s Five Forces, Gartner, Hackett, etc)

  • Stay updated on industry best practices, emerging technologies, and market trends to drive innovation and efficiency in the procurement process.

  • Monitor and report on key performance indicators for their category, providing regular updates to senior management on category performance and achievements.

The experience you bring:

  • Bachelor's degree in Business Administration, Supply Chain Management, Computer Science or a related field. Master's degree preferred.

  • Minimum 10 years experience in procurement, strategic sourcing, and category management, and technology preferably in a leadership role.

  • Strong knowledge of procurement best practices, market trends, and supplier management.

  • Excellent negotiation, contract management, and supplier relationship management skills.

  • Demonstrated ability to lead and develop high-performing teams.

  • Exceptional analytical and problem-solving skills, with the ability to make data-driven decisions.

  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and stakeholders.

  • Strong project management skills, with the ability to prioritize and manage multiple projects simultaneously.

  • Proficiency in procurement software and tools.

  • Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are a plus.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.

What’s in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

  • Flexible time off and opportunities for a flexible work schedule

  • 401(K) matching of 100% up to the first 6% with additional supplemental contribution

  • Health & wellbeing benefits

  • Parental Leave benefits

  • Employee stock purchase plan

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.