Senior Buyer - London, United Kingdom - LSEG (London Stock Exchange Group)
Description
Senior Buyer - TechnologyRole profile:
LSEG acquired Refinitiv in 2021. A transformation programme is currently underway to full realise the potential of the now integrated companies.
LSEG combined its procurement functions early in the integration phase and is continuing to enhance its own capabilities and maturity, whilst supporting the wider transformation programme.
Group Procurement is responsible for managing third-party supplier engagements, partnering with the business to drive high performance and sustainable value from our supplier relationships.
We aim to make LSEG easier and more attractive to do business with and we consider our suppliers as a source of competitive advantage and not just about cost.
We operate a business partnering and supplier relationship management (SRM) model, aligned to stakeholder groups and spend categories, ensuring value through early and strategic engagement and insightful vendor spend analytics.
- Supplier spend c £2BN and c. 5,000 suppliers
- Team structured around:
- Three towers aligned to the master categories of spend (Technology, Services and Corporate), focused on category management, sourcing, supplier relationship management and business partnering
- A Strategy & Performance centre, enabling function to drive and implement the strategy of the Group Procurement function, best in class procurement policy and processes
- Key hubs for the category teams in London, Bangalore and New York with a small amount of decentralised activity to support local markets which are in various global locations including Europe and Asia
The purpose of the role is to support the Category Lead and Category Managers with the delivery of the category strategy and deployment of the supplier relationship management program, ensure quality issues are resolved with the supply base and monitor the PR/PO pipeline.
Networks, Datacentres & Storage
Infrastructure
Cybersecurity
Cloud & End User
Capital Markets
Post Trade & Corporate
Innovation, D&A & Shared Tech
The total annual spend for Technology for the above categories combined is c £750m
The role will perform a combination of sourcing, supplier management and business partnering activities, with an emphasis on sourcing.
This role will report to one of the Category Directors and will be primarily be aligned to their Category, although the role may be required to support other Categories with Technology Procurement and the wider Group Procurement team from time to time.
Budget Responsibility:
None.
Direct Reports:
None.
Indirect Reports:
None
Key interfaces:
- With line management
- Category Managers and other buyers
- Group Procurement Centre of Excellence and Shared Services teams
- Business: Supplier business owners and budget holders, within the technology or business area associated with the category
- Key partnering functions: Finance, Legal, Third Party Risk Management
Key responsibilities of the role:
- Support the delivery of the category strategy and deployment of the supplier relationship management program_
Review pipeline and Purchase Requisition queue and liaise with the Category Lead and relevant Category Managers
Ensure purchase requests meet required standards - i.e. approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers
Ensure Category managers are kept informed
Keep abreast of market and industry developments. Able to make recommendations on alternate sources of supply to inform specifications
- Stakeholder engagement_
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