Senior Sourcing/Procurement Manager

Want a meaningful career where you can make a difference? Edward Jones sounds perfect for you.Collaboration. Autonomy. Opportunity. Words our headquarters associates use when talking about working at Edward Jones. Words that describe what it's like being part of a firm where everyone is aligned toward a singular focus: serving the client. And everyone is working to make the firm better together - as they grow as individuals. If these words resonate with you, we should talk.Job OverviewPosition Schedule: Full-TimeResponsibility Summary:The Senior Sourcing Manager is responsible for negotiating vendor contracts on behalf of business units, with a primary focus on high value and highly complex sourcing initiatives. Negotiations include contract terms (e.g. Indemnification, Limitation on Liability, Confidentiality provisions, etc.) and pricing. This role is responsible for partnering with business units to develop a deep understanding of their strategic goals and lead projects which require vendor relationships. This role requires the Senior Sourcing Manager to integrate with various business units to understand requirements for new projects, as well as firm-wide impacts associated with initiatives. The Senior Sourcing Manager must possess a high level of thought leadership, systems thinking, and analytical capabilities. These skills will be employed to identify, communicate, and implement supply-base opportunities to achieve the best solution for the firm through a mix of cost savings, cost avoidance, and risk mitigation strategies. This role requires an ability to build deep relationships with decision-makers and influencers within business units, communicate effectively, and plan strategically in order to drive progress across sourcing initiatives and influence firm leadership.In the role, Senior Sourcing Managers must:

Lead multiple, concurrent sourcing initiatives in a cross-functional team environment that will include strategy, vendor selection, market intelligence, vendor and product viability and contract execution.

Lead the negotiation of complex commercial and contractual terms with executives and legal representatives.

Direct Senior Leaders towards the best purchasing decision by balancing solution cost with business requirements.

Support the talent development of the Sourcing team by mentoring Buyers, Sourcing Specialists, and Sourcing Managers while sharing knowledge, experience, expertise, and leading practices across Divisions

Define and develop proactive Sourcing Plans which take into consideration related initiatives over a 12-18 month timeline, divisional goals and objectives, supply-market dynamics, and insights across key areas of spend, while leading the execution of those plans through collaboration with Sourcing Leadership.

Develop sourcing strategies to support Firm Programs.

Collaborate with Divisions, Senior Leaders and Sourcing Leaders to manage and execute defined Sourcing Plans through the development and distribution of RFx's (RFI, RFQ, RFP), vendor communication, development of vendor selection criteria, and collaboration with cross-functional teams including business owners and legal.

Identify and cultivate relationships with strategic vendors at the executive level

Collaborate with Sourcing Leadership, Sourcing Managers, Sourcing Specialists, and Buyers to ensure work is properly aligned to resources

Maintain accurate records and data within the contract management system and other related sourcing tools

Use procurement tools and systems to create operational efficiency and visibility across the enterprise

Identify and pursue ad hoc opportunities to reduce product/service costs and lead the implementation of operational improvement initiatives

Applicants must possess a passion for continuous learning and ability to coach others within the department.At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:Hiring Minimum: $92351Hiring Maximum: $157245Skills/RequirementsQualifications Required in the Job:

Bachelor's degree required. Master's degree in Business, Law, Information Systems or Supply Chain Management preferred.

Requires a minimum of 10 years related work experience, preferably involving negotiation and contracts

Understanding of Supply Chain management concepts and procedures

Comprehensive understanding of legal and contracting environments

Diverse understanding of operating environments of areas such as Finance, HR, Marketing, IS.

Ability to identify and avoid potential conflict of interest to ensure ethical business standards and practices are followed.

Ability to communicate highly complex cost models, risk, and business concepts at the most senior levels throughout the firm and with any given vendor

Strong people and project management / organizational development skills required

Demonstrated ability to influence without authority and communicate upward and across divisions are required.

Problem Solving:As a financial institution, many issues are governed by regulation, internal policies, procedures and guidelines which give guidance, but also present constraints in problem solving.

Ability to quickly determine the strategic impact of a project and assess risk and business impact

Ability to independently bring a negotiation to close with the best possible outcome for the firm

Partner with Stakeholders to identify cost savings opportunities, efficiencies and cross divisional impacts and reduce risk to the firm

Ability to learn to interpret legal document architecture and language

Ability to logically break down problems and provide multiple options for resolutions

Ability to develop creative solutions to business issues and vendor negotiations

Lend expertise and provide direction to buyers and more junior negotiators when difficult or unusual problems are encountered.

Ability to identify and execute internal process improvements within the team and cross-functionally.

Decision Making:This position has a high level of autonomy. Initiatives are reviewed with colleagues and leaders; however the Senior Sourcing Manager is responsible for working directly and independently with the business areas to develop a strategic solution that incorporates the business needs, while minimizing the business, legal and regulatory risk.

Ability to identify and analyze a situation to make the most prudent and cost effective decision considering all available data

Most decisions have a high degree of complexity as each firm contract is different and can impact firm earnings.

Leads multiple business initiatives at one time

Span of Influence:This position has influence over vendor and product recommendations which can impact the entire firm - including the local branch offices. This position is seen as a subject matter expert and acts as a consultant for business areas having needs in contract formation, negotiation strategy and contract execution. Business areas look to Sourcing to provide sound advice and ask the difficult questions to ensure the firm is making the correct decision. This position regularly interacts with the firm's Senior Leaders, Legal department, and Partners as well as vendor Senior Executives (C-Level). Contracts can be in place for multiple years and control millions of dollars in potential firm spend.This position has no direct supervisory responsibilities; however the Senior Sourcing Manager is responsible for understanding the impact of all initiatives associated with an assigned business impact. Senior Sourcing Manager is responsible for:

Categorizing risk associated with an initiative and providing leadership recommendations related to level of complexity

Mentoring and providing guidance to Buyers and Sourcing Specialists to ensure business unit needs are met

Awards & Accolades

100 Best Workplaces for Millennials in 2022, published Fortune July 2022, Great Places to Work® data as of March 2022. Compensation provided for using, not obtaining, the rating.

Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Places to Work® and Fortune® magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list.

2022 Fortune Best Workplaces for Women, published September 2022, research by Great Places to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.

Edward Jones has been named to the 2022 Best Workplaces for Women list by Great Places to Work® and Fortune® magazine, ranking No. 45.

2022 Fortune's 100 Best Companies to Work For, published April 2022, research by Great Place to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.

For the 23rd time, Edward Jones has earned a spot on the Fortune 100 Best Companies to Work For® ranking by Great Places to Work® and Fortune® magazine. Edward Jones ranked No. 35 on the prestigious 2022 list.

2022 Best Places to Work For LGBTQ+ Equality, Great Place to Work® in partnership with Human Rights Campaign Foundation, published Equity Magazine January 2022, data as of July 2021. Compensation provided for using, not obtaining, the rating.

Edward Jones scored 100 percent on the Human Rights Campaign Foundation's 2022 Corporate Equality Index (CEI) the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The ranking designated Jones as one of the best places to work for LGBTQ+Equality.

About UsAt Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.#LI-HO