Senior Buyer - Technology

Full Job Description

ABOUT US:

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.

Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG's ticker symbol is LSEG.

OUR PEOPLE:

People are at the heart of what we do and drive the success of our business. Our culture of connecting, creating opportunity and delivering excellence shape how we think. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We encourage teamwork and collaboration, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential.

We know that real personal growth cannot be achieved by simply climbing a career ladder - which is why we encourage and enable a wealth of avenues and opportunities for everyone to broaden and deepen their skills and expertise.

As a global organisation spanning 70 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.

Role profile:

Group Procurement is responsible for managing third-party supplier engagements, we consider our suppliers as a source of competitive advantage and not just about cost. We partner with the business to drive quality performance and sustainable value from our supplier relationships. We aim to make LSEG easier and more attractive to do business with and

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.

Some key characteristics of the LSEG Group Procurement organisation:

• 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 partnerships.
  • 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 Infrastructure Category Team with the delivery of the category strategy, Software renewals, Hardware purchases, Issue resolution with the supply base and monitor of PR/PO pipeline. Support SRM activities.

This role sits in the Technology, reporting to the Category Director for Infrastructure, one of the Technology category areas. The team is responsible for global procurement activities including engagement and ongoing management of third-party suppliers, the sourcing and vendor strategy, and roadmap for the Category.

The role will perform a combination of sourcing, supplier management and business partnering activities, with an emphasis on sourcing.

Although primary aligned to Infrastructure Technology category initially, this role may be required to support other categories within Technology and potentially support across Group Procurement.

Budget Responsibility: N/A.

Reports: None.

Key interfaces:

• Category Directors/Leads, Category Managers and other buyers
• Group Procurement Centre of Excellence and Shared Services teams
• Business: supplier business owners and budget holders
• Finance Business Partners
• Legal
• Governance touchpoints (Architecture, Cyber, Compliance)

Enter the key responsibilities of the role:

• Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope
• analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied.
• Handle the pipeline for the assigned Category of spend; Review pipeline and liaise with the Category Lead and relevant Category Managers
• Engage with business on renewals to ensure it is required and sized appropriately. Collaborate with technology, Legal, Finance and Security as appropriate with support from the Category Director and other Category Managers
• Ensure Business raise PO's. Support to ensure that purchase requests meet required standards, 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
• Support Category Leads or Category Managers with SRM activities.
• Support sourcing activities across the wider team as required depending on workload
• Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and opportunities
• Stay ahead of market and industry developments and make recommendations on alternate sources of supply where applicable.
• Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)
• Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies
• Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Director
• Monitor contract performance and able to identify when corrective action needed
• Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought
• Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement
• Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements

Enter the essential experience and skills required:

• 5 - 6 year experience in buying / procurement
• Commercially minded and proficient negotiator
• Ability to liaise and connect with suppliers
• Experience in market and category analysis
• Ability to assess, prioritise workload and meet timelines
• Strong IT skills (Office programs especially, Procurement systems desirable), ability to provide management information to assist sourcing and contract management process
• General analytical, problem solving, and decision-making skills
• Pro-active behaviour that demonstrates initiative and positive work ethic to ensure activities are delivered to the required time, budget and quality
• Ability to work with other category teams, both a local and an off-shore to deliver services to internal and external stakeholders
• Strong communication skills (written and verbal)
• Experience or familiarity with one or more of the following technology Procurement categories:
  • Software Licensing agreements and software renewals
  • Technology Hardware (e.g. Servers, Routers, Switches, Mainframes, Storage)

Desirable

• Procurement / supply operation qualification, e.g. MCIPS or IAACM, or working towards the qualification
• Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTechs; Global, multi-country organisations preferred
• Educated to degree level

Values and Behaviours

Personally demonstrates and leads their team to live the LSEG Values and Behaviours

Connect: We work as one company to serve our customers. We unify to get the best from our people and to deliver the greatest value for our customers. We break down silos, bringing together data, products, people and partners globally in new and better ways. We behave as a truly global organization, creating inclusive teams who work in partnership with our customers and stakeholders

Create opportunity: We have the courage to think differently. We are proud of our heritage yet not constrained by it. We're curious and willing to disrupt ourselves. We expand our horizons and recognise that brilliant ideas and perspectives can come from anywhere. We shape markets in ways that create sustainable value for society and create an impact we're proud of.

Deliver excellence: We deliver to the highest standards. Good enough isn't good enough - we constantly challenge ourselves to be better. We deliver on our commitments and take ownership of every aspect of our work. We know that financial communities depend on the integrity of our infrastructure and data, and never compromise on stability and resilience.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership , Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

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