Head of Strategic Sourcing, SVP - Blackstone Technology & Innovations

Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $975 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Blackstone Technology & Innovations

Blackstone Technology & Innovations (BXTi) is the technology team at the core of each of Blackstone's businesses and new growth initiatives. Serving both internal and external clients, we work to build the next generation of systems that manage risk, create efficiency and improve transparency within the firm and across our broad community of investors and portfolio companies.

Blackstone's Global Procurement department seeks a highly motivated, intelligent, and client-focused individual with excellent leadership, communication and negotiating skills to manage a team of category managers and buyers. In addition to managing the sourcing team, this person will lead strategic negotiations with critical suppliers, and explore opportunities for continuous improvement to improve transparency and increase efficiency.

Responsibilities:

• Manage and lead the strategic sourcing of Technology, Non-Technology and Market Data categories
• Review and manage productivity of category managers and buyers
• Develop metrics, KPIs and SLAs to manage the team performance and to report to management
• Develop talent by setting objectives and providing continuous feedback
• Evaluate sourcing procedures and processes - and develop a list of continuous improvement opportunities and execute those that deliver the most value to the organization
• Explore technology solutions and partner with the technology teams to identify and implement solutions that will improve productivity and efficiency
• Effectively manage the sourcing intake queue, expected delivery dates and priorities of outstanding contracts/agreements/orders
• Meet regularly with stakeholders to understand needs and future projects and to obtain feedback on sourcing performance
• Provide and improve transparency reports on status of sourcing projects
• Negotiate contracts with key suppliers, including costs and terms of supply, service, and quality.
• Review negotiating strategies and value achievement summaries on larger transactions
• Work with attorneys to propose language and redline contracts based on Blackstone's standard playbook
• Developing strong partnerships with suppliers and maintain strategic sourcing relationships
• Be an advocate for Supplier Diversity and provide recurring status reports on progress

Qualifications:

• 15+ years of professional experience with at least 5 years of experience managing developing sourcing teams
• Excellent team player
• Outstanding negotiation abilities
• Knowledge of and experience with GDPR, DPAs and DPIAs
• Experience developing and maintaining project schedules and delivering completed work product on time in a fast-paced environment
• Strong decision-making & problem-solving skills, excellent oral and written communication skills combined with the ability to maintain effective relationships internally and externally with a strong customer service orientation.
• Demonstrated experience with standard business software such as Microsoft Word, Excel, PowerPoint, Office 365, Coupa, etc.
• Bachelor's degree in Supply Chain Management, Finance/Accounting or Business Administration; an MBA would be a plus

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$175,000 - $225,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.