Director Strategic Sourcing

Job Title: Strategic Sourcing – TechnologyPay Range: $90 to $100/hrLocation: New York, NY - HybridDuration: 03+ Months, Possible Contract to hireStrategic AdvisoryServe as a strategic advisor to all levels of management on all matters related to sourcing and procurement, offering insights and recommendations to optimize the vendor portfolio and achieve corporate transformation objectives.Build and deliver executive-ready presentations using advanced analytics (Power BI, SQL, Tableau) to support sourcing decisions and business cases.Contribute to enterprise-wide cost optimization programs by identifying and accelerating high-impact sourcing initiatives.Sourcing Strategy DevelopmentConduct rigorous external spend analysis to uncover opportunities for cost optimization.Design and execute comprehensive sourcing strategies to reduce cost, improve delivery resilience, and streamline vendor portfolios through:Competitive biddingProofs-of-conceptsDemand managementSupplier consolidationProcess reengineering effortsAlign sourcing strategies with the company’s overall business goals, ensuring cost-effectiveness and quality.Cross-Functional CollaborationWork closely with internal stakeholders to align sourcing strategies with enterprise cost targets and transformation goals.Build and manage cross-functional cost optimization programs to drive accountability and transparency in sourcing decisions.Supplier Relationship ManagementBuild and maintain strong relationships with key suppliers.Negotiate and draft favorable terms into contracts, ensuring the highest standards of quality and service.Market AnalysisConduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain.Prepare PowerPoint decks to support informed sourcing decision-making.Risk ManagementIdentify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions.Cost ManagementImplement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance.People ManagementRecruit, coach, mentor, and indirectly manage junior staff as necessary.Experience Required10+ years of experience in strategic sourcing or supply chain strategy in a complex, global environment—ideally within financial services, tech, or consulting.Proven track record of success in a technology-related strategic sourcing advisory role.Experience working on enterprise-level software and hardware purchase agreements with companies such as:AnthropicOpenAIMicrosoftAWSGoogleAdobeIBMSnowflakeExperience working in or partnering with a Financial Planning and Analytics function or other budget-setting and spend tracking function.Exceptional program and stakeholder management skills with a strong bias for execution.Strong command of procurement analytics and ability to translate data into actionable insights and persuasive narratives.Expertise with:Category planningCompetitive bidding techniques (RFI, RFP, RFQ)Creation of business casesVendor selectionVendor risk due diligenceOperations managementVendor dispute/escalation managementFinancial modelling skills to build:Multiple negotiation scenariosTotal cost of ownership (TCO) modelsConsumption modelsDemand forecasts based on spend analytics and other data sourcesDepth in drafting, redlining, and negotiating global contracts, including experience drafting service level agreements (SLAs).Solid understanding of contract law, including demonstrated ability to understand, interpret, and articulate key legal terms in agreements.CompetenciesHighly strategic thinker with a proactive approach to challenges and opportunities.Superior analytical skills, including the ability to translate analyses into negotiation strategies and results.Strong leadership and interpersonal skills, with the ability to work effectively in a team-oriented environment.Ability to elicit support for key initiatives from senior management and other key stakeholders by building and delivering clear, well-structured presentations.Detail-oriented and organized, with a commitment to excellence and continuous improvement.Adaptable and resilient, with the ability to thrive in a fast-paced and dynamic business environment.Willingness to adapt working hours to meet business needs and deadlines, understanding that most of the supplier portfolio is comprised of firms based in the United States.Proficient MS Office skills, including experience using CoPilot and other AI software products.EducationBachelor’s Degree preferred in:AccountingFinanceComputer ScienceEngineeringEconomicsData ScienceOperations ResearchTechnologySupply Chain ManagementEntrepreneurshipAdvanced degrees preferred in:BusinessSciencesEngineeringLawRelated fieldsBenefits Info:Russell Tobin offers eligible employees comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness).