Charles Schwab Corporation

  • Senior Sourcing Manager, Market Data

    Job Locations US-CO-Lone Tree | US-AZ-Phoenix | US-TX-Westlake | US-TX-Austin
    Requisition ID
    Posted Date
    2 days ago(10/15/2019 11:19 PM)
    Human Resources & Administrative
    Position Type
    Full time
  • Your Opportunity

    Corporate Vendor Management (CVM) at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor relationship management process to maximize vendor performance and value. CVM provides strategic sourcing support; identifies, mitigates, monitors, and manages vendor risk; and assists Schwab in meeting regulatory and compliance requirements. The CVM organization is currently seeking to expand category management and strategic sourcing capabilities in the Market Data sourcing space.


    In addition to sourcing, CVM also partners with business units to identify, mitigate, monitor, and manage vendor risk; and assists Schwab in meeting regulatory and compliance requirements.

    What you’re good at

    • The Senior Sourcing Manager, Market Data, will play an essential role within Corporate Vendor Management (CVM) by providing business partners with category management leadership, planning and expertise.
    • The Market Data sourcing role will develop and manage a category plan for vendors that provide market data or market data related technology and services, which includes pricing, indices, research, news, reference, and fundamentals data. The Senior Manager will develop a category plan through the analysis of supplier inventory, industry trends, business requirements and corporate risk tolerance.
    • This position will be responsible for fostering strong relationships with senior Schwab stakeholders in several core business units; developing, maintaining and executing Market Data category sourcing plans; managing all aspects of the strategic sourcing lifecycle; as well as collaborating with Risk groups and Corporate Legal Services, as required, on vendor engagements. 
    • The Senior Manager will lead competitive sourcing events to identify competitive vendors or alternative solutions that will generate leverage and drive favorable pricing. Managing competitive sourcing events will including the review and analysis of proposals, negotiation of commercial terms and the creation of presentations or reports to support management approvals of multi-year vendor agreements. Additionally develop, review, and manage any ad hoc documents requiring special risk and legal reviews.
    • Provide economic analysis of vendor proposals and various internal management inquiries for existing or potential vendor expenditures. Identify and document both internal and external risks associated with market data transactions.
    • Work with Finance, Legal, Risk and other subject matter experts within Schwab to ensure that that policies and procedures and followed and met. 
    • The Senior Manager will also ensure that industry-leading procurement services and tools are utilized to support growth relationships for our suppliers and business partners. The Senior Manager position will not manage people; it is an individual contributor role.

    What you have

    • 7+ years of experience in the sourcing of Market Data, category management expertise, strategic sourcing, consulting, vendor management, risk management and/or procurement (required)
    • The ability to lead cross-functional teams and build category management plans that maximize value and mitigate risks while ensuring internal stakeholders’ requirements are met
    • Proven track record of building effective working relationships with senior level business partners and internal / external stakeholders
    • Self-starter, able to manage multiple projects and succeed in a dynamic, fast-paced environment with minimal direction
    • Strong negotiation skills and understanding of contract law and risk requirements
    • Expertise in sourcing policy, procedures and processes
    • Flexible and adaptable in handling/implementing change and understands how change will impact the team, internal Business Partners and vendors
    • Ability to apply change management and consulting skills / knowledge and expertise
    • Strong oral and written communication skills
    • Strong research and analytical skills
    • Strong interpersonal, problem solving, conflict resolution, facilitation, and negotiation skills
    • Proficiency in Excel (required) and experience with Ariba, Hiperos, PeopleSoft and / or Access is a plus
    • Bachelor’s degree or equivalent experience


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