Strategic Sourcing & Category Senior Associate

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.

Pay and Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role

This role is responsible for supporting the execution of the company’s IT Sourcing strategy, including hardware, software, telecom/networking, private cloud, public cloud, and IT professional services. The Senior Associate will execute sourcing initiatives across IT categories and partner closely with IT stakeholders to drive value, mitigate risk, and support alignment with DTCC’s financial and operational objectives.

The Senior Associate will collaborate across the organization with Finance, Legal, Third-Party Risk, Procurement Operations, and IT stakeholders to execute sourcing initiatives and support the delivery of strategic sourcing outcomes. The ideal candidate will be able to quickly ramp into active sourcing initiatives, manage multiple workstreams, and operate effectively with guidance from IT Strategic Sourcing leadership.

Job Description

• The Senior Associate, IT Strategic Sourcing will have cross-functional responsibilities including the following:
• Partner with IT stakeholders to support the execution of sourcing strategies aligned to business needs and control objectives.
• Manage sourcing initiatives across IT categories, including RFx development, supplier evaluation, commercial analysis, and contract negotiations.
• Serve as a hands-on sourcing professional responsible for developing RFx materials, conducting commercial and contractual analysis, and supporting sourcing initiatives through completion.
• Support supplier relationship management activities to promote effective performance, value delivery, and risk mitigation.
• Execute sourcing processes, including contracting and downstream procurement activities, in alignment with policies and procedures.
• Proactively manage assigned renewals and sourcing pipelines to drive savings and minimize business disruption.
• Support vendor QBRs and performance discussions for key suppliers.
• Analyze spend and contract data to identify savings opportunities and support sourcing decision-making.
• Execute sourcing initiatives against defined financial, operational, and risk-based objectives.
• Coordinate with internal stakeholders to ensure sourcing timelines, requirements, and deliverables are effectively managed.
• Support and participate in supplier negotiations to achieve competitive pricing and contractual terms.
• Contribute to the development and enhancement of sourcing processes, tools, and reporting.
• Partner with IT Strategic Sourcing Directors and Associate Directors to execute category strategies, sourcing priorities, and performance targets.
• Collaborate with other members of the Strategic Sourcing team and share sourcing knowledge and best practices.

Qualifications

Minimum of 6 years of IT Strategic Sourcing or procurement experience in a global organization, preferably within financial services.

Bachelor's degree preferred or equivalent experience

Experience executing RFx processes and managing sourcing initiatives and negotiations across IT categories, including hardware, software, telecom/networking, cloud, and professional services.

Demonstrated hands-on sourcing experience, including developing RFx materials, performing commercial analysis, and supporting or executing contract negotiations.

Solid understanding of enterprise IT vendors and sourcing dynamics across multiple technology categories.

Ability to quickly ramp into active sourcing workstreams and contribute with limited onboarding.

Strong communication skills with the ability to translate sourcing concepts for business and functional stakeholders.

Strong analytical, organizational, and execution skills with the ability to manage multiple priorities.

Ability to operate independently on assigned responsibilities with appropriate guidance and escalation.

Experience working in regulated environments with an understanding of financial, legal, and operational controls.

Experience supporting supplier performance management, including SLAs and KPIs.

Experience with procurement systems (e.g., Oracle, Fieldglass) preferred.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.