AVP, Strategic Sourcing

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What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

The Strategic Sourcing & Procurement team at LPL Financial seeks an accomplished and dynamic professional to manage cross-functional negotiations across various categories. Are you skilled at building strong relationships and handling challenging conversations to create value through effective partnerships? Do you have proven experience in setting a clear commercial vision, reporting, performing under pressure, improving engagement models, and achieving outstanding financial results?

If yes, then this could be the role for you!

• Negotiates medium to high financial and risk contracts to drive value across Business, Product and Technology roadmaps. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs
• Collaborates with Third Party Risk, FP&A and Legal to conduct contract analysis, establish clear metrics of success and reduce third party risk.
• Partners to further establish LPL’s evolving location strategy and align third party contracts, vendor consolidation and contract renegotiations with this strategy.
• Mentors and develops sourcing talent, fostering a culture of continuous learning and improvement.
• Develops and implements category and sourcing strategies independent of the Sourcing category by collaborating with partners and incorporating a thoughtful understanding of the technical requirements, departmental strategies and market trends.
• Leads the RFx process through to completion, including requirements gathering, identifying potential respondents, scoring, weighting, negotiation and contracting.
• Ensures deep partnerships with strategic partners, reviewing financial trends and aligning vendors to LPL’s strategic vision.
• Influences and maintains strong internal relationships from the Executive level through to day-to-day operational functions.
• Aligns LPL in growth projections required for future success.

Step in as an integral contributor in the Vendor landscape, meet with key executives across various Business, Product and Technology units to understand impact, importance and dependencies for LPL. Partner with the Business, Sourcing and Third-Party Risk to gain an understanding of ongoing operational dependencies. Gain an understanding of the company’s goals and establish the draft strategy aligning LPL’s most strategic Vendors.

• 7-10 years of experience in Sourcing, preferably working in/setting up Global Capability Centers in India
• 5+ years as a leader developing, cultivating, and leading strong cross functional relationships driving maturity of the function
• Previous experience in contracting with Indian based entities
• Strong process leader who is detail oriented with demonstrated expertise on contract agreements and risk management
• Demonstrated experience in developing and cultivating a productive working rapport with Senior Executives
• Ability to drive data driven discussions and create a strategy/plan based on the data to drive results
• Expert communication skills, both written and oral, with ability to create/present executive presentations and serve as one of the recognized subject matter experts on the team
• Flexibility and organizational change management experience
• The ability to work in a cross-functional team and drive outcomes without having direct authority
• Actively anticipates, identifies, and manages risks within the company
• Expert consensus-builder who drives change across initiatives within and outside direct accountability and evaluates solutions to complex business challenges
• Negotiation experience with Financial Services / Wealth Management vendors

• Natural…