The Role
The senior manager role on Fidelity Procurement’s strategic sourcing team leads Procurement projects of medium to high level complexity, typically in support of a single business group. This role will work with business partners to improve Fidelity’s position to broker for the right products, at the right price and contractual terms. Individuals should possess experience working across many business segments, including technology, marketing, financial services, and consulting services. They should exhibit strong communications skills as they partner with Fidelity leaders across our business units to achieve stronger scale and efficiency for Fidelity.
Strategize with key business and technology leaders to develop vendor and product strategies
Marshal the sourcing effort, including commercial and contract terms for each project
Align and coordinate with colleagues from risk-based groups to ensure risk mitigation of supplier contracts
Seek to achieve outstanding pricing with suppliers
Consistent education and enforcement of procurement and risk policies
The Expertise and Skills you Bring
BS/BA in business administration or 5-8 years of equivalent experience in Procurement
Background in sourcing, contracting, or related experience in vendor or product management
Experience evaluating, negotiating and contracting with suppliers
Ability to lead/ influence cross-functional teams through procurement projects
Ability to assess risk and translate requirements to viable business solutions
Experience with business analytics, developing and presenting business cases and recommendations to decision-makers
Experience working with leaders at all levels, from the front lines to the C-Suite
Must be able to communicate effectively and professionally, verbally and in writing, to all levels of the organization
Flexibility to changing needs and process requirements
Commitment to drive data stewardship to ensure data integrity
Excellent time management skills with an ability to multi-task
Extremely strong process orientation and demonstrated continuous improvement skills
Supplier relationship skills; continuously, but constructively, demanding of supplier performance
Passion for improving quality and reducing costs – passion for driving optimum business outcomes
Capable of performing financial, technical and performance evaluations of suppliers
Excellent organizational skills
Consistent track record of teamwork
Excellent communication and people skills
The Team
Fidelity procurement helps Fidelity business partners make smart purchasing decisions that reduce risk and maximize value for the firm. Your impact will be realized as you assist our business partners in engaging Procurement to secure products and/or services through new vendor or existing vendor relationships. Your impact will be proven through the savings you are able to return to the firm.
Note: Fidelity is not providing immigration sponsorship for this position
Certifications:
Category:
Procurement
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Boston, MA
Fidelity Investments is a privately-owned investment management company that was established in 1946 as a mutual fund company. Fidelity now offers a range of services including fund distribution and investment advice, wealth management, life insurance, retirement services, and securities execution and clearance. It manages equity, fixed income, and balanced mutual funds for individual investors, businesses, financial advisors, and institutional investors.
Based in Boston, Massachusetts, it is one of the largest investment management firms in the United States, with over 26 million customers, $6.5 trillion in total customer assets, and more than $2.4 trillion in global assets under management
History of Fidelity Investments
The Fidelity Fund was established in 1930, a year after the stock market crash of 1929 and before the Great Depression of 1933. The fund continued to operate until 1943 when it was acquired by Boston-based lawyer Edward C. Johnson II. At the time, the fund reported assets under management valued at $3 million. In 1946, Johnson II founded the Fidelity Management and Research Company, now Fidelity Investments, to serve as an investment advisor to the Fidelity Fund. When running the fund, Johnson’s objective was to buy stocks with a potential for growth, and not necessarily blue-chip stocks.
Fidelity Investments Operations
Fidelity Investments operates several businesses, with the main ones being mutual funds and brokerage services. The mutual fund division comprises three divisions – equity, high-income, and fixed income divisions. The company operates Fidelity Contrafund, the largest non-indexed mutual fund in the United States, with over $107.4 billion in assets. Fidelity Investments also owns Fidelity Magellan, which was at one time managed by former CEO and President Ned Johnson. Fidelity Magellan manages assets totaling $15.5 billion.