• Business Finance and Spend Management, Strategic Sourcing, Professional Fees, Associate

    Location(s) US-NJ-Jersey City
    Job ID
    2019-56070
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    General
    Region
    Americas
    Division
    Services
    Business Unit
    Strategic Sourcing
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    Services Division - Consisting of Corporate Services and Real Estate (CSRE), Business Finance and Spend Management (BFSM) and the Office of Global Security (OGS), our teams drive productivity and enable the firm’s flow of business while ensuring its safety and security. CSRE acquires, develops and manages the firm’s global real estate portfolio and delivers innovative market development, document management and hospitality related services to internal partners in the firm.  CSRE’s vision is to provide the world’s best workplace to the people of Goldman Sachs. Business Finance & Spend Management delivers commercial value and front-to-back cost transparency across the firm. OGS’s mission is to protect the firm's people, assets, and reputation and in doing so provides people protection, physical security, fire safety and crisis management.  We look for achievement-oriented, creative individuals who perform at their best in a diverse team environment and are motivated by tangible results.

    RESPONSIBILITIES AND QUALIFICATIONS

    This position sits within the Professional Fees Strategic Sourcing team in the Americas which seeks to secure commercial value for consultant engagements across the firm.

     

    Principal Responsibilities:

    • Interact with multiple divisions to understand consultant strategy and assist in execution
    • Lead/participate in both tactical and strategic contract and commercial negotiations for Strategic Sourcing globally
    • Perform market research and advise internal and external stakeholders
    • Drive commercial excellence through project specific and category wide financial analytics including analyzing of budgets and bid returns to identify cost saving opportunities
    • Manage the development and completion of RFP processes
    • Manage direct negotiation with Professional Services vendors
    • Work with Legal to draft and negotiate contract terms
    • Liaise across BFSM management, business and relationship managers and vendors to identify and escalate vendor/client sensitivities as well as commercial and relationship opportunities
    • Track and report on Strategic Sourcing activities, spend and other trends of strategic vendors to understand impact across the firm
    • Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors

     

     

     

    Required Qualifications

    Minimum 5-6 years of experience in sourcing and procurement, vendor management, legal, and contracting or operational risk management with specific experience working with consulting organizations.

     

    • Very strong analytical skills for both numerical and written work
    • Very strong verbal and written communication skills
    • Very strong stakeholder and relationship management skills
    • Very strong teamwork skills - able to work with global vendors and teams across all levels within the organization
    • Very strong negotiation skills
    • Strong project management skills, including ability to organize, track and drive resolution to multiple threads of activity; hands-on approach and a can-do attitude to resolving issues
    • Strong judgment to navigate through complex situations with a proactive and positive approach while carefully handling confidential information

     

     

    Additional Qualifications

    Bachelors/Masters degree in a related field; relevant professional qualifications or accreditations (e.g. ISM, CPM, CIPS, etc.) Preferred experience working in Professional Services sourcing within Financial Services

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.