The AVP, Category Management - IT will be a key player in managing the indirect procurement IT category for Bayview Asset Management. This position reports to the VP of Sourcing & Vendor Management and is responsible for developing and implementing category management strategies and procurement processes specifically for IT-related categories, ensuring optimal cost efficiency, supplier relationships, and operational effectiveness along with promoting collaboration across categories and business.... more details
Overview POSITION SUMMARY: The AVP, Category Management - IT will be a key player in managing the indirect procurement IT category for Bayview Asset Management. This position reports to the VP of Sourcing & Vendor Management and is responsible for developing and implementing category management strategies and procurement processes specifically for IT-related categories, ensuring optimal cost efficiency, supplier relationships, and operational effectiveness along with promoting collaboration across categories and business. ESSENTIAL DUTIES & RESPONSIBILITIES: Category Management Strategy: Develop and execute comprehensive category management strategies for IT categories, in alignment with Bayview's strategic plan, financial, and operational objectives along with business needs. Category Planning: Develop short- and long-term category plans by incorporating internal business needs analysis with insights from market intelligence, benchmarking and knowledge of supply base and global market or regional differences to maximize value and performance. Strategic Sourcing: Implement strategic sourcing methodologies for IT categories such as Hardware, Software, SaaS agreements, Telecom, IT Professional Services to identify and select the most cost-effective and innovative suppliers while managing internal stakeholder relationships. Supplier Relationship Management: Identify, onboard, and manage relationships with suppliers, negotiating favorable terms and pricing. Cost Optimization: Lead initiatives to optimize IT spend, drive cost savings, and improve procurement processes, while maintaining quality standards. Contract Management: Lead the negotiation, management, and drafting of contracts with IT vendors, ensuring compliance with legal and regulatory requirements to manage risk. Market Analysis and Innovation: Stay informed about industry trends and market conditions in the IT space to make informed sourcing decisions and to drive competitive advantage, with a bias towards identifying and promoting innovative solutions, products, and technologies. Develop and maintain knowledge-and fact-base of the category. Vendor Risk: Accountable to ensure all IT vendors are completing Bayview’s vendor risk due diligence prior to onboarding and overseeing annual vendor risk reviews. Collaboration: Work closely with cross-functional teams within business, finance, and IT to align procurement strategies and business needs by soliciting regular input, sharing best practices and wins. Spend Management: Collaborate with the VP of Sourcing & Vendor Management to manage supplier spend analysis and report on cost savings. Compliance: Ensure that all IT procurement activities adhere to company policies, industry standards, and legal regulations. EDUCATION & EXPERIENCE: Bachelor’s degree in business, Supply Chain Management, or related field required. Minimum of 8 years of experience in strategic sourcing, indirect procurement, and/or supply chain management in financial services industries. Demonstrated experience negotiating complex service agreements and sourcing for multiple indirect categories. Proven experience in RFI/RFP/RFQ development, evaluation, negotiations, execution, and contract management. Excellent negotiation, contract management, communication, and interpersonal skills. Applied experience in the understanding of legal issues, contractual principles, and negotiation techniques used in the development of complex contractual agreements. Exceptional leadership and team management abilities as a strategic thinker with a results-oriented mindset. Knowledge of procurement software and systems; must be familiar with supply base performance metrics and key performance indicators. COMPENSATION and LOCATION: This role will be a remote position with occasional travel to our NYC office. Base compensation is expected to be $140-160k with the opportunity for incentive compensation including bonus and deferred compensation. PHYSICAL DEMANDS and WORK ENVIRONMENT: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. EEOC Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
