Goldman Sachs Bank AG
Enterprise Partnerships, Strategic Sourcing, Associate Dallas · · Associate
Goldman Sachs Bank AG, Dallas, Texas, United States, 75215
Enterprise Partnerships, Strategic Sourcing, Associate location_on Dallas, Texas, United States
Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) Dallas assignment JOB FUNCTION Vendor Management (TPRM) account_balance DIVISION Platform Solutions
PLATFORM SOLUTIONS
In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. Enterprise Partnerships- consumer financial products that companies embed directly within their ecosystems to better serve their end customers. STRATEGIC ENGAGEMENT
Strategic Engagement is responsible for sourcing and managing third party relationships for Marcus across all business lines in an effort to obtain the right products and services from the right vendors at optimal terms. The team is focused on obtaining best value, minimal risk, and accretive solutions for our customers, the firm and Marcus. This team offers a unique opportunity to strategically guide third party engagements for one of the newest digital finance brands in the industry. On this team, you will apply your sourcing subject matter expertise primarily to Technology deals but will also support other spend categories. You will have a direct ability to optimize vendor spend and manage third party risk to make Marcus successful and in turn help to disrupt financial services for millions of customers. JOB SUMMARY
Strategic engagements sourcing professionals partner with businesses in order to foster a competitive (and diverse) vendor environment which mitigates risk and maximizes value. Strategic Sourcing role is to drive informed procurement decisions that create sustainable value at optimal cost. In addition, Sourcing is responsible for helping develop vendor management programs, drive spend compliance through tools and infrastructure and influence increase in diverse spend across the firm. RESPONSIBILITIES
Lead vendor contract and commercial negotiations in one or more technology spend categories across Marcus Act as a trusted business advisor to provide guidance on all vendor-related matters in spend category, including sourcing strategy for single-source and RFX projects Work collaboratively with internal subject matter experts across Legal, Compliance, Tax, Finance, Firmwide sourcing, and other areas as required to drive sourcing projects to completion and meet all internal governance requirements Run RFIs / RFPs to evaluate and select vendors and products/services based on ability to meet requirements, total cost, risk, and commercial and legal terms Conduct analysis to model expected costs over the contract term, design the optimal commercial structure and use this analysis to make well informed decisions and recommendations Drive category planning alongside business stakeholders for one or more spend categories to maintain strategic and proactive control of the category inclusive of spend, number of vendors and product, vendor performance, and commercial and operational risk Maintain all documentation, management information, and data as required such as the sourcing project tracker and contract database Prepare reports for Marcus / Firm management on overall service provider landscape / vendor management issues, including related risks and other metrics Minimum Bachelor’s degree (U.S. or equivalent) 4+ years of strategic sourcing experience including commercial negotiations and running RFIs and RFPs At least two years of software sourcing experience with a variety of different vendors and licensing models Financial industry experience preferred, but not required. Strong analytical, financial analysis, problem-solving, and project management skills Highly motivated and results orientated Self-directed team player, ability to drive high performance and work independently or in a collaborative team Excellent communication skills, both oral and written Good understanding of contract terms Ability to manage multiple projects simultaneously and prioritize accordingly Strong stakeholder management skills and an ability to influence across functions Ability to work in a fast-paced environment and think clearly under pressure Commitment to excellence and a high level of integrity Proficient use of Microsoft Office Suite to include Word, Excel, Outlook, and PowerPoint QUALIFICATIONS
4+ years of strategic sourcing experience including commercial negotiations and running RFIs and RFPs At least two years of software sourcing experience with a variety of different vendors and licensing models Financial industry experience preferred, but not required. Strong analytical, financial analysis, problem-solving, and project management skills Highly motivated and results orientated Self-directed team player, ability to drive high performance and work independently or in a collaborative team Excellent communication skills, both oral and written Good understanding of contract terms Ability to manage multiple projects simultaneously and prioritize accordingly Strong stakeholder management skills and an ability to influence across functions Ability to work in a fast-paced environment and think clearly under pressure Commitment to excellence and a high level of integrity Proficient use of Microsoft Office Suite to include Word, Excel, Outlook, and PowerPoint ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law. Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. Enterprise Partnerships- consumer financial products that companies embed directly within their ecosystems to better serve their end customers. STRATEGIC ENGAGEMENT
Strategic Engagement is responsible for sourcing and managing third party relationships for Marcus across all business lines in an effort to obtain the right products and services from the right vendors at optimal terms. The team is focused on obtaining best value, minimal risk, and accretive solutions for our customers, the firm and Marcus. This team offers a unique opportunity to strategically guide third party engagements for one of the newest digital finance brands in the industry. On this team, you will apply your sourcing subject matter expertise primarily to Technology deals but will also support other spend categories. You will have a direct ability to optimize vendor spend and manage third party risk to make Marcus successful and in turn help to disrupt financial services for millions of customers. JOB SUMMARY
Strategic engagements sourcing professionals partner with businesses in order to foster a competitive (and diverse) vendor environment which mitigates risk and maximizes value. Strategic Sourcing role is to drive informed procurement decisions that create sustainable value at optimal cost. In addition, Sourcing is responsible for helping develop vendor management programs, drive spend compliance through tools and infrastructure and influence increase in diverse spend across the firm. RESPONSIBILITIES
Lead vendor contract and commercial negotiations in one or more technology spend categories across Marcus Act as a trusted business advisor to provide guidance on all vendor-related matters in spend category, including sourcing strategy for single-source and RFX projects Work collaboratively with internal subject matter experts across Legal, Compliance, Tax, Finance, Firmwide sourcing, and other areas as required to drive sourcing projects to completion and meet all internal governance requirements Run RFIs / RFPs to evaluate and select vendors and products/services based on ability to meet requirements, total cost, risk, and commercial and legal terms Conduct analysis to model expected costs over the contract term, design the optimal commercial structure and use this analysis to make well informed decisions and recommendations Drive category planning alongside business stakeholders for one or more spend categories to maintain strategic and proactive control of the category inclusive of spend, number of vendors and product, vendor performance, and commercial and operational risk Maintain all documentation, management information, and data as required such as the sourcing project tracker and contract database Prepare reports for Marcus / Firm management on overall service provider landscape / vendor management issues, including related risks and other metrics Minimum Bachelor’s degree (U.S. or equivalent) 4+ years of strategic sourcing experience including commercial negotiations and running RFIs and RFPs At least two years of software sourcing experience with a variety of different vendors and licensing models Financial industry experience preferred, but not required. Strong analytical, financial analysis, problem-solving, and project management skills Highly motivated and results orientated Self-directed team player, ability to drive high performance and work independently or in a collaborative team Excellent communication skills, both oral and written Good understanding of contract terms Ability to manage multiple projects simultaneously and prioritize accordingly Strong stakeholder management skills and an ability to influence across functions Ability to work in a fast-paced environment and think clearly under pressure Commitment to excellence and a high level of integrity Proficient use of Microsoft Office Suite to include Word, Excel, Outlook, and PowerPoint QUALIFICATIONS
4+ years of strategic sourcing experience including commercial negotiations and running RFIs and RFPs At least two years of software sourcing experience with a variety of different vendors and licensing models Financial industry experience preferred, but not required. Strong analytical, financial analysis, problem-solving, and project management skills Highly motivated and results orientated Self-directed team player, ability to drive high performance and work independently or in a collaborative team Excellent communication skills, both oral and written Good understanding of contract terms Ability to manage multiple projects simultaneously and prioritize accordingly Strong stakeholder management skills and an ability to influence across functions Ability to work in a fast-paced environment and think clearly under pressure Commitment to excellence and a high level of integrity Proficient use of Microsoft Office Suite to include Word, Excel, Outlook, and PowerPoint ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law. Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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