JOB DESCRIPTION
Are you ready to make an impact at DTCC
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Finance isone organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC's competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The Impact you will have in this role:
The Strategic Sourcing Associate plays a key role in executing DTCC's strategic sourcing strategy across IT, Non‑IT and Professional Services categories. This role partners closely with business leaders and control partners to lead sourcing initiatives, optimize supplier relationships, and support measurable financial, operational, and risk outcomes. The incumbent operates with a high degree of independence and serves as a trusted advisor to internal stakeholders on sourcing, supplier management, and procurement strategy.
Your Primary Responsibilities:
- Support cross‑functional strategic sourcing initiatives in partnership with Finance, Legal, Third‑Party Risk, HR, IT, Procurement Operations, and business stakeholders.
- Assist in developing and executing sourcing strategies for assigned Non‑IT and Professional Services categories that align with business objectives, cost targets, and enterprise risk and control expectations.
- Support the end‑to‑end strategic sourcing lifecycle, including RFX development, supplier evaluations, commercial negotiations, contract execution, and transition to downstream procurement operations.
- Assist in proactively managing contract renewals and expirations, identifying savings opportunities, optimizing commercial terms, and mitigating business or operational disruption.
- Analyze spend, contract, and supplier performance data to help identify cost savings, quality improvements, and process efficiencies.
- Research and conduct market intelligence, benchmarking, and category research to inform sourcing strategies and negotiation approaches.
- Support discussions with suppliers to secure favorable pricing, contract terms, and risk protections in alignment with DTCC's commercial and risk appetite.
- Embed risk, compliance, and control considerations into sourcing and supplier management activities, escalating issues appropriately and partnering with control functions as needed.
- Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk escalates appropriately
Qualifications:
- Minimum of 4 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success:
- Approximately 6+ years of progressive experience in strategic sourcing, procurement, or category management within a large, complex, or global organization.
- Demonstrated experience supporting RFXs and negotiations across Non‑IT and Professional Services categories such as professional services, HR/benefits, marketing and events, training, market data, real estate, workplace services, or outsourced services.
- Proven ability to independently manage multiple sourcing initiatives and stakeholder relationships concurrently.
- Strong analytical skills, with experience leveraging spend, contract, and performance data to develop sourcing strategies and business cases.
- Ability to operate effectively in a highly regulated environment with strong attention to risk, controls, and governance.
ABOUT THE TEAM
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC's competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
The Corporate Procurement Services department partners with stakeholders to develop and execute sourcing, procurement, and contracting strategies that protect DTCC and maximize value creation with our suppliers. In addition, we aim to create an attractive and engaging environment for team members at all levels to grow and develop as professionals.
