Strategic Sourcing and Category Director - IT

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).

Your Primary Responsibilities:

• Partner with IT stakeholders to create a sourcing strategy that aligns with the needs of the business while meeting financial and operational control objectives.
• Develop and manage relationships with key vendors, fostering strategic partnerships that enable continuous value delivery.
• Lead complex, high-value sourcing initiatives and negotiations across strategic IT categories, ensuring alignment with financial, risk, and operational objectives.
• Ensure compliance with policies, processes, and systems across the IT sourcing portfolio.
• Oversee the full lifecycle of strategic sourcing (including RFx), contracting, and downstream procurement workflow.
• Pro-actively manage renewals to drive savings and mitigate business disruptions.
• Promote the sourcing and procurement function to ensure business owners understand Sourcing’s value proposition and how to effectively partner with the Sourcing team.
• Lead value driven QBRs for key IT vendors.
• Leverage spend and contract data to identify savings and efficiency opportunities.
• Maximize the impact of sourcing levers, including spend analysis, RFx tools and templates, contract management, and preferred supplier programs.
• Develop, implement, and enhance sourcing KPIs, reporting frameworks, and operating processes to drive continuous improvement and maturity across the IT sourcing function.
• Collaborate with IT stakeholders and other key partners to ensure the Sourcing model continually meets the changing needs of the organization.
• Continuously develop subject matter expertise via benchmarking/research, industry/peer collaboration, training, and client feedback.
• Lead, mentor, and develop less experienced members of the sourcing team.
• Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

• Minimum of 10 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Minimum of 10 years of IT Strategic Sourcing at a global organization, preferably in financial services.
• Deep experience with IT category management, sourcing opportunity assessment, strategic sourcing, and supplier management.
• Proven success developing RFXs and negotiating HW, software, telecom/networking, private cloud, public cloud, and IT professional services contracts.
• Extensive knowledge of enterprise IT vendors as well as emerging technology providers.
• Outstanding communication skills, including the ability to simplify complex sourcing and contractual concepts into terms that can be understood by business, legal, finance, and risk stakeholders.