Associate Director - IT Strategic Sourcing

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 support the development and execution of sourcing strategies aligned to business needs and control objectives.
• Independently lead sourcing initiatives across IT categories, including RFx development, supplier evaluation, commercial analysis, and contract negotiations.
• Serve as a hands-on sourcing professional, responsible for developing RFx materials, conducting commercial and contractual analysis, and driving sourcing outcomes end-to-end.
• Manage supplier relationships to support effective performance, value delivery, and risk mitigation.
• Oversee the execution of sourcing processes, including contracting and downstream procurement activities, ensuring alignment with policies and procedures.
• Proactively manage renewals and sourcing pipelines to drive savings and minimize business disruption.
• Support and, where appropriate, lead vendor QBRs and performance discussions for key suppliers.
• Analyze spend and contract data to identify savings opportunities and support sourcing decision-making.
• Execute sourcing initiatives with clear financial, operational, and risk-based objectives.
• Coordinate with internal stakeholders to ensure sourcing timelines, requirements, and deliverables are effectively managed.
• Support negotiations with suppliers to achieve competitive pricing and contractual terms.
• Contribute to the development and enhancement of sourcing processes, tools, and reporting.
• Partner with IT Strategic Sourcing Directors to align on category strategy, sourcing priorities, and performance targets.
• Provide guidance and support to junior team members as needed.
• Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

• Minimum of 8 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• 8 – 10+ years of IT Strategic Sourcing or procurement experience in a global organization, preferably within financial services.
• Strong experience executing RFx processes and independently managing sourcing initiatives and negotiations across IT categories (hardware, software, telecom/networking, cloud, and professional services).
• Proven ability to operate as a hands-on sourcing professional, including developing RFx materials, performing commercial analysis, and executing contract negotiations.
• Solid understanding of enterprise IT vendors and sourcing dynamics across multiple technology categories.
• Ability to quickly ramp into active sourcing workstreams and deliver value with limited onboarding.