Manager/ Sr.Manager ,Technology Sourcing

Thomson Reuters · Software & Internet

Bangalore
On-site
Posted 2 days ago
Apply by 29 Oct
Operations & Supply Chain

Apply on Thomson Reuters Create resume for this job

About the job

Job Description:

Thomson Reuters is seeking a Assistant Manager or Manager - Technology Sourcing. Global Procurement manages and optimizes the third party spend of

Thomson Reuters. Our mission is to partner with our stakeholders to acquire the right goods and services at best value and within an

acceptable risk perimeter to drive our corporate objectives. We integrate and manage a highly complex network of products, services,

processes, technologies and suppliers across all Thomson Reuters locations worldwide.

Reporting to the Senior Director Technology Sourcing, the Senior Manager Technology Sourcing will take a leadership role informing sourcing

strategy and leading sourcing engagements in categories focused on Infrastructure (Cloud, Software, Network, Telecom, Hardware, and

Storage) and related services, as well as technology innovation. This individual will assist business leaders in managing their respective

P&L's with regards to spending, planning, and development of supplier relationships critical to their respective lines of business.

Note: This is a Hybrid role (mix of working from home and in the office at least 2/3 days per week)

Key Responsibilities:

Develop Category Plans and Sourcing Strategies containing a portfolio of key initiatives which deliver the IT Strategy

Contribute to the development of the annual pipeline of IT sourcing initiatives, integrating with the financial planning process

Instill Global Procurement Methodology, as well as proper use of Procurement Policy across the organization

Deliver IT sourcing initiatives, achieving best value within acceptable risk

Draft, redline and negotiate supplier contracts within Thomson Reuters’s contracting standards and business objectives

Rationalize the number of IT suppliers and reduce fragmentation in the spend base in order to simplify the supplier landscape and drive commercial efficiency

Provide support and coaching to junior members of the larger Procurement organization

Collaborate with Procurement Legal, Risk Oversight Functions, Technology and Business stakeholders

Represent Procurement in governance forums with strategic IT suppliers, and build and enhance relationships with strategic IT

suppliers along with the vendor and service delivery management teams to deliver high levels of service whilst maintaining best-in-class commercial terms and conditions

Category Plans and Sourcing Strategies developed and approved by all relevant stakeholders

High-quality collateral, Sourcing project artifacts, and negotiated supplier agreements developed and approved in accordance with the Global Procurement Methodology at each stage of the sourcing lifecycle to facilitate informed decision-makingamongst the stakeholder community

Significantly reduced third party risks with mitigation strategies for each IT sourcing initiative

Significant and sustainable annual reduction in Thomson Reuters cost-base, demonstrated using a robust savings methodology which is consistently applied and rigorously approved

Required Qualifications:

Have at least 7-15 years of experience in IT Sourcing including successful development and negotiation of IT agreements in

excess of $20M value

Proven track record of delivering significant and sustainable cost reductions through effective implementation of a coherent IT sourcing strategy

Deep understanding of contract terms and contractual language; proven skills and experience in drafting and redlining

contracts

Good external and internal relationship management and cross-functional leadership skills

Experienced sourcing practitioner, understanding of best-practice sourcing methodology and a demonstrated track record of working ethically to achieve excellent outcomes

Experience of leading negotiations with major global infrastructure suppliers (e.g., AWS, Microsoft Azure, Google Cloud Platform, Oracle, IBM, Cisco, Equinix, Dell, HP, Apple, Checkpoint, NetApp, etc.)

Knowledge of the sourcing marketplace and trends in the industry, as well as regulatory climate, including the ability to assess the impact of change in the context of the sourcing strategy

Expert analytics and ability to develop coherent and high-quality sourcing collateral including business cases, contract summaries, presentations, and RFx materials

Experience in building strong relationships with senior IT and business executives

Bachelor’s degree, Procurement certification or equivalent experience. Experience in Technology-related fields is an asset.

Preferred Qualifications :

Any relevant certifications will be added advantage

#LI-VN1

What’s in it For You?

Hybrid Work Model: We’ve adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected.

Flexibility & Work-Life Balance: Flex My Way is a set of supportive workplace policies designed to help manage personal and professional responsibilities, whether caring for family, giving back to the community, or finding time to refresh and reset. This builds upon our flexible work arrangements, including work from anywhere for up to 8 weeks per year, empowering employees to achieve a better work-life balance.

Career Development and Growth: By fostering a culture of continuous learning and skill development, we prepare our talent to tackle tomorrow’s challenges and deliver real-world solutions. Our Grow My Way programming and skills-first approach ensures you have the tools and knowledge to grow, lead, and thrive in an AI-enabled future.

Industry Competitive Benefits: We offer comprehensive benefit plans to include flexible vacation, two company-wide Mental Health Days off, access to the Headspace app, retirement savings, tuition reimbursement, employee incentive programs, and resources for mental, physical, and financial wellbeing.

Culture: Globally recognized, award-winning reputation for inclusion and belonging, flexibility, work-life balance, and more. We live by our values: Obsess over our Customers, Compete to Win, Challenge (Y)our Thinking, Act Fast / Learn Fast, and Stronger Together.

Social Impact: Make an impact in your community with our Social Impact Institute. We offer employees two paid volunteer days off annually and opportunities to get involved with pro-bono consulting projects and Environmental, Social, and Governance (ESG) initiatives.

Making a Real-World Impact:  We are one of the few companies globally that helps its customers pursue justice, truth, and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.

About Us

Thomson Reuters informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. We serve professionals across legal, tax, accounting, compliance, government, and media. Our products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news.

We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments. At a time when objectivity, accuracy, fairness, and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.

As a global business, we rely on the unique backgrounds, perspectives, and experiences of all employees to deliver on our business goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity Employer providing a drug-free workplace.

We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law. More information on requesting an accommodation here .

Learn more on how to protect yourself from fraudulent job postings here .

More information about Thomson Reuters can be found on thomsonreuters.com.

Apply on Thomson Reuters