About Vanguard
More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners.
Today, Vanguard is one of the world’s largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals.
Team & Opportunity
Provides strategic sourcing support for Vanguard Australia. Serves as strategic lead in the front-end procurement process, creating and delivering category strategies aligned to business needs. Leading RFx activities, evaluating business requirements, identifying suppliers and vendors, leading negotiations, and establishing supplier agreements. Applying procurement expertise to optimize processes, continuous improvements whilst delivering against Vanguards business needs and leading value capture initiatives. Focused on increasing commercial outcomes of Vanguard Australia’s supplier agreement, team development, mentoring and increasing commercial acumen across Vanguard Australia.
Core Responsibilities
1. Serves as a subject matter expert in managing high complexity strategic sourcing transactions, negotiations, and supplier selection for products and services. Manages relationships for suppliers within category. Develops and executes category strategy, identifies, and delivers value capture initiatives.
2. Performs supply market data analysis and recommends suppliers and vendors to the business. Identifies and is knowledgeable of industry trends and category strategies to recommend linkages to business needs. Coaches team members on supply and market analysis.
3. Uses Data Analytics and reporting to provide insights and actionable recommendations to senior executives.
4. Drives engagements, resolves escalated and complex issues and involves stakeholders as needed. Interfaces with other sourcing operations teams, business leaders and legal & risk partners for each transaction.
5. Interprets and communicates contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business leaders. Performs regular performance monitoring and reviews of key suppliers.
6. Champions sourcing process compliance. Educates key stakeholders about commercial, legal, policy and other considerations in support of the negation process.
7. Plays a key role in developing and mentoring team members in all areas of procurement.
8. Ensures supplier and contract data is submitted or entered into the management systems and databases.
9. Partners with Relationship Managers and Risk Partners to provide executive level reporting to the Australian Risk Committee on supplier performance against Vanguard’s Risk Framework.
10. Manages cross-functional projects and performs other duties as assigned.
Qualifications
· Five years related work experience.
· Degree or equivalent combination of training and experience. Graduate degree in Accounting or Finance preferred.
· Exceptional communication and stakeholder engagement skills required.
· Exemplary data analysis, reporting and superior negotiation skills.
· Flexible working hours to work with stakeholders across different time zones, mostly America, Europe and Australia, is required. This is about 10%-20% per week.
· Member of the Chartered Institute for Procurement and Supply (MCIPS) or equivalent certification preferred.
Inclusion Statement
Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”
We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.
When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard’s core purpose.
Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
