The Goldman Sachs Group, Inc

Corporate Planning & Management, Strategic Sourcing (Spend Management), Associate, Dallas

The Goldman Sachs Group, Inc • $90K — $120K *
Dallas, TX 75217In-Person
Business Services
Less than 5 years of experience
Reposted 6 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's/Postgraduate degree required.
  • 3-5 years' experience in Strategic Sourcing and Category Management, especially in indirect spend and corporate services.
  • Experience with procure-to-pay tools like Ariba, Fieldglass, PMweb.
  • Strong analytical and technical skills related to procurement functions.
  • Excellent verbal and written communication skills with senior stakeholders.

Responsibilities

  • Support the development and execution of category strategies using AI-driven insights for cost savings and value creation.
  • Conduct spend analysis and market research to inform strategic sourcing decisions.
  • Manage full category lifecycle including supplier selection, RFx processes, and performance management.
  • Incorporate total cost of ownership into negotiation strategies for continuous improvement.
  • Engage with Risk Partners to manage strategic sourcing risks effectively.
  • Serve as a primary contact for business partners, translating objectives into sourcing strategies.
  • Lead and support supplier negotiations to secure optimal pricing and terms.

Benefits

  • Opportunity to grow within a forward-thinking procurement function.
  • Engagement in an AI-enabled sourcing environment with cutting-edge tools.
  • Collaborative atmosphere with diverse teams across the organization.
  • Potential for travel as required, expanding professional exposure.
Full Job Description
Job Description

Job Title: Corporate Planning & Management, Strategic Sourcing (Spend Management)

Location: Dallas, TX

Level: Associate

Role Overview

Professionals in CPM have an analytical mindset, exhibit intellectual curiosity and are from diverse academic backgrounds. This role sits within the Spend Management pillar and will focus on strategic sourcing activity within the Professional Fees Spending category. Professional Fees is a category within the Strategic Sourcing team that focuses on advisory consulting, staff augmentation, outsourcing and managed services spent across all divisions within the firm.

The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. It also entails in-depth analysis and reporting for senior management, requiring diligence and a commercial mindset. The candidate is required to work closely with global counterparts. Should have excellent verbal and written communication skills.

Job responsibilities will include, but are not limited to:
  • Work collaboratively to deploy category management techniques to develop multi-year global strategies which support the delivery of the firm's commercial and operational objectives.
  • Support Procurement strategy creation and execution of key initiatives
  • Identify and implement best practices in procurement, commercial and vendor management
  • Partner with business and functional leadership to understand short, medium, and long-term third-party requirements including demand management Drive supply side initiatives to reduce or contain risk, and / or create commercial and revenue generating opportunities - maximize relationship opportunities; document vendor sensitivities
  • Manage the relationship and escalations with the firm's strategic vendors
  • Ensure appropriate contract structures / types, pricing models, vendor incentive models, service level agreements, performance indicators and cost models are applied consistently across vendors to arrive at total cost of ownership
  • Partner with internal and external legal counsel to ensure proper forms of Agreement are utilized, contractor conformance with the terms and conditions of the Agreements, and refinement of Agreements as required
  • Manage compliance with and provide reporting on the firm's commitments in relation to ESG
  • Facilitate sharing knowledge, experiences and best practice within and across global Strategic Sourcing team
  • Support compliance to the Firmwide Third Party Risk and Control Framework and associated programs
  • Engage with Risk Partners across the organization (e.g., compliance, technology, legal, finance, information security), as needed, to review control requirements and drive resolution of Strategic Sourcing issues
  • Track and report on strategic vendor management activities against Sourcing KPIs, spend and other trends impacting the firm and business units
  • Collaborate with Sourcing Operations to drive digitization
  • Support in ongoing management, monitoring and maintenance of Strategic Sourcing process, risk / control and RCA components
  • Role based in Bengaluru, India, with potential for travel as required

Qualifications:
  • Bachelors / Post Graduation; and in addition, if any relevant professional qualifications
  • Minimum five years' experience in Strategic Souring and Category management, particularly in indirect spending with a preference in professional fees sourcing (IT services)
  • Must have strong technical, strategic and project management skills as well as a strong foundation in supply chain management, sourcing and procurement, vendor management, legal and contracting and operational risk management

Competencies:
  • Functional Expertise - Understanding of strategic procurement, category management approach and procurement value proposition
  • Strategic Mindset - Needs to be able to effectively create category strategies with the ability to influence and guide key stakeholders with sourcing decisions. Needs to clearly understand and articulate the Procurement value proposition and demonstrate clear strategic thinking / intent within work product
  • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
  • Drive and Motivation - Successfully handles multiple tasks, operates at pace, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
  • Client and Business Focus - Strong stakeholder engagement skills. Effectively handles difficult requests, builds trust, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
  • Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions

Preferred Qualifications:
  • Experience of successfully negotiating complex, high-profile contracts, including incentivized service level agreements
  • Excellent client management skills and experience in leading projects involving a range of stakeholders.
  • Track record of being a team player collaborating with others within and across teams
  • Proven, strong communication, interpersonal and organizational skills
  • Professional and measured approach that has creditability within industry and with peers
  • Strong executive-level communication/presentation skills
  • Impeccable attention to detail and excellent problem solving and analytical skills
  • Strategic thinker with strong implementation ability
  • Proficient with the suite of Microsoft Office software
  • Experience of Sourcing procure to pay tools (Ariba, Fieldglass, PMweb)

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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