T Rowe Price Group, Inc

Sr. Category Manager, Procurement

T Rowe Price Group, Inc$122K — $209K *
Business Services
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent education and experience
  • 8+ years of relevant work experience
  • Experience managing Infrastructure sourcing categories
  • 8+ years in strategic sourcing or category management
  • Experience in complex technology environments, especially financial services
  • Proven success in supplier negotiations with major tech providers
  • Strong understanding of infrastructure technology and commercial models

Responsibilities

  • Develop category strategies aligned with business goals and technology roadmaps
  • Manage supplier spend across infrastructure categories
  • Lead sourcing events, supplier negotiations, and contract renewals
  • Collaborate with various technical and business stakeholders
  • Conduct market analysis and stay updated on technology trends
  • Negotiate complex commercial agreements
  • Identify cost optimization and value creation opportunities
  • Ensure supplier compliance with governance and risk management

Benefits

  • Competitive compensation
  • Annual bonus eligibility
  • Generous retirement plan
  • Hybrid work schedule
  • Health and wellness benefits including online therapy
  • Paid time off for various needs including volunteering
  • Family care resources, such as fertility and adoption benefits
Full Job Description

Role Summary

Responsible for strategic sourcing, category management, and contract oversight across T. Rowe Price's Infrastructure category. Manages a complex portfolio of infrastructure spend, including data center services, cloud infrastructure, network and telecommunications services, hardware, end-user computing, storage, compute, managed services, and related technology operations suppliers (approximately $150 million spend). Partners with business stakeholders to develop category strategies thatoptimizecost, mitigate risk, enhance supplier performance, and support enterprise technologyobjectives.

Responsibilities

  • Develops and executes category strategies for Infrastructure-related spend, aligning sourcing initiatives with business priorities, technology roadmaps, and future-state operating models.
  • Owns supplier spend management across infrastructure categories including cloud, data center, network, telecommunications, hardware, storage, compute, managed services, and workplace technology solutions.
  • Leads complex sourcing events, supplier negotiations, contract renewals, benchmarking activities, and competitive bid processes to drive value and manage risk.
  • Partners with Infrastructure, Architecture, Engineering, Security, Operations, Finance, Legal, and Risk stakeholders toidentifysourcing opportunities and support strategic technology initiatives.
  • Conducts market analysis andmaintainsdeep knowledge of infrastructure technology trends, supplier landscapes, pricing models, licensing structures, and emerging industry practices.
  • Negotiates and manages complex commercial agreements, including Master Services Agreements, Statements of Work, cloud agreements, maintenance agreements, support contracts, and managed services engagements.
  • Identifiesand delivers cost optimization, vendor consolidation, process improvement, and value creation opportunities across the infrastructure supplier portfolio.
  • Ensures supplier compliance with internal governance, information security, regulatory, operational, and third-party risk management requirements.
  • Provides categoryexpertise, guidance, and strategic recommendations to leadership and business partnersregardinginfrastructure investments and supplier strategies.

Qualifications

Required:

  • Bachelor's degree or the equivalent combination of education and relevant experience AND
  • 8+ years of total relevant work experience

Preferred:

  • Demonstrated experience managing Infrastructure sourcing categories, including cloud services, data center services, networking, telecommunications, servers, storage, managed services, and end-user computing.
  • 8+ years of strategic sourcing, procurement, or category managementsupporting enterprise technology organizations.
  • Experience within a large enterprise financial services, regulated industry, orhighly complextechnology environmentis strongly preferred.
  • Proven success leading complex supplier negotiations and contract renewalswith major technology providers such as cloud, infrastructure, telecom, hardware, and managed service vendors.
  • Strong understanding of infrastructure technology environments and commercial models, including cloud consumption, managed services, maintenance/support agreements, software licensing, and hardware procurement.
  • Experience developing and executing category strategiesthat deliver measurable savings, cost optimization, supplier performance improvements, and risk mitigation outcomes.
  • Ability to partner effectively with technical stakeholderssuch as Infrastructure Engineering, Network Services, Cloud Operations, Information Security, and Enterprise Architecture teams.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for full time remote work.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$122,000.00 - $209,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$135,000.00 - $230,000.00 for the location of: Washington, D.C.
$153,000.00 - $261,000.00 for the location of: New York, California

Placement within the range provided above is based on the individuals relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

This job posting is expected to be available until:

09/14/2026

Benefits

We value your goals and needs, at work and in life. As an associate, you be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

  • Competitive compensation

  • Annual bonus eligibility

  • A generous retirement plan

  • Hybrid work schedule

  • Health and wellness benefits, including online therapy

  • Paid time off for vacation, illness, medical appointments, and volunteering days

  • Family care resources, including fertility and adoption benefits

Learn more about our benefits.

About T Rowe Price Group, Inc

T. Rowe Price Group, Inc. is an American publicly owned global asset management firm that offers funds, advisory services, account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The company was founded in 1937 by Thomas Rowe Price Jr. and went public in 1986. The company is headquartered in Baltimore, Maryland and has offices in 16 countries worldwide. As of December 31, 2020, the company had $1.47 trillion in assets under management. The company is listed on the NASDAQ stock exchange under the ticker symbol TROW.
Learn more about T Rowe Price Group, Inc
Size
7,529 employees
Market Cap
$24.5 billion
Industry
Net Income
$2.3 billion
Founded
1937
5 Year Trend
+12.4%
Revenue
$6.2 billion
NASDAQ

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