Associate, Sourcing and Vendor Management – Shanghai

Full-time @BlackRock in Business Operations jobs
  • Shanghai, CN View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Associate, Sourcing and Vendor Management in Shanghai, CN. refer job details to submit BlackRock job application in Shanghai.


Job Title : Associate, Sourcing and Vendor Management

Location : Shanghai, CN

Job Category: Business Operations



About this role

About the BlackRock Enterprise Management Services Company
BlackRock provides investors around the world with investment management, risk management and advisory services. As a fiduciary to investors, and a leading provider of financial technology, we help millions of people build savings by making investing easier and more affordable. 

BlackRock aspires to become the leading global asset management firm operating in China and is committed to the long-term development of the nation’s asset management industry. The BlackRock Enterprise Management Services Company provides services to support the firm’s objectives.

Overview of Responsibilities

The BlackRock Sourcing and Vendor Management Organization in Finance seeks multilingual (Mandarin & English) speaking candidate in in Sourcing/Procurement to support the deal life cycle across subcategories: investment technologies and trading platforms, infrastructure as a service (IaaS), software as a service (SaaS), digital marketing, information security, regulatory technology and other procurement-related initiatives on behalf of the Firm.  Candidates with experience and technical depth related to negotiating and managing agreements both with local suppliers in China, global suppliers with presence in China (e.g. Microsoft, Google, Oracle, Adobe, SAP, Salesforce) or professional services vendors are encouraged to apply.

Primary areas of responsibility include:

Engage across various business lines to in China establish forthcoming demand, priorities and be local point of contact for the sourcing requirements
Own the full strategic sourcing cycle, including vendor identification and selection, price negotiation, contract “red-lining” (editing) and onboarding across different business lines in China.
Partner with Functional Leads, Vendor Risk, and Legal teams in the negotiation of: Licensing Agreements, Subscription Agreements, Master Services Agreements (MSAs), Statements of Work (SOWs), Service Level Agreements (SLAs) etc.
Manage a robust pipeline of transactions along with other colleagues in APAC
Market research and benchmarking of suppliers and related service categories
Development of strategic sourcing opportunities through the introduction of a competitive bidding, proofs-of-concept, demand management and supplier consolidation.
Drive Sourcing policy and process adherence including adoption of Sourcing technology platform.
Coordinate with internal stakeholders and vendors ensuring timely execution of supplier onboarding and payment process

Experience and Skills

8-10+ years of sourcing experience in multinational organization preferably financial industry
Comprehensive understanding of market drivers and deep experience in negotiating contracts with China-based vendors supporting the following categories of spend: technology (hardware, software licenses, information security, consulting), real estate services (facilities management, security), marketing, human resources and professional services
Ability to influence, persuade, motivate and elicit support for key initiatives from senior management and other key stakeholders, by building and delivering clear, well-structured presentations.
Ability to solicit and analyze multiple proposals, create corresponding business cases (including financial reports), total cost of ownership models and present clear recommendations.
Relevant experience in drafting and redlining MSAs, SOWs and SLAs.
Excellent internal and external negotiation skills as well as the ability to negotiate concessions from suppliers with the internal client’s interests in mind.
Demonstrated ability to concurrently manage a significant pipeline of deals/transactions simultaneously, while identifying and supporting strategic business transformation initiatives.
Strong MS Office skills; particularly Excel and PowerPoint. Working experience with Coupa, SharePoint and P2P platforms is highly desired.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.

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