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AVP, Sourcing & Procurement

Job ID: R-013485 Date posted: 03/18/2021 Primary Location SC-Fort Mill

Do you have a Sourcing background with a focus on building relationships?

Are you interested in a dynamic work environment?

Do you have experience with Wealth Management vendors?

Excited to learn more? If so, then this could be the role for you!

Job Overview:

The Strategic Sourcing and Procurement within LPL’s Finance group is responsible for managing the full end-to-end sourcing and procurement lifecycle.  SS&P’s mission is to 1) Deliver sustainable, ethical practices and leadership to enable the selection of external partners to drive the best service, quality, and value for LPL while appropriately mitigating risk. 2) Provide leadership to our business partners through LPLs center-led Vendor Management Program to ensure that any contractual and performance risks are effectively mitigated. 3) Drive operational excellence through management of the requisition and contract processes, travel program, contingent worker program, and third party access controls. 

The focus of this role will be to become a trusted business partner by aligning to business units to understand their needs, conduct spend and contract analysis and develop category plans to help cultivate and drive strategic sourcing plans. The ideal candidate for this role will not only have sourcing, contract, and vendor management experience, but also strong business acumen to enable informed and targeted decisions to drive continuous improvement.  

What will you do?

  • Negotiate med-high dollar & risk contracts with key IT and Wealth Management vendors. Contracts include, MSAs, SaaS Agreements, EULAs, SOWs

  • Build strong relationships by acting as the sourcing SME for senior leaders in your assigned BUs, providing experience and insight to become a “trusted advisor’ to our internal partners

  • Create category plans to provide visibility to spend, vendor analysis, contract summaries, stakeholder engagement, and market insights that lead to both short and long-term strategies

  • Lead contractual reviews to ensure compliance with Sourcing and Risk Policies by engaging with the appropriate Compliance, Legal and Risk SMEs

  • Engage with your business partners to understand LPL Product Management’s strategy and operational needs while anticipating new opportunities

  • Enhance, prepare and deliver compelling Commodity / Spend reporting and presentations

  • Represent and advocate SS&P strategies and goals across the firm

Please note: Additional responsibilities or duties may be assigned to you as needed or determined.

What does your success look like in the first 90 days?

A successful candidate would be able to make an immediate impact by providing industry insights and making the business connections ultimately needed to become a trusted advisor. This candidate would immediately focus on understanding LPL’s financial, risk and contractual standards to drive successful negotiations, while focusing on understanding the future business needs. Through transparent interactions, you will begin to build trust & relationships with our key stakeholders.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement

What skills, experiences, and education are required?

  • 5-7+ years of relevant experience, preferably in the financial services industry

  • Bachelor's degree in a related field or additional equivalent experience

  • Negotiation skills with demonstrable experience in negotiating win-win outcomes that meet the interests of all parties

  • Relationship Skills needed to build partnerships with cross functional teams in order to maximize value add and create operational efficiencies

  • Proven experience in managing multiple high profile projects, with an ability to prioritize individual workload based on business needs and deadlines

  • Experience with market data, portfolio management, rebalancing, and trading systems vendor relationships is preferred

  • Grace under pressure and a sense of humor!

Why LPL? 

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees.We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

Want to hear from our employees on what it’s like to work at LPL?  Watch this!

We take social responsibility seriously. Learn more here

Want to see info on our benefits?  Learn more here

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (800) 877-7210.

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