At a Glance
- Tasks: Drive strategic sourcing and optimise spend using AI-driven insights.
- Company: Join Goldman Sachs, a leading global investment banking firm.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Why this job: Make an impact in procurement while leveraging cutting-edge technology.
- Qualifications: Bachelor's degree and 3-5 years in strategic sourcing required.
- Other info: Dynamic role with potential travel and excellent career advancement.
The predicted salary is between 36000 - 60000 £ per year.
The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM has 5 operating pillars.
Finance & Planning supports the execution of the firm's strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm's business plans and budgets. They develop a consistent framework for revenue division projections creating transparency, accountability and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities.
Global Procurement strategically enables the firm's engagement with third parties, ensuring robust commercial and compliance controls while driving sustainability. It optimizes value, fosters innovation, and mitigates risks across the end-to-end supply chain for services and non-compensation spend. Departments include Strategic Sourcing, Third Party Risk Management, Procure to Pay, Integrated Travel and Expense and Sustainable Operations.
Product & Reporting manages end-to-end product lifecycle and reporting capabilities for vendor-supplied and internally developed solutions. We empower CPM stakeholders with intuitive tools and actionable insights while ensuring solutions meet business needs and regulatory demands. The CPM Engineering team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in-line with the firm's strategic objectives.
CPM Management team includes senior leadership and teams that provide strategic oversight and operational support across the division. This pillar encompasses the Chief of Staff function and Communications and User Engagement team, which oversee change management and people strategies for CPM.
Role Overview: Professionals in CPM have an analytical mindset, exhibit intellectual curiosity, and are from diverse academic backgrounds. This role sits within Global Procurement. The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and frequent interaction with senior stakeholders. 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 and should have excellent verbal and written communication skills.
The role requires a highly motivated and commercially astute Strategic Sourcing buyer to join our Strategic Sourcing team. In an increasingly AI-enabled sourcing environment, this role is critical in driving strategic value, optimizing spend, leading negotiations with suppliers, and fostering robust supplier relationships. The successful candidate will leverage cutting-edge AI tools and data analytics to inform sourcing strategies, manage complex categories, and influence key stakeholders across the business. This position offers an excellent opportunity for a professional to grow their career in a forward-thinking and impactful procurement function. Spend categories in scope include but are not limited to both Technology Sourcing (Hardware, Software, Telecom, Cloud Services, Professional Services) and Corporate Services/Non-Tech Sourcing (Real Estate, Human Resources, Marketing, Professional Services). Role based in Birmingham with potential for travel as required.
Job responsibilities will include, but are not limited to:
- Strategic Sourcing & Category Management: Support development and execution of category strategies aligned with organizational objectives, leveraging market insights and AI-driven analytics to identify opportunities for cost savings, value creation, and risk mitigation. Conduct in-depth spend analysis and market research, utilizing AI tools to uncover patterns, forecast demand, and inform strategic sourcing decisions. Manage the full category lifecycle, including supplier selection, RFx processes, contract negotiation and partner with business owners on the implementation, and ongoing performance management. Incorporate total cost of ownership into negotiation strategies and drive continuous improvement within assigned categories. Support compliance to the Firmwide Third Party Risk and Control Framework and associated programs. Engage with Risk Partners across the organization (e.g., compliance, legal, technology), as needed to manage risks and drive resolution of Strategic Sourcing issues.
- Stakeholder Management & Influence: Serve as a primary point of contact and strategic advisor for assigned business partners, translating business goals and risk appetite into effective sourcing strategies. Build and maintain strong, collaborative relationships with internal stakeholders across various departments (e.g., Finance, IT, Legal, Operations) to ensure cross-functional alignment and successful strategy execution. Facilitate cross-functional alignment and provide executive updates, gaining consensus among diverse stakeholders through clear and compelling communication. Influence decision-making and drive strategy alignment by presenting data-driven insights and recommendations to leadership.
- Commercial Acumen & Negotiation: Demonstrate strong commercial acumen, understanding cost structures, licensing models, contract terms, and financial levers to drive value-based procurement decisions. Lead and support negotiations with suppliers to secure optimal pricing, terms, and innovation while preserving long-term strategic relationships. Analyze complex procurement challenges, synthesize data, evaluate trade-offs, and develop sound, objective recommendations that balance business needs, risk and commercials. Liaise with legal teams to draft and negotiate contract terms while ensuring appropriate contract structures, pricing models, vendor incentive models, service level agreements and performance indicators are applied consistently across vendors. Monitor market dynamics, including consumer preferences, industry trends, and regulatory changes, adjusting category strategies accordingly.
- AI-Enabled Sourcing Environment: Actively leverage AI to support understanding of spend, supplier performance, risk monitoring, and contract intelligence. Utilize AI-driven insights to optimize purchasing decisions, manage risks, and enhance supplier collaboration and innovation. Embrace and adapt to new AI tools and technologies that streamline procurement processes, from demand forecasting to automated contract analysis.
Competencies:
- Functional Expertise: Understanding of strategic procurement, category management approach and procurement value proposition.
- Strategic Mindset: Ability to effectively create category strategies and influence key stakeholders on sourcing decisions. Needs to clearly understand and articulate the Procurement value proposition and demonstrate clear strategic thinking / intent. Ability to analyze complex problems, develop innovative solutions, and contribute to long-term strategic planning.
- Technical Skills: Demonstrate strong technical skills required for the role including project management, supply chain management, sourcing and procurement and financial/analytical skills.
- Drive and Motivation: Successfully handles multiple tasks, operates at pace, takes initiative to improve his/her own performance, works resiliently towards challenging goals, persisting in the face of obstacles.
- 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: Is a strong team player by collaborating with others within and across teams, encouraging other team members to participate and contribute and acknowledging others' contributions.
- Technology Adoption: Embraces and adapts to new AI tools and technologies that streamline procurement processes, from demand forecasting to automated contract analysis.
Qualifications:
Bachelors / Post Graduation; Minimum three to five years' experience in Strategic Sourcing and Category management, particularly in the indirect spend with a preference in corporate services sourcing. Experience of sourcing procure to pay tools (Ariba, Fieldglass, PMweb).
Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham employer: Goldman Sachs, Inc.
Contact Detail:
Goldman Sachs, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham
✨Tip Number 1
Network like a pro! Reach out to people in your field, especially those already working at Goldman Sachs. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for interviews by practising common questions related to strategic sourcing and procurement. Use real-life examples from your experience to showcase your skills and how they align with the job.
✨Tip Number 3
Show off your analytical skills! Be ready to discuss how you've used data and AI tools in past roles to drive decisions. This will resonate well with the team looking for someone who can leverage technology.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team.
We think you need these skills to ace Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Corporate Planning & Management role. Highlight your experience in strategic sourcing and category management, and show how your skills align with the job description. We want to see how you can bring value to our team!
Show Off Your Analytical Skills: Since this role requires a strong analytical mindset, don’t shy away from showcasing your data analysis experience. Use specific examples where you've leveraged analytics to drive decisions or improve processes. We love seeing how you think critically!
Communicate Clearly: Excellent verbal and written communication skills are key for this position. Make sure your application is clear, concise, and free of jargon. We want to see that you can communicate complex ideas simply and effectively, just like you would with senior stakeholders.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re proactive and serious about joining our team at StudySmarter!
How to prepare for a job interview at Goldman Sachs, Inc.
✨Know Your Stuff
Before the interview, dive deep into the company's values and the specifics of the Corporate Planning & Management division. Understand their strategic objectives and how your role in Global Procurement fits into the bigger picture. This will help you speak confidently about how you can contribute.
✨Showcase Your Analytical Skills
Since this role requires an analytical mindset, be prepared to discuss your experience with data analysis and AI tools. Bring examples of how you've used analytics to drive sourcing strategies or improve procurement processes. This will demonstrate your capability to leverage insights effectively.
✨Build Relationships
Highlight your stakeholder management skills during the interview. Share examples of how you've successfully collaborated with different departments in the past. This will show that you understand the importance of cross-functional alignment and can influence decision-making.
✨Demonstrate Commercial Acumen
Be ready to discuss your understanding of cost structures and negotiation strategies. Prepare to talk about a time when you secured optimal pricing or terms with a supplier. This will illustrate your ability to make value-based procurement decisions and your commercial awareness.