Sourcing Manager - Vendor Management (London)

Insight Investment is a leading asset manager focused on designing investment solutions to meet its clients’ needs.

Founded in 2002, Insight’s collaborative approach has delivered both investment performance and growth in assets under management. Insight manages assets across its core liability-driven investment, risk management, full-spectrum fixed income, currency, and absolute return capabilities. Insight Investment is owned by BNY, a global leader in investment management and investment services.

As a leading fixed income specialist asset manager, Insight Investments aims to deliver consistent and repeatable performance by focusing on key specializations – fixed income, insurance asset management, risk management strategies including liability-driven investment (LDI), currency risk management and absolute return and multi-asset. Headquartered in London (with other key offices in New York, Boston, San Francisco, Dublin, Frankfurt, Manchester, Sydney, and Tokyo), the business employs over 1,100 people including 285-plus investment professionals.

With just under $1 trillion under management and sitting within the Bank of New York Corporation (BNY) Insight leverages the unique combination of achieving the high-performing, risk-adjusted returns of a boutique with the financial stability of a large, global financial institution. It enjoys investment decision-making autonomy, operating with an independent management structure and boards. As part of BNY’s multi-boutique structure, Insight has the backing of a sound global financial institution for which asset management is a core strategic priority.

The business has a clear mission and purpose to offer investors a different approach to achieving their investment goals; one that prioritizes the certainty of meeting their chosen objectives. Since its launch in 2002, Insight’s partnership approach has delivered an impressive record of growing assets under management based on client advocacy, making it a leading force in investment management. Insight is ranked number one in Edelman’s Asset Management Brand Index 2024 as the manager whose brand is most highly regarded in the institutional marketplace.

Insight has a global network of operations in the UK, Ireland, Germany, US, Japan, and Australia.

More information about Insight Investment can be found at:

Division Description:
The Vendor Management team, established in 2019 under Operations, supports Insight Investment and its subsidiaries by overseeing vendor relationships and procurement activities. The department’s key objective is to provide outstanding customer service to all business colleagues and to ensure that their “user experience” of technology and office services is as good as it can be.

Regular engagement with key stakeholders is a vital component of the department’s drive to maintain high standards, as is a keen focus on risk management.

Role Overview:
This is a global role to ensure Insight’s compliance with Third Party regulations and to manage all procurement activities, including sourcing, negotiating, and contracting with vendors. This role involves delivering cost reduction initiatives and maintaining strong relationships with suppliers to support Insight’s operational needs.

Role Responsibilities:

1. Ensure all business transactions align with BNY / Insight policies, procedures, legal requirements, regulations, and ethical standards.
2. Build strong relationships with internal and external stakeholders.
3. Lead procurement activities, including supplier sourcing, renewals, contract negotiation, and supplier onboarding, ensuring due diligence and compliance.
4. Assist with developing and executing procurement strategies that support Insight’s goals and regulatory requirements.
5. Prepare regular sourcing reports, dashboards, and spend analysis to senior management.
6. Identify opportunities for process improvement and innovation.
7. Maintain accurate records and documentation for all supplier-related activities, ensuring compliance and audit readiness.
8. Manage key supplier relationships, prepare, and establish NDA, MSA, SOW, pricelists, catalogues data, terminations, and other contracts in line with strategies.
9. Negotiate and manage administration for a large quantity of complex contracts in multiple categories, including NDAs, complex agreements, SOWs, and terminations, among others.
10. Independently review and analyse contract asks, effectively communicate requirements, and determine solutions and actions in response to contract asks.
11. Identify contracting issues and provide both internal and external issue resolution.
12. Provide guidance to stakeholders such as advising on contract negotiation improvements and identifying contracting issues.
13. Evaluate and analyse contracts to understand products/services/licenses provided.
14. Ensure Insight receives best value for money and associated cost saving and that no unnecessary costs are incurred.
15. Ensure SLAs are in place with our suppliers of key high-value projects through internal governance and controls to completion.
16. Communicate contract-related information to all stakeholders.
17. Liaise with legal and other SMEs for the negotiation of agreements when required.
18. Maintain all data and documentation as required with a high degree of accuracy as evidenced by data quality tool reporting.
19. Conduct complex research to support contract negotiations and compile findings into an appropriate, intuitive format.
20. Assess and prioritize work requirements, develop, and execute plans in a timely manner and accept advice and/or direction well.
21. Contribute to the achievement of business area objectives.
22. Work with data to agree on sourcing strategies, cost modelling, and cost breakdowns.
23. Assist with other tasks and projects.

Experience Required:

Qualifications:

1. Bachelor’s degree or equivalent combination of education and work experience required.
2. Business, Procurement, Supply Chain degree or CIPS qualification preferred.
3. Ideally 5 years of total work experience.
4. Understanding of procurement and sourcing processes and practices in the financial sector preferred.
5. Experience working in a controlled environment, where you understand all the key regulations and processes involved in sourcing activities.
6. Demonstrated experience in managing large, complex projects and spend categories preferred.
7. A wealth of category knowledge across multiple complex categories, with a key focus on Technology.

Practices:

1. Strong stakeholder management skills, with the ability to influence and negotiate effectively.
2. Demonstrated ability to achieve cost savings and add value through strategic sourcing initiatives.
3. Proactively generates new ideas and solutions to enhance Vendor Management & Sourcing processes and outcomes.
4. Strong contract modelling skills.
5. Proven experience managing complex and non-complex sourcing deals and categories, in the context of the financial services or regulated environment.
6. Be recognised internally as a subject matter expert in the context of their category.
7. Commercial acumen.

Technical:

1. Strong analytical and reporting skills, with proficiency in data analysis and report generation.
2. Robust skills in Microsoft Office software, including Word, Excel, PowerPoint, Access, Project.
3. Ability to meet project objectives within designated constraints.
4. Solution-oriented, strives to meet or exceed stakeholder expectations.
5. Pragmatic results-driven / execution and delivery focused.
6. Analytical mind-set.
7. Confident collaborator who takes ownership and leads by example.
8. Knowledge of the procurement of Technology.

Behavioural:

1. Excellent communication, networking, and relationship-building skills.
2. Resilient, adaptable, and able to manage change in a dynamic work environment, even under pressure.
3. Takes the initiative in researching solutions to technology problems.
4. A drive to learn new technologies and consider how they can be adopted by the business.
5. Can work independently or as part of a team.
6. Able and willing to learn new skills quickly.
7. Motivated self-starter, problem solver, collaborative.
8. Understands and upholds the need for good documentation.

Insight is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief, sexual orientation or other factors protected by federal, state and/or local laws. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at .

#J-18808-Ljbffr