Senior Buyer - Technology

ABOUT US:
LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.
Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG's ticker symbol is LSEG.
OUR PEOPLE:
People are at the heart of what we do and drive the success of our business. Our culture of connecting, creating opportunity and delivering excellence shape how we think. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We encourage teamwork and collaboration, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential.
We know that real personal growth cannot be achieved by simply climbing a career ladder - which is why we encourage and enable a wealth of avenues and opportunities for everyone to broaden and deepen their skills and expertise.
As a global organisation spanning 70 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.
Role profile:
Group Procurement is responsible for managing third-party supplier engagements, we consider our suppliers as a source of competitive advantage and not just about cost. We partner with the business to drive quality performance and sustainable value from our supplier relationships. We aim to make LSEG easier and more attractive to do business with and
We operate a business partnering and supplier relationship management (SRM) model, aligned to stakeholder groups and spend categories, ensuring value through early and strategic engagement and insightful vendor spend analytics.
Some key characteristics of the LSEG Group Procurement organisation:

• Supplier spend c £2BN and c. 5,000 suppliers
• Team structured around:
  • Three towers aligned to the master categories of spend (Technology, Services and Corporate), focused on category management, sourcing, supplier relationship management and business partnerships.
  • A Strategy & Performance centre, enabling function to drive and implement the strategy of the Group Procurement function, best in class procurement policy and processes.
• Key hubs for the category teams in London, Bangalore and New York with a small amount of decentralised activity to support local markets which are in various global locations including Europe and Asia

The purpose of the role is to support the Infrastructure Category Team with the delivery of the category strategy, Software renewals, Hardware purchases, Issue resolution with the supply base and monitor of PR/PO pipeline. Support SRM activities.
This role sits in the Technology, reporting to the Category Director for Infrastructure, one of the Technology category areas. The team is responsible for global procurement activities including engagement and ongoing management of third-party suppliers, the sourcing and vendor strategy, and roadmap for the Category.
The role will perform a combination of sourcing, supplier management and business partnering activities, with an emphasis on sourcing.
Although primary aligned to Infrastructure Technology category initially, this role may be required to support other categories within Technology and potentially support across Group Procurement.
Budget Responsibility: N/A.
Reports: None.
Key interfaces:

• Category Directors/Leads, Category Managers and other buyers
• Group Procurement Centre of Excellence and Shared Services teams
• Business: supplier business owners and budget holders
• Finance Business Partners
• Legal
• Governance touchpoints (Architecture, Cyber, Compliance)

Enter the key responsibilities of the role:

Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope

analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied.

Handle the pipeline for the assigned Category of spend; Review pipeline and liaise with the Category Lead and relevant Category Managers

Engage with business on renewals to ensure it is required and sized appropriately. Collaborate with technology, Legal, Finance and Security as appropriate with support from the Category Director and other Category Managers

Ensure Business raise PO's. Support to ensure that purchase requests meet required standards, approval process has been followed, a fully signed LSEG standard contract and statement of work (if applicable) is in place, due diligence has been completed appropriately on new suppliers

Support Category Leads or Category Managers with SRM activities.

Support sourcing activities across the wider team as required depending on workload

Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and opportunities

Stay ahead of market and industry developments and make recommendations on alternate sources of supply where applicable.

Maintain Procurement systems and tools (e.g. pipeline management tool, savings tracker, supplier and contract databases, Category spend metrics)

Ensure that purchasing, pricing and supplier master data is kept up to date on the relevant IT systems so as to maintain procurement and planning efficiencies

Ensure that relevant contracts are in place for key suppliers as assigned and supported by the Category Director

Monitor contract performance and able to identify when corrective action neededIdentify where it is necessary to vary a contract to deliver contin