Senior Manager, Procurement & Sourcing Operations

About Vanguard
Founded in 1975, Vanguard is one of the world's leading investment management companies. The firm offers investments, advice, and retirement services to tens of millions of individual investors around the globe—directly, through workplace plans, and through financial intermediaries.

Vanguard’s India Office

Vanguard’s office in India is a significant milestone in our global expansion. We are committed to establishing an enduring technology center in Hyderabad, Telangana and are excited to be adding talent who will focus on Artificial Intelligence (AI), mobile, and cloud-based technologies that drive our business outcomes and deliver a world-class experience for our clients.  

Role Summary
This role oversees the development of objectives, policies and procedures for procurement and sourcing operations to ensure operational efficiency. Additionally, this role drives strategic sourcing initiatives and strengthens vendor partnerships to optimize cost, quality, and service outcomes.

Responsibilities
1. Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew. Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
2. Oversees sourcing operations by drafting, reviewing, analyzing, modifying and negotiating a variety of commercial contracts
3. Acts as escalation point for issues with contract negotiations, providing guidance to inform decisions.
4. Contributes to the development and improvement of form agreements and templates to streamline negotiation process.
5.Interprets and communicates contract requirements, obligations, and risk exposures to key stakeholders, including sourcing professionals and business leaders.
6. Educates key stakeholders about commercial, legal, policy and other considerations in support of the negotiation process.
7. Ensures benefits from advantageous contract terms as a trusted authority based on deep legal contracting and procurement expertise.
8. Collaborates with internal stakeholders to facilitate obtaining optimal contract terms while mitigating risk. Maintains close working relationship with legal counsel.
9. Develops and executes strategic sourcing plans to achieve cost savings and operational efficiencies.
10. Monitors supplier performance and drives continuous improvement through performance reviews and SLAs.
11. Ensures compliance with organizational procurement policies, regulatory requirements, and audit standards.
12. Leverages procurement tools and analytics to improve decision-making, spend visibility, and reporting.
13. Participates in special projects and performs other duties as assigned.

Qualification & Skills

• Minimum 10 years of related work experience. Supervisory experience preferred.
• Undergraduate degree (such as B.Com, BBA, B.E./B.Tech, or equivalent) or equivalent combination of training and experience. Accounting or Finance degree preferred. Graduate degree (such as MBA in Finance, Supply Chain, or equivalent) preferred.

Location

This role is based in Hyderabad, Telangana at Vanguard’s India office. Only qualified external applicants will be considered.

Our mission

Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Our commitment to you 

Vanguard takes the same long-term view of your success—at work and in life—with Benefits and Rewards packages that reflect what you care about, throughout all the phases and stages of your life. Our Total Rewards programs provide you and your loved ones with wellness support for key areas in your life: 

Financial wellness 
We're committed to enabling your financial success and provide competitive offers and programs. 

Physical wellness 
We're committed to providing benefits that support your physical health and wellness. 

Personal wellness 
We're committed to providing resources that help support the full scope of your life. 

How we work

Vanguard has implemented a hybrid working model for most of our employees (crew members), designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.