Head of Procurement
Fitch Group, Inc is looking to hire a Head of Procurement to be responsible for leading the global procurement function across the organization with a total annual spend of $150m+. The role will be New York City based, and will be responsible for efficiently and effectively enabling spend owners to maximize the value they receive from suppliers to meet their strategic objectives. She/he will work with each business unit to lead centralized direct and indirect sourcing and procurement efforts. This will include working with key internal stakeholders from initial need identification to final goods or service delivery. In this leadership role, the successful candidate will direct the procurement of goods and services for the Fitch Group; develop and update procurement policies and procedures; establish a centralized procurement program that will add value and increase efficiency across organization. She/he will lead the team in developing and implementing policies, procedures and systems that support the company's acquisition and materials management of goods and services. Primary Responsibilities
- Develop and communicate a procurement business plan; establish, communicate and implement long-term goals for the department in order to promote value and efficiency, and consistency across the organization.
- Manage current procurement policies, procedures and programs with a focus on their ability to enhance organizational value and efficiency
- Meet regularly with business leaders regarding procurement for their understanding and/or recommendations to enhance policies and vendor management procedures.
- Select, implement, and managing a procurement system that can improve the effectiveness of the procurement processes across Fitch Group and also enhance downstream payment and accounting processes.
- Management of procurement staff in (and across) sourcing, contracting, transactional purchasing, supplier management, and miscellaneous internal procurement support activities
- Build a Procurement Center of Excellence (CoE) to help transform Procurement, and also support broader transformation of the value chain and the enterprise
- Develop and implement procurement-related training programs for the procurement team and broader organization.
- Strong leadership skills
- Team player with ability to establish deep relationships at the executive level as well as collaborate with business units and functional partners (e.g. IT, Finance, HR, Legal, etc.)
- Strong operational management skills
- Ability to build collaborative relationships across direct team and broader organization
- A player/coach who can both directly manage spend as well as mentor/lead a small team in doing so
- Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc.
- Understanding of dynamics across financial information services industry
- Excellent communication skills allowing she/he to understand the internal customer needs and communicate Procurement's value to it.
- Ability to establish the Procurement team's value and credibility across the organization and run the function as a services business In-depth knowledge of sourcing and procurement principles and best practices
- Strong negotiation skills and proven ability to negotiate large commercial deals
- Experience with modern sourcing and procurement systems
- Familiarity with relevant legislative and regulatory requirements, as well as understanding of standard contractual terms and conditions to mitigate legal risk
- Strategic mindset and strong problem-solving skills
- Change management skills and ability to flex approach based on a dynamic set of stakeholders (e.g., expert model vs. facilitative model)
- Knowledge of enterprise risk management and business continuity planning
- Analytical mindset, but also creativity to seek, encourage and find non-traditional approaches that have historically "boxed-in" procurement
A minimum of 10 years of senior supply management and operational management experience. Education
Minimum of a Bachelor's degree in Supply Chain Management, Economics, Finance, Operations, Engineering or a related area, with a Master's degree preferred.
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an industry-leading provider of credit risk products and services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, creed, religion, gender, national origin, ancestry, citizenship status, age, disability, marital or veteran status, sexual orientation, gender identity and other status protected by applicable laws.
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.
For more information about this policy, please visit the Code of Ethics and Conduct page .