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Role profile:

LSEG acquired Refinitiv in 2021. A transformation programme is currently underway to full realise the potential of the now integrated companies. LSEG combined its procurement functions early in the integration phase and is continuing to enhance its own capabilities and maturity, whilst supporting the wider transformation programme.

Group Procurement is responsible for managing third-party supplier engagements, partnering with the business to drive high performance and sustainable value from our supplier relationships. We aim to make LSEG easier and more attractive to do business with and we consider our suppliers as a source of competitive advantage and not just about cost.

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 new Group Procurement organisation:

The purpose of the role is to support the Category Lead and Category Managers with the delivery of the category strategy and deployment of the supplier relationship management program, ensure quality issues are resolved with the supply base and monitor the PR/PO pipeline.

This role sits in the Technology tower, reporting to one of the Category Directors, who are responsible for the global procurement activities including engagement and ongoing management of third-party suppliers, the sourcing and vendor strategy and roadmap for their Category, split as follows:

Networks, Datacentres & Storage
Infrastructure
Cybersecurity
Cloud & End User
Capital Markets
Post Trade & Corporate
Innovation, D&A & Shared Tech

The total annual spend for Technology for the above categories combined is c £750m

The role will perform a combination of sourcing, supplier management and business partnering activities, with an emphasis on sourcing. This role will report to one of the Category Directors and will be primarily be aligned to their Category, although the role may be required to support other Categories with Technology Procurement and the wider Group Procurement team from time to time.

Budget Responsibility: None.

Direct Reports: None.

Indirect Reports: None

Key interfaces:

Key responsibilities of the role:

Contribute to the development of basic sourcing strategies, including identifying risks, key outputs and deliverables. Lead sourcing and negotiation for low to medium spend new agreements or renewals within own scope and escalating those that are not, analysing financial and commercial structure, engaging Legal as required and ensuring correct terms and conditions are applied Engage stakeholders to ensure renewal is required and scale is accurate Engage the appropriate business stakeholder or vendor manager to get PO raised Support Category Leads or Category Managers with SRM activities, manage allocated supplier relationships Support sourcing activities across the wider team (Category Leads or Category Managers in other categories), as required depending on workload Manage the PR/PO pipeline for the assigned Category of spend

Review pipeline and Purchase Requisition queue and liaise with the Category Lead and relevant Category Managers

Ensure purchase requests meet required standards - i.e. 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

Ensure Category managers are kept informed

Keep abreast of market and industry developments. Able to make recommendations on alternate sources of supply to inform specifications

Engage with key stakeholders across the business and key functions such as Legal, Finance and HR to progress queries and act as a point of procurement contact, with support from the Category Lead and other Category Managers Engage with budget-owners to obtain key information and explain procurement processes in line with agreed process and procedures. Deal with stakeholder queries escalating as appropriate Engage with key functions to obtain information and complete necessary actions such as supplier segmentation form

Information technology

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

Assess the value added by IT systems to resources employed (e.g. assess benefits of new sourcing solutions), support the design, implementation and management of procurement systems

Contract management

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

Monitor contract performance and able to identify when corrective action needed

Identify where it is necessary to vary a contract to deliver continuous improvement, draft robust variations and ensure proper approvals are sought

Provide assistance to the business and suppliers across the end to end sourcing process, i.e. reviewing purchase orders, facilitating exceptions such as payment difficulties and ensuring timely delivery of goods and services, ensuring an excellent service is provided from within Group Procurement and other key stakeholders. Escalate when appropriate Actively promote continuous improvement by challenging process and procedure to identify and implement valid improvements

Enter the essential experience and skills required:

Desirable

Values and Behaviours

Personally demonstrates and leads their team to live the LSEG Values and Behaviours

Connect: We work as one company to serve our customers. We unify to get the best from our people and to deliver the greatest value for our customers. We break down silos, bringing together data, products, people and partners globally in new and better ways. We behave as a truly global organization, creating inclusive teams who work in partnership with our customers and stakeholders.

Create opportunity: We have the courage to think differently. We are proud of our heritage yet not constrained by it. We’re curious and willing to disrupt ourselves. We expand our horizons and recognise that brilliant ideas and perspectives can come from anywhere. We shape markets in ways that create sustainable value for society and create an impact we’re proud of.

Deliver excellence: We execute to the highest standards. Good enough isn’t good enough – we constantly challenge ourselves to be better. We deliver on our commitments and take ownership of every aspect of our work. We know that financial communities depend on the integrity of our infrastructure and data, and never compromise on stability and resilience.

At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities. Our open culture is central to how we deliver our purpose – driving financial stability, empowering economies and enabling customers to create sustainable growth – in everything we do.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 70 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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