Job Description:

Competitive Sourcing Specialist

The Procurement as a Service Team (PaaS) is responsible for all types of competitive sourcing including renewals, new products and services, existing product renewals (e.g. professional services, hardware, telecom, software, and cloud). The successful candidate will have a strategic mentality while working across our business groups to provide Fidelity the best price and terms while mitigating risk. The individual will have strong communications skills as they partner with internal partners, Fidelity leaders, and suppliers to achieve stronger scale and efficiency.

The Team

PaaS helps business units make thoughtful purchasing decisions that reduce risk and improve value for the firm. In this role you will assist associates that engage PaaS as they look to work with a new vendor or make changes to a current vendor relationship.

The person will directly, or indirectly, engage and negotiate with large and small vendors.

As a leader within a deal team, this person will collaborate with business unit product managers, contract managers, vendor managers, risk, ESG, legal, and finance to develop sourcing strategies.

The Expertise You Have3+ years of procurement, purchasing, or souring experience including commercial and contract negotiationsAbility to influence cross-functional project teams through complex projectsProactive management of multiple supplier relationships and ability to work well under pressureBS/BA in business administrationThe Skills You BringAbility to influence various project team membersBackground in negotiation, vendor management or product management including performance oversightStrong written, verbal and interpersonal communication skillsConsistent track record of strong collaboration and teamworkDetail oriented with a focus on continuous improvement skillsPassion and enthusiasm for driving optimum business outcomesCapable of leading negotiations and performing financial, technical, commercial and performance evaluations of suppliersExcellent planning and organizational skillsStrong customer focus and collaboration/teamwork skillsThe Value You DeliverAnalyze data and market trends to align strategies within category segmentsLead the sourcing, negotiations, contracting and procurement process across different Fidelity business divisionsEngage and regularly collaborate with various members across the Procurement organization and Business unitsWork to achieve outstanding pricing with suppliers on negotiationsPrepare RF(x) and lead teams in the source selection process

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.