Wellington Management Company, LLP
Director, Enterprise Sourcing
Boston, MA
Feb 8, 2025
Full-time
Full Job Description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

The Director, Enterprise Sourcing is a key leadership role responsible for global procurement strategy for Wellington Management, overseeing vendor sourcing, contract management, and category management. This leader will manage complex, high-value technology-related contracts, drive strategic supplier relationships, and ensure compliance with the firm’s operational and financial objectives. This role requires a deep understanding of procurement needs, global market dynamics, and technology-driven procurement solutions.

The ideal leader has operated successfully at a global level, having a desire to develop, mentor and coach a team. In alignment with company’s overarching business strategy and corporate business goals, this leader will create a strategic vision and direction for the enterprise sourcing function. This will necessarily entail building strong business partnerships across the organization and ensuring strategic business decisions are underpinned by strong analytics.

Candidates should enjoy being part of a dynamic leadership team that seeks to innovate, and constantly look for opportunities to increase the value of our interactions and deliverables to our business partners. Characteristics of successful team members include the ability to: i) bring others along through an evolution of the business, ii) identify and develop talent; iii) communicate and execute upon a compelling vision and roadmap iv) ‘connect the dots’ and v) challenge the status quo.

RESPONSIBILITIES

Strategic Sourcing & Vendor Management

  • Develop and execute a global vendor sourcing strategy to identify, assess, and onboard suppliers that align with the firm’s operational and financial goals

  • Build and maintain strong relationships with key vendors, ensuring high-quality delivery and performance

  • Manage relationships with strategic and critical vendors to promote opportunities and innovation

Contract Management

  • Oversee the drafting, negotiation, and execution of contracts, including complex technology agreements, ensuring alignment with legal and regulatory standards

  • Manage contract renewals, terminations, and amendments while mitigating risk and optimizing value

Enterprise Sourcing Lifecycle Oversight

  • Establish and implement a streamlined global enterprise sourcing lifecycle, ensuring consistency, efficiency, and compliance across all regions

  • Lead procurement planning, budgeting, and execution for strategic initiatives

  • Oversight of the RFP/RFI process, including screening and meeting potential vendors

  • Effectively work with business groups as a trusted leader and advisor to determine desired product/service specifications

Leadership & Stakeholder Collaboration

  • Lead and mentor an enterprise sourcing team, fostering professional growth and high performance

  • Collaborate with cross-functional teams, including legal, finance, IT, and operations, to achieve organizational objectives

Change Management and Transformation

  • Lead enterprise sourcing transformation initiatives, including adoption of new technologies, processes, and best practices to enhance efficiency and performance

  • Develop and execute change management plans to support the adoption of new systems, tools, and workflow across the enterprise sourcing function

  • Build reporting and metrics to ensure objectives are being met and to drive enhanced stakeholder engagement and data-driven recommendations and decision making

  • Foster a culture of innovation and continuous improvement, ensuring the team adapts to evolving industry trends and market conditions


QUALIFICATIONS

  • A Bachelor’s degree is required; advanced academic credentials (such as a MBA or JD) are highly desirable

  • Demonstrable (15+ years) relevant work experience in procurement / enterprise sourcing leadership experience, ideally within a global environment

  • Proven experience in vendor sourcing, contract drafting and negotiation, and managing complex technology vendor contracts

  • Experience leading procurement / enterprise sourcing during large-scale transformation projects, including process optimization and change management initiatives

  • Proven track record of leading and developing high-performing teams, with a focus on cultivating a positive, collaborative culture that aligns with organizational goals and drives sustained success.

  • Proven ability to influence and collaborate with executives, peer leaders and senior stakeholders to align enterprise sourcing strategies with organizational goals

  • Strong knowledge of RFI / RFP process and procurement lifecycle management

  • Strong negotiation skills and demonstrated ability to manage diverse contract negotiations

  • Familiarity with supplier diversity programs would be viewed favorably

  • Excellent analytical and problem-solving skills including the ability to identify, research and resolve unfamiliar issues and communicate issues with all levels of the organization

  • Excellent writing/editing and verbal communications skills, including formal presentations

  • Ability to think strategically while also focusing on the details

  • Ability to collaborate across departments with a professional presence; proven ability to cultivate and maintain strong business relationships at all levels within the organization

  • Strong attention to detail and well-organized; ability to prioritize and multi-task and work well under aggressive deadlines

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:

USD 100,000 - 225,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

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Director, Enterprise Sourcing
Wellington Management Company, LLP
Boston, MA
Feb 8, 2025
Full-time
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