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Head of Sourcing, Client Engagement and Contracts

Fidelity

Fidelity

This job is no longer accepting applications

See open jobs at Fidelity.See open jobs similar to "Head of Sourcing, Client Engagement and Contracts" Mass Fintech Hub.
Boston, MA, USA
Posted 6+ months ago

Job Description:

Head of Sourcing, Client Engagement and Contracts

The Role

The Head of Sourcing, Client Engagement and Contracts will oversee the end-to-end sourcing and contracting lifecycle, alignment with business objectives, cost-effectiveness, regulatory compliance, and supplier performance. The role requires a strong balance of strategic vision, operational execution, stakeholder engagement, and risk management expertise.

  • Develop and lead an enterprise-wide sourcing strategy that aligns with business goals, cost savings, and supplier innovation.
  • Oversee category management framework, ensuring a structured approach to supplier selection, negotiations, and value realization.
  • Identify opportunities for cost optimization, process efficiencies, and supplier consolidation while maintaining quality and service levels for the organization.
  • Oversee the contract negotiations for high-value and high-risk supplier agreements, ensuring favorable terms, risk mitigation, and regulatory compliance.
  • Partner with legal, risk, compliance, and finance teams to structure and manage complex contracts, including service-level agreements (SLA’s) and performance metrics.
  • Oversee contract lifecycle management (CLM) tools and processes to enhance governance and streamline contract execution.
  • Develop and maintain strategic partnerships with key suppliers, fostering collaboration and continuous improvement.
  • Ensure compliance with regulatory requirements and ethical sourcing principles.
  • Function as strategic advisor to the business leaders and executive teams, aligning procurement strategies with organizational goals.
  • Partner with operations, IT, finance, and legal teams to drive procurement best practices and maximize value creating.
  • Lead and participate in governance structures to prioritize sourcing initiatives, resolve escalations, and optimize supplier performance.
  • Build, develop, and mentor a high-performing sourcing, engagement and contracting team, fostering a culture of innovations and continuous improvement.
  • Implement best-in-class procurement methodologies, analytics, and technology to enhance sourcing effectiveness.
  • Collaborate with other leaders across Procurement for transparency and openness on opportunities across the end-to-end source to pay process.

The Expertise and Skills You Bring

  • Master’s degree, with 15+ years of experience
  • JD preferred
  • Legal and Negotiation expertise, Contract Management, Vendor and Risk Management skills required
  • Initiative-taker who can bring together diverse perspectives and drive to action and desired outcomes
  • Experience with strategy development and change management
  • Ability to synthesize analysis and research into strategic insights and practical recommendations
  • Ability to assess risk and operationalize findings
  • Drive decisions in complex environments
  • Skilled in building relationships with peers and executives in a variety of capacities
  • Influencing and Collaboration skills to inform critical decisions, internally and externally
  • Ability to maintain a strong risk aversion position and manage hostile Vendors through the process life cycle.
  • You have experience in the areas of Legal, Vendor, Risk and Contract Management, and Strategic Sourcing
  • You enable and lead communications with key business leaders across the enterprise
  • Ability to lead, develop, and mentor a high-performing sourcing, engagement, and contracting team members, while fostering a culture of innovations and continuous improvement
  • You possess skills to implement best-in-class procurement methodologies, analytics, and technology to enhance sourcing effectiveness
  • Ability to collaborate with other Senior leaders across Procurement, Vendor Management and Fidelity for transparency and openness on opportunities across the end-to-end source-to-pay process
  • You motivate large organizations, lead, and develop, and produce innovative organizational alignments
  • Ability to travel 25% of the time

Note: Fidelity is not providing immigration sponsorship for this position

The Team

Client Engagement and Contracts is responsible for developing and executing global sourcing strategies, supplier negotiations, and contract management to optimize value, mitigate risk, and drive operational efficiency across the organization.

Certifications:

Category:

Procurement

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Company overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.

If you would like to request an accommodation, please contact us at:

accommodations@fmr.com

Apply

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 working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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, or by calling 800-835-5099, prompt 2, option 3.

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 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.

Benefits
Learning & development
Culture

Benefits that adapt to everything life sends your way

401(k) with company match

Medical, dental, vision and prescription drug coverage

16-week maternity leave & 12-week parental leave

Student loan assistance

Fidelity is invested in you

Committed to Professional Development

At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.

We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.

Continuing Education & Training

  • Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
  • Video-based training for technology, leadership, management & more.
  • Ongoing skills development and coaching opportunities.
  • Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
  • A range of talent development programs to support career mobility.

Mentoring

  • Utilize the skills of experienced leaders to enrich your career.
  • Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
  • An open atmosphere of knowledge sharing and collaboration.
  • Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.

Our Commitment to Diversity and Inclusion

"Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect." Abby Johnson | Chairman and CEO Fidelity Investments

At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.

Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.

These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.

  • Over 22K employees participate in an affinity group.
  • Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
  • 74% increase in affinity group memberships over the last three years.

Giving Back to Our Communities

Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.

Fidelity Cares

  • Provides associates with opportunities to actively volunteer and share their talents.
  • Hosts numerous company-wide volunteer events (in-person and virtual).
  • Partners with nonprofit organizations to support our local communities.
  • More than 12,000 associates donate time annually – from interns to SVPs.
  • Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.

Fidelity Charitable®

  • Created to make it easy for people to support charitable organizations they care about.
  • Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
  • Supported more than 300,000 unique charities around the world.
  • Since its inception, more than $42 billion has been given to public charities.

Similar Jobs

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