Procurement & Sourcing Vice President - Technol...
@ BlackRock

Budapest, Budapest, Hungary
$200,000
On Site
Full Time
Posted 13 hours ago

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Job Details

About BlackRock

BlackRock is one of the world’s preeminent asset management firms, offering a range of investment solutions including active management, indexing strategies, and industry-leading iShares® ETFs.

Business Unit Overview

The BlackRock Finance team encompasses various disciplines including Financial Planning & Analysis, Treasury, Tax, Finance Controls, and Global Strategic Sourcing (GSS). The GSS team acts as trusted strategic sourcing advisors to optimize supplier initiatives, reduce costs, and drive process improvements globally.

Role Overview: Procurement & Sourcing Vice President - Technology Category

This role is responsible for the global end-to-end management of strategic sourcing within the Technology Category. The position involves advising management, developing sourcing strategies, managing supplier relationships, market analysis, cost management, risk mitigation, and mentoring junior staff.

Principal Duties

  • Serve as a strategic advisor to management on sourcing and procurement.
  • Develop and implement comprehensive sourcing strategies.
  • Manage supplier relationships and negotiate favorable contracts.
  • Conduct market analysis to identify trends and risks.
  • Implement cost-saving initiatives and risk mitigation plans.
  • Recruit, coach, and mentor junior staff.
  • Collaborate cross-functionally with Legal, Risk, and Business Leads.
  • Ensure compliance with corporate policies and legal standards.

Experience & Competencies

Over 7 years of strategic sourcing experience in consulting, technology, or financial services, with expertise in IT consulting services negotiations, financial modelling, and contract law. Strong leadership, analytical skills, and proficiency in MS Office including AI tools are required.

Education & Benefits

Bachelor’s degree required; advanced degrees are a plus. Benefits include retirement plans, education reimbursement, health resources, family programs, and Flexible Time Off (FTO).

Work Model

The role follows a hybrid work model requiring at least 4 days in office per week with some flexibility for remote work.

Key Skills/Competency

procurement, strategic sourcing, leadership, negotiations, supplier management, cost management, contract law, risk management, financial modelling, market analysis

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How to Get Hired at BlackRock

🎯 Tips for Getting Hired

  • Customize your resume: Highlight strategic sourcing and leadership skills.
  • Research BlackRock: Understand their mission and global sourcing strategy.
  • Showcase industry expertise: Emphasize IT procurement and cost management.
  • Prepare negotiation examples: Demonstrate successful supplier deals.

📝 Interview Preparation Advice

Technical Preparation

Review IT market trends and analytics.
Practice financial and cost modelling exercises.
Study global supplier negotiation case studies.
Brush up on contract law fundamentals.

Behavioral Questions

Describe a time you led change.
Explain handling supplier conflict effectively.
Discuss decision-making under pressure.
Describe mentoring junior team members.

Frequently Asked Questions