Specialist(Source to Contract)

Source to Contract Specialist – Strategy & Performance

Operational Excellence & Digital Transformation

Location (India/Sri Lanka)

Job description

About us:

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

Our people:

People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential.

We know that real personal growth cannot be achieved by simply climbing a career ladder – which is why we encourage and enable a wealth of avenues and interesting opportunities for everyone to broaden and deepen their skills and expertise. As a global organisation spanning 65 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.

Role profile:

The Specialist in the Group Procurement Center of Excellence (CoE) team will facilitate upstream source-to-contract processes using SAP Ariba and Oracle Fusion platforms. This role ensures the efficient execution of procurement activities, including contract management, sourcing, RFP management, and supporting reporting and compliance tasks.

As a member of the Group Procurement CoE team, the Specialist will work with the GP-CoE Manager. The main focus of this role is on the contract management process, collaborating with category managers to receive signed contracts, review contract details, and ensure secure storage in the repository with metadata information populated in the Ariba/Oracle platform.

Role summary:

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.

Some key characteristics of the new Group Procurement organisation:

• Supplier spend c £2BN and c. 4,000 suppliers
• Team structured around:
• Three master categories of spend (Technology, Services and Corporate)
• A Strategy & Performance centre, enabling function to drive and implement the strategy of the Group Procurement function, best in class procurement policy and processes

The Strategy & Performance tower is comprised of four teams:

• An Organizational Change Office (CMO) team focused on transformation, change, risk and customer engagement
• A Centre of Excellence (CoE) focused on enabling processes and support to design and implement the strategy
• A Shared Services (SS) team, focused on tactical buying and small category management
• An individual contributor role managing Oracle implementation initiatives

This role sits in the Group Procurement (CoE) team, reporting into the GP-CoE Manager. Sr. Specialist, CoE will play the techno-functional role to support Upstream Source to contract processes using SAP and Oracle Fusion platform including

• Contract creation,
• Contract administration, performing Quality checks,
• Tagging metadata, repository management, etc.
• Supporting others Sourcing activities management
• Compliance and reporting

Its purpose is to provide effective and high-quality assistance to all teams within the Group Procurement function to ensure the efficient delivery of category, sourcing, operations, and supplier management, compliance, and communication management activities.

Key Functional Requirements:

• Providing functional and technical support (L2 & L3) across Oracle and SAP Ariba  
• Lead the processing of contract requests and ensure accurate and timely uploads to Oracle and SAP Ariba
• Ensure the timely submission and validation of contract metadata fields
• Generate and analyse contract reports to identify trends and areas for improvement
• Provide support in contract lifecycle management, including addendums, amendments, terminations, and closures
• Collaborate with Category Managers, Procurement CoE, and other partners to resolve complex contract issues
• Support upstream applications (Source to Contract) and implementation of cloud procurement projects including design, configuration, testing, post release support, reporting, training
• Identify issue pattern and work with product management and engineering team for system resolution
• Tool Administration and Maintenance
• Ensure compliance with organizational policies and regulatory procedures related to contract management, like SOX, DORA, etc
• Responsible for assessing technical and functional issues and support in developing system solutions for the deployment and the ongoing support of Ariba/Oracle Fusion cloud-based solutions.
• Contribute to activities which broaden and enhance Group Procurement’s over-arching Source to contract and third-party risk management approach
• Manage Service delivery to complete contract management activities, including Contract analysis, metadata tagging, contract QA, reporting etc.
• Support the wider Group Procurement team as required to defined Strategy & Performance processes that enable the wider team to be best in class (e.g. tiering and segmentation, spend analytics and reporting, demand management, customer engagement and tooling)

Essential experience and skills required:

• Bachelor's degree in Business Administration, Law, Sourcing management, Procurement process management or a related field.
• 4-5 years of experience in contract management, sourcing and auction management
• Experience in using contract management systems – Ariba and Oracle or procurement systems is desirable
• Good Skills in reporting tool like PowerBI and automation tools like Power automate, Power apps etc will be preferred but not required
• “Roll your sleeves up” person who will be effective both as an individual contributor and to be a part of the team
• Strong presentation and client/customer engagement skills and be able to work with team to complete an implementation plan that works towards a rapid, successful Release.
• Strong customer engagement skills: able to quickly foster positive relationships day to day which lead to the right results
• Exceptionally delivery focussed, with a proven track record of being able to manage a list of parallel and/or conflicting priorities
• Determined and positive attitude with the ability and willingness to take ownership of tasks, processes, and operations with limited direction
• Good communication skills.
• Ability to cut through complexity, be pragmatic and complete the tasks
• Cooperative style and great teammate 

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 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 mental health or physical disability needs.

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