This posting is for proactive recruitment purposes and may be used to fill current openings or future vacancies within our organization.

 

 

 Global Procurement manages and optimizes the third party spend of Thomson Reuters. Our mission is to partner with our stakeholders to acquire the right goods and services at best value and within an acceptable risk perimeter to drive our corporate objectives. We integrate and manage a highly complex network of products, services, processes, technologies and suppliers across all Thomson Reuters locations worldwide.

Reporting to the Senior Director IT Sourcing, the Sourcing Manager IT Sourcing will take a leadership role informing sourcing strategy and leading sourcing engagements in categories focused on software, cloud and related services, as well as technology innovation and AI. This individual will assist Business Leaders in managing their respective P&L's with regards to spending, planning, and development of supplier relationships critical to their respective lines of business.

Note: This is a Hybrid role (*mix of working from home and in the office at least 2-3 days per week)

About the Role

In this opportunity as Sourcing Manager, you will:

• Develop Category Plans and Sourcing Strategies containing a portfolio of key initiatives which deliver the IT Strategy
• Contribute to the development of the annual pipeline of IT sourcing initiatives, integrating with the financial planning process
• Instill Global Procurement Methodology, as well as proper use of Procurement Policy across the organization
• Deliver IT sourcing initiatives, achieving best value within acceptable risk
• Draft, redline and negotiate supplier contracts within Thomson Reuters’s contracting standards and business objectives
• Rationalize the number of IT suppliers and reduce fragmentation in the enterprise spend base in order to streamline and simplify the supplier landscape and drive commercial efficiency
• Collaborate with Procurement Legal, Risk Oversight Functions, Technology and Business stakeholders
• Represent Procurement in governance forums with strategic IT suppliers, build and enhance relationships with strategic IT suppliers, along with the Supplier and Service Delivery Management Teams, to deliver high levels of service whilst maintaining best-in-class commercial terms and conditions

Key Deliverables:

• Category Plans and Sourcing Strategies developed and approved by all relevant stakeholders
• High-quality collateral, Sourcing project artifacts, and negotiated supplier agreements developed and approved in accordance with the Global Procurement Methodology at each stage of the sourcing lifecycle to facilitate informed decision-making amongst the stakeholder community
• Significantly reduced third party risks with mitigation strategies for each IT sourcing initiative
• Significant and sustainable annual reduction in Thomson Reuters cost-base, demonstrated using a robust savings methodology which is consistently applied and rigorously approved

About You

You're a fit for the Sourcing Manager role if your background includes:

• At least 5+ years of experience in IT Sourcing including successful development and negotiation of IT agreements in excess of $10M value
• Proven track record of delivering significant and sustainable cost reductions through effective implementation of a coherent IT sourcing strategy
• Deep understanding of contract terms and contractual language; proven skills and experience in drafting and redlining contracts
• Good external and internal relationship management and cross-functional leadership skills
• Experienced sourcing practitioner, understanding of best-practice sourcing methodology and a demonstrated track record of working ethically to achieve excellent outcomes
• Experience of leading negotiations with major global software and cloud suppliers
• Knowledge of the sourcing marketplace and trends in the industry, as well as regulatory climate, including the ability to assess the impact of change in the context of the sourcing strategy
• Expert analytics and ability to develop coherent and high-quality sourcing collateral including business cases, contract summaries, presentations, and RFx materials
• Experience in building strong relationships with senior IT and business executives
• Bachelor’s degree, Procurement certification or equivalent experience. Experience in Technology-related fields is an asset.

#LI-JK3

What’s in it For You?

• Hybrid Work Model: We’ve adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected.

• Flexibility & Work-Life Balance: Flex My Way is a set of supportive workplace policies designed to help manage personal and professional responsibilities, whether caring for family, giving back to the community, or finding time to refresh and reset. This builds upon our flexible work arrangements, including work from anywhere for up to 8 weeks per year, empowering employees to achieve a better work-life balance.

• Career Development and Growth: By fostering a culture of continuous learning and skill development, we prepare our talent to tackle tomorrow’s challenges and deliver real-world solutions. Our Grow My Way programming and skills-first approach ensures you have the tools and knowledge to grow, lead, and thrive in an AI-enabled future.

• Industry Competitive Benefits: We offer comprehensive benefit plans to include flexible vacation, two company-wide Mental Health Days off, access to the Headspace app, retirement savings, tuition reimbursement, employee incentive programs, and resources for mental, physical, and financial wellbeing.

• Culture: Globally recognized, award-winning reputation for inclusion and belonging, flexibility, work-life balance, and more. We live by our values: Obsess over our Customers, Compete to Win, Challenge (Y)our Thinking, Act Fast / Learn Fast, and Stronger Together.

• Social Impact: Make an impact in your community with our Social Impact Institute. We offer employees two paid volunteer days off annually and opportunities to get involved with pro-bono consulting projects and Environmental, Social, and Governance (ESG) initiatives.

• Making a Real-World Impact: We are one of the few companies globally that helps its customers pursue justice, truth, and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.

Our use of AI within the recruitment process Thomson Reuters utilizes Artificial Intelligence (AI) to support parts of our global recruitment process. Unless you opt-out, our AI system will assess the information provided by you and compare it to the requirements listed for the role, and present the result to our recruitment personnel for further review. The AI system acts as a supporting tool, but there is always a human making the decision if you will be considered for the role

Thomson Reuters complies with local laws that require upfront disclosure of the expected pay range for a position. The base compensation range varies across locations. For Ontario, Canada, the base compensation range for this role is $77,000 CAD - $127,000 CAD. Base pay is positioned within the range based on several factors including an individual’s knowledge, skills and experience with consideration given to internal equity. Base pay is one part of a comprehensive Total Reward program which also includes flexible and supportive benefits and other wellbeing programs. This role may also be eligible for an Annual Bonus based on a combination of enterprise and individual performance.

About Us

Thomson Reuters informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. We serve professionals across legal, tax, accounting, compliance, government, and media. Our products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news.

We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments. At a time when objectivity, accuracy, fairness, and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.

As a global business, we rely on the unique backgrounds, perspectives, and experiences of all employees to deliver on our business goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity Employer providing a drug-free workplace.

We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law. More information on requesting an accommodation here.

Learn more on how to protect yourself from fraudulent job postings here.

More information about Thomson Reuters can be found on thomsonreuters.com