Sr Analyst, Strategic Sourcing and Procurement

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview:

The Strategic Sourcing and Procurement (SS&P) team is located in the Carolinas campus (Fort Mill, SC) and is responsible for managing the full end-to-end sourcing and procurement lifecycle.  SS&P’s mission is to 1) Deliver sustainable, ethical practices and leadership to enable the selection of external partners to drive the best service, quality, and value for LPL while appropriately mitigating risk. 2) Provide leadership to our business partners through LPLs center-led Vendor Management Program to ensure that any contractual and performance risks are effectively mitigated. 3) Drive operational excellence through management of the requisition and contract processes and third-party access controls.

As part of our goal to become a trusted business partner, we are aligned to business units and responsible for meeting regularly with them to understand their needs, conducting spend and contract analysis and developing category plans to help develop and drive strategic sourcing plans. The ideal candidate for this role will not only have sourcing, contract, and vendor management experience, but also strong business acumen to enable informed and targeted decisions to drive continuous improvement.

Responsibilities:

As a Sr. Sourcing Analyst in SS&P you will be responsible for executing the sourcing and procurement process to procure various products and services for LPL.  As such, you will work closely with a number of internal stakeholders in the selection, use and management of external vendors across the LPL portfolio.  This includes management of the entire sourcing process for assigned categories with a constant focus on working collaboratively with leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance.

A fundamental component of the role is change management and the ability to lead the transformation of SS&P into a strategic partner across the firm.

Other responsibilities include:

- Negotiating contracts (>$500k) with key vendors. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs
- Working with leadership teams in to form actionable strategic sourcing plans
- Understanding operational needs while anticipating new opportunities.
- Managing and delivering on strategic sourcing engagements with medium - high spend across all phases of the sourcing life cycle
- Building strong relationships and acting as the sourcing SME for senior leaders in your assigned categories, providing experience and insight to become a “trusted advisor’ to our internal partners
- Bringing strategic thought leadership to identify additional cost, service, quality and operational efficiencies
- Challenging assumptions, opinions, and decisions in a diplomatic way to ensure that actions taken are in the organization’s best interest
- Working with LPL’s Compliance, Legal, and Risk functions to ensure vendor risk is mitigated across the firm
- Provide leadership and guidance to the broad SS&P team
- Fostering a positive, diverse and inclusive culture through education and communication
- Leading and supporting projects to continuously improve the capabilities of the SS&P organization

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness , act with integrity , and are driven to help our clients succeed . We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

- A minimum of 5-7 years of experience working in a Sourcing or Vendor Management role within a mid to large sized company
- IT Consulting/Professional Services/Managed Services specific Sourcing experience is highly desirable
- Experience with sourcing strategy development and execution

Core Competencies:

- Natural ability to build & foster strong relationships
- Collaboration skills with the ability to engage and influence others in all levels of the organization
- Proven experience in managing multiple projects, with an ability to prioritize individual and team workload based on business needs and deadlines
- Negotiation skills with demonstrable experience in negotiating win-win outcomes that meet the interests of all parties
- Ability, with proven experience, to work in a dynamic fast paced organization, with a focus on continuous improvement, customer service and teamwork
- Creative problem-solving skills and experience in facilitation of effective discussions around change management and varied ideas, opinions, insights and expertise
- Unimpeachable ethical standards and a strong work ethic

Preferences:

- Financial Services experience is desirable
- Established proficiency in negotiating MSAs, SaaS Agreements, EULAs, SOWs
- Experience using ARIBA or other Procure-to-Pay tools is desirable
- Demonstrated knowledge of sourcing best practices with a working knowledge of various industry contract types, structure, pricing, terms and conditions, warrantees, service level agreements (SLAs), etc.

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Pay Range:
$73,748.00 - $122,879.00
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Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
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Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com .

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an  @lplfinancial.com  email address and will never conduct an interview online or in a chatroom forum.  During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card.  Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.

EAC 5.19.26