Sr. Manager, Supplier & Contract Management

Sr. Manager, Supplier & Contract Management

As an integral part of the Supplier & Contract Management leadership team, the position is responsible for ensuring the delivery of some of Thomson Reuters' most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with).

The Sr. Manager, Supplier & Contract Management performs the ongoing and daily activities for managing global contracts that provide application development and maintenance (ADM) services.

About the Role In this opportunity as a Sr. Manager, Supplier & Contract Management, you will :

• Ensure the delivery of contracted ADM services supporting both critical internal business applications and / or customer-facing applications including Thomson Reuters' flagship products
• Act as Thomson Reuters' subject matter expert for assigned supplier contracts
• Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters
• Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers
• Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements
• Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools
• Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance / compliance
• Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in / approvals
• Implement a methodology for price and performance benchmarking to ensure agreements remain commercially optimized over time
• Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings
• Support 360-degree supplier relationship assessments and efforts (buy-from, sell-to and partner-with)
• Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders
• Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy-from, sell-to, partner-with)
• Represent Supplier & Contract Management in operational / service management governance forums with strategic suppliers
• Manage contract terminations for cost-efficient and successful contract exits
• Manage a small team (1-3) of direct reports

Scope of Impact :

About You You're a fit for the role of Sr. Manager, Supplier & Contract Management if your background includes :

Additional items for consideration :

What's in it For You?

In the United States, Thomson Reuters offers a comprehensive benefits package to our employees. Our benefit package includes market competitive health, dental, vision, disability, and life insurance programs, as well as a competitive 401k plan with company match. In addition, Thomson Reuters offers market leading work life benefits with competitive vacation, sick and safe paid time off, paid holidays (including two company mental health days off), parental leave, sabbatical leave. These benefits meet or exceeds the requirements of paid time off in accordance with any applicable state or municipal laws. Finally, Thomson Reuters offers the following additional benefits : optional hospital, accident and sickness insurance paid 100% by the employee; optional life and AD&D insurance paid 100% by the employee; Flexible Spending and Health Savings Accounts; fitness reimbursement; access to Employee Assistance Program; Group Legal Identity Theft Protection benefit paid 100% by employee; access to 529 Plan; commuter benefits; Adoption & Surrogacy Assistance; Tuition Reimbursement; and access to Employee Stock Purchase Plan. 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 any eligible US locations, unless otherwise noted, the base compensation range for this role is $99,400 - $184,600. This role may also be eligible for an Annual Bonus based on a combination of enterprise and individual performance. Base pay is positioned within the range based on several factors