Sourcing Manager – Category Lead of Market Data, Trading Services & Legal Services

Job description

Strategic Sourcing within Société Générale ("SG") Americas Sourcing Department supports the overall goals of the Global Sourcing Department in Paris ("ACHA/DIR") to optimize and control SG's cost structure while mitigating commercial, operational, and legal risks. This role is responsible for sourcing and supplier management activities across the Market Data, Trading Services, and Legal Services categories for the Americas region.

The position partners closely with Front Office, Research, Legal, Compliance, Operations, Technology, and Finance stakeholders to execute sourcing initiatives, negotiate commercial agreements, manage supplier relationships, and identify opportunities to generate value through cost savings, process improvements, supplier optimization, and risk mitigation. Strategic Sourcing Lead sourcing initiatives across Market Data, Trading Services, and Legal Services categories.

Manage competitive sourcing events, including RFIs, RFPs, and RFQs. Conduct spend analysis, supplier market research, benchmarking, and commercial evaluations. Develop sourcing strategies aligned with business objectives and category priorities. Lead commercial and contractual negotiations, including drafting and negotiating both legal and commercial terms and conditions in agreements such as MSAs, Order Forms, License Agreements, Data Agreements, Engagement Letters, NDAs, and Statements of Work.

Lead complex, high-value sourcing initiatives and enterprise-level negotiations. Deliver against defined savings, cost avoidance, and efficiency targets. Identify opportunities for supplier consolidation, demand management, and process improvements.

Market Data Category

• Manage sourcing activities for: Market data providers Pricing and reference data services Real-time and delayed data feeds Market data terminals and desktop solutions Exchange data licensing
• Research and analytics subscriptions Financial information platforms Index and benchmark providers Key responsibilities include: Negotiating market data licensing agreements and subscription renewals.

Managing exchange fee structures and vendor licensing requirements. Conducting usage reviews and entitlement optimization exercises. Benchmarking pricing and commercial terms across providers. Supporting business stakeholders in evaluating new market data products and services.

Examples of suppliers may include: Bloomberg LSEG (Refinitiv) ICE Data Services FactSet Morningstar S&P Global Moody's Trading Services Category

• Manage sourcing activities for: Electronic trading platforms Execution management systems (EMS)
• Order management systems (OMS) Trading connectivity and network services Exchange and venue connectivity Trading infrastructure services Market access solutions Post-trade and trade support services Key responsibilities include: Supporting sourcing initiatives related to trading technology and market connectivity.

Negotiating commercial agreements with trading service providers. Collaborating with Front Office, Electronic Trading, Infrastructure, and Operations teams. Evaluating supplier performance and service-level commitments. Assessing opportunities for cost optimization and service enhancements.

Legal Services Category Manage sourcing activities for: External law firms Regulatory and compliance advisory services Litigation support services Legal managed services E-discovery services Intellectual property services Contract management services Key responsibilities include: Negotiating rate cards, fee arrangements, and engagement terms with law firms and legal service providers. Managing alternative fee arrangements (AFAs) and fixed-fee engagements.

Supporting legal panel reviews and law firm selection processes. Conducting benchmarking and spend analysis across legal service providers. Driving outside counsel cost optimization initiatives. Stakeholder Management Partner with business stakeholders to understand sourcing requirements and business objectives. Collaborate with Legal, Compliance, Finance, Risk, Technology, Operations, and Third-Party Risk Management teams Prepare sourcing recommendations, negotiation strategies, and executive presentations.

Act as a trusted advisor to stakeholders on supplier selection, commercial models, and market trends. Contract Management & Legal Knowledge Strong understanding of commercial contracting principles and contract lifecycle management. Ability to identify and assess legal, commercial, operational, regulatory, and financial risks within supplier agreements.

Experience negotiating clauses related to: Limitation of liability Indemnification Confidentiality Intellectual property ownership Data privacy and data protection Information security requirements Business continuity and disaster recovery Termination provisions Ability to independently lead contract negotiations and drive resolution of complex contractual issues with suppliers and legal counsel.