Global Strategic Sourcing Professional Services (Tax), Associate

About this role B usiness Unit Overview: BlackRock Finance consists of finance professionals across several disciplines such as Financial Planning & Analysis, Treasury, Tax, Finance Controls, Global Strategic Sourcing (“ GSS ”), Finance Platform Support and Controllers. GSS is a global team, with team members primarily based in New York, Gurgaon, Edinburgh, and Budapest. GSS aims to be an organization of trusted strategic sourcing advisors enabling BlackRock to achieve more value. The GSS team advises and supports business functions on all their supplier-related initiatives whether they involve supplier identification, evaluation, selection, negotiation, performance management or escalation management. GSS seeks to avoid certain costs, deliver tangible cost reductions, furnish reliable analytical data and insights for improved decision making, and enable a socially responsible and diverse supplier base. Background: G SS seeks a professional with deep experience in tax procurement with a focus on strategic sourcing to support the overall Professional Services Category for BlackRock at a global level . The subcategories within this space include audit, tax, due  diligence, investments , non-IT consulting including managed services, disclosures/ reporting and proxy voting. This professional should be responsible for end-to-end management of strategic sourcing Tax related activities -- from understanding stakeholder needs and available suppliers in the marketplace, to performing supplier assessment & due diligence, to negotiating, redlining, executing supplier agreements in a timely fashion, and the creation of global tax engagement letters Principal duties include: Strategic Tax Advisory: Serve as a strategic advisor to all levels of management on all matters related to tax sourcing  and procurement , offering insights and recommendations to optimize processes and achieve business objectives . Sourcing Strategy Development: Develop and implement comprehensive sourcing strategies through competitive bidding, proofs-of-concept, demand management, supplier consolidation, and process reengineering efforts that align with the company's overall business goals, ensuring cost-effectiveness, quality, and social responsibility. Supplier Relationship Management: Build and maintain strong relationships with key tax suppliers, negotiating and drafting global engagement letters, gaining favourable terms into contracts, ensuring the highest standards of quality and service. Market Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain, and prepare PowerPoint decks to support informed sourcing decision-making. Cost Management: Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance. Risk Management: Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions. Cross-Functional Collaboration: Work closely with internal stakeholders, including Business Function Leads, Category Leads, Third Party Risk, and Legal teams around the world in the negotiation of General Services Agreements, Engagement Letters, and Statements of Work. Compliance and Ethics: Ensure all sourcing and procurement activities comply with corporate policies, ethical standards, and legal requirements. Experience required: At least 5-10 years of strategic sourcing experience in Tax, consulting, accounting, regulatory services, or financial services institution, with a proven track record of success in a sourcing advisory role that works with the Big 4 -Tax, accounting and professional services firms. A passion for the investment advisory and professional services sector, including a comprehensive understanding of market drivers, trends, and dynamics . This should include knowledge of how to negotiate tax engagem ... (truncated, view full listing at source)