Job Description

GIC is one of the world\'s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world\'s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore\'s financial future, and the communities we invest in worldwide.

Corporate Administration & Infrastructure Department

We strive to provide the best work environment for our employees to enable them to deliver their best performance.

Corporate Procurement

You will be empowered to deliver real tangible value and savings through strategic sourcing, so GIC can use its joint purchasing power to extract the best possible value from the marketplace. You will also help to ensure that GIC sources its goods and services from vendors and service providers with responsible and sustainable business practices to safeguard GIC\'s reputation

Within CAID, the Enterprise Sourcing and Procurement (Market Data Sourcing) team manages GIC\'s global procurement relationships with providers of market data content and services while partnering with business units to evaluate, and understand business market data requirements, to identify the data sources and vendor products needed to execute the business, and to advise on best-fit solutions. The team performs the following functions: Market Data Sourcing, Market Data Services and Spend Analytics, Market Data Contract Administration and Inventory Management.

We are looking for a suitably qualified candidate to join our Enterprise Sourcing and Procurement team as a Market Data Sourcing Specialist (Assistant Vice President/ Vice President).

The Market Data Sourcing Specialist is responsible for acquiring, structuring, and negotiating contracts primarily for market data related products and services in support of GIC investment operations. This role serves as a Sourcing subject matter expert, partnering with business leaders to optimize financial and operational benefits as well as working with business managers and risk managers to mitigate the risks associated with third-party relationships.

The Market Data Sourcing Specialist will work with suppliers to ensure the company secures the best price and value possible, while reducing incidental and extraneous cost, all while providing support and value to internal stakeholders.

What impact can you make in this role?

You will help handle GIC\'s global workplace management with centre of excellence skills.

What will you do as an AVP/VP, Market Data Sourcing Specialist?

• Leads and manages sourcing engagements with cross-functional internal teams, including needs analysis, market analysis, competitive intelligences, RFI and RFP development, cost and proposal analysis, deal structuring, contract negotiation, and implementation development
• In partnership with business leaders, develop short- and long-term sourcing category strategies for market data services, and execute multiple, medium to high risk and complex projects concurrently
• Facilitates development of relationships with vendors/suppliers and maintains relationships for long-term contracts
• Establishes systems and procedures to ensure and enhance overall quality
• Reviews, analyzes, and monitors supplier contract performance and compliance
• Negotiates and coordinates any modifications to agreements
• Develops and maintains vendor relationships including tracking and analysis of vendor spend and performance
• Maintains solutions to ensure purpose and functionality of suppliers closely aligns with business procedures, directions, and strategies
• Manages the selection process to evaluate products based on user requirements, makes recommendations, and ensures purchases are in alignment with current standards and strategy
• Train and develop junior staff
• Other related duties assigned as needed

What qualifications or skills should you possess in this role?

• Good degree with 8-10 years of relevant work experience relating to the job description
• Tech savvy; passionate in exploring and learning new skills and knowledge
• Resourceful and has broad knowledge of procurement practices and vendors management in the market data category
• Experienced in category management, procurement and sourcing, contract, and commercial negotiation, financial, and contract management
• Experienced in change management, risk management and vendor management.
• Possesses strong interpersonal skills and be able to interact with internal stakeholders at varying levels in the organization
• Strong team-player and yet exhibit independence in driving and delivering business outcomes
• Demonstrated ability to establish priorities, manage multiple tasks with poise and discretion in a fast-paced environment. Willing to go the extra mile to attend to urgent requests.
• Excellent written and communication, and negotiation skills
• Structured in thought process, with excellent planning and organizational ability

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

GIC is a Great Place to Work

At GIC, we believe sustainable high performance is driven by high expectations and a commitment to excellence, as well as empowerment and flexibility. As such, we currently operate under a hybrid model in which most employees spend 3-4 days in office and 1-2 days working from home each week. This balance allows us to preserve the \'office as a hub\' for ideation, professional growth, and interpersonal connection, while giving our employees the flexibility to do their best work and be their best selves.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Please email grphrodtaops@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.

Learn more about our Corporate Administration & Infrastructure Department here:

https://gic.careers/group/corporate-administration-infrastructure-department/

Our PRIME Values

Our PRIME Values

GIC is a values driven organization. GIC\xe2\x80\x99s PRIME Values act as our compass, enabling us to fulfil our fundamental purpose and objectives. It is the foundational bedrock which governs our behaviors, our decision making, and our focus. It informs both our long-term strategy as a firm, and the way we relate to our Client, business partners and employees. PRIME stands for Prudence, Respect, Integrity, Merit and Excellence.

GIC