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Department Leader - Sourcing Analytics

Location: Hampshire
Posted on: November 23, 2022

Job Description:

At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.

In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.Responsibility Summary:
Hire, develop, and lead a team of Sourcing Analysts and Software Compliance Managers. Sourcing Analysts are responsible for providing analytical insights to firm initiatives which typically involve third party relationships. Software Compliance Managers are responsible for directing and managing the firm's software license entitlements while being good stewards of the firm's resources. Both teams support business areas across the firm.

Mentor, coach and assist associates in complex business problems with external suppliersAbility to communicate clearly and concisely with all levels of associatesStrong ability to build relationships both internally at Edward Jones and with suppliers to ensure the Sourcing Office is being involved at the right time and at the right level.Ability to lead and direct the work of highly skilled associatesAbility to think both tactically and strategically as the initiatives we get involved in can vary in size and scope Ability to transfer tactical and strategic thoughts to working plans for implementationEstablish and maintain effective communications and relationships across departments, business areas, and suppliers.
Align department activities and responsibilities with the firm's strategic direction.Develop and execute on-going improvements to all processes related to department as well as divisional opportunities.
Develop successors for key positions for their department.
Excellent interpersonal skills; develops relationships; seen as credible and trustworthy. Able to communicate (written and verbal) effectively.Manages and develops self while internalizing leadership feedback.
Problem Solving:
As a financial institution, many issues are governed by regulation, internal policies, procedures and guidelines which provide direction, but also present constraints in problem solving.
Ability to appropriately react to resource availability issues and focus efforts at a level which includes multiple systems, teams, departments, etc.Ability to look at business objectives and provide solutions to problems that are right for the firm.Ability to analyze a situation and make the most prudent and cost effective decision considering all available dataAbility to logically break down problems and provide resolutionsLend expertise and provide direction to team members when difficult or unusual problems are encountered.
Decision Making:
This position has a high level of autonomy. Initiatives are reviewed with colleagues and Sr. Leaders; however the Department Leader is responsible for working directly and independently with the business areas, or supporting their associates through initiatives, in order to develop a strategic solution that incorporates the business needs, while minimizing business risk.
Involved in complex, non-routine decisions, impacting firm earnings.Leads or supervises multiple complex, strategic business initiatives at one timeMost decisions have a high degree of complexity as each initiative is unique
Span of Influence:
This position has influence over supplier and product recommendations which can impact the entire firm. The Department Leader is seen as a subject matter expert and acts as a consultant when business areas have needs around business case development, negotiation strategy, and firm impacts. Business areas look to the Sourcing group to provide sound advice and ask the difficult questions to ensure the firm is making the correct decision. This position will routinely come into contact with senior level (c-suite) executives and legal representatives when dealing with negotiation strategy and contract matters with the supplier.
Interact with and influence associates, leaders, other firm's leaders, and suppliersImpacts the firm's earnings on a daily basis through supplier contractsQualifications Required in the Job:
Bachelor's degree required. Advanced degree or Certification in Business, Accounting, Finance, Economics, or Analytics, preferred. Minimum of 7+ years of related work experience in financial, economic, or analytical role preferred.Sourcing, Sourcing Analytics, and/or Software Compliance experience is a plusA proficient level of understanding of analytics required.Ability to communicate complex cost models, risk, and business concepts at the executive levels throughout the firm and with any given vendor Track record of leading high performing teams Provides direction and leadership; creates strong team environment and builds talent; able to lead and influence others directly or indirectly.Process oriented; skilled in establishing and executing plans; able to establish metrics and monitor progressAbility to create a strategic vision in support of the firm's direction and able to relate/communicate tasks and plans to the overall strategy.
  • 100 Best Workplaces for Millennials in 2022, published Fortune July 2022, Great Places to Work - data as of March 2022. Compensation provided for using, not obtaining, the rating.
    • Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Places to Work - and Fortune - magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list.2022 Fortune Best Workplaces for Women, published September 2022, research by Great Places to Work -, data as of August 2021. Compensation provided for using, not obtaining, the rating.
      Edward Jones has been named to the 2022 Best Workplaces for Women list by Great Places to Work - and Fortune - magazine, ranking No. 45.2022 Fortune's 100 Best Companies to Work For, published April 2022, research by Great Place to Work -, data as of August 2021. Compensation provided for using, not obtaining, the rating.
      For the 23rd time, Edward Jones has earned a spot on the Fortune 100 Best Companies to Work For - ranking by Great Places to Work - and Fortune - magazine. Edward Jones ranked No. 35 on the prestigious 2022 list.2022 Best Places to Work For LGBTQ+ Equality, Great Place to Work - in partnership with Human Rights Campaign Foundation, published Equity Magazine January 2022, data as of July 2021. Compensation provided for using, not obtaining, the rating.
      Edward Jones scored 100 percent on the Human Rights Campaign Foundation's 2022 Corporate Equality Index (CEI) the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The ranking designated Jones as one of the best places to work for LGBTQ+Equality.Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:
      Salary: $90628 - $154313
      Category: Headquarters

Keywords: EDWARD JONES, Elgin , Department Leader - Sourcing Analytics, Other , Hampshire, Illinois

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