Department Leader - Sourcing Analytics
Company: EDWARD JONES
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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