Sourcing Manager – Category Lead of Market Data, Trading Services & Legal Services - Banking operations processing - Montreal, Quebec, Canada

ResponsibilitiesStrategic 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 SourcingLead 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 CategoryManage sourcing activities for:Market data providersPricing and reference data servicesReal-time and delayed data feedsMarket data terminals and desktop solutionsExchange data licensingResearch and analytics subscriptionsFinancial information platformsIndex and benchmark providersKey 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:BloombergLSEG (Refinitiv)ICE Data ServicesFactSetMorningstarS&P GlobalMoody's Trading Services CategoryManage sourcing activities for:Electronic trading platformsExecution management systems (EMS)Order management systems (OMS)Trading connectivity and network servicesExchange and venue connectivityTrading infrastructure servicesMarket access solutionsPost-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 CategoryManage sourcing activities for:External law firmsRegulatory and compliance advisory servicesLitigation support servicesLegal managed servicesE-discovery servicesIntellectual property servicesContract 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 ManagementPartner 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 KnowledgeStrong 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 liabilityIndemnificationConfidentialityIntellectual property ownershipData privacy and data protectionInformation security requirementsBusiness continuity and disaster recoveryTermination provisionsAbility to independently lead contract negotiations and drive resolution of complex contractual issues with suppliers and legal counsel. Profile requiredExperience8 + years of experience in strategic sourcing, procurement, vendor management, or category management.  Experience managing or supporting Market Data, Trading Services, Professional Services, Legal Services, Technology, or other indirect spend categories. Experience participating in contract negotiations and competitive sourcing activities. Experience managing high-value supplier relationships and commercial negotiations. Financial services industry experience strongly preferred. Skills & CompetenciesThe role requires the ability to review, draft, negotiate, and finalize commercial terms and conditions while effectively managing legal, operational, regulatory, and financial risks in partnership with Legal and Compliance teams.Strong analytical, problem-solving, and organizational skills. Strong communication, stakeholder management, and negotiation skills. Ability to manage multiple initiatives simultaneously. Understanding of financial markets, trading ecosystems, and market data licensing models. Strong commercial acumen and contract negotiation capabilities. Technical SkillsAdvanced Microsoft Excel Advanced PowerPoint Procurement and sourcing platforms (e.g., Ariba, SAP, Coupa, JAGGAER) Spend analytics and reporting tools Contract lifecycle management tools Knowledge of AI tools and technologies to improve sourcing effectiveness and operational efficiencyEducationBachelor degree in Business, Finance, Supply Chain, Economics, Law, or related discipline.Professional procurement certifications are a plus. LANGUAGE: Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.Due to US Federal Securities law that may apply to this position, candidates who will apply for this position may be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA").Why join usOUR BENEFITS:WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALECompetitive compensation & benefits offering, including but not limited to:Minimum of 20 Vacation days + 4 personal days Supportive Maternity, paternity, parental and adoption leave policy Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate familyVarious Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc. A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)Business insightOUR CULTURE: At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)D&I: Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.Our Diversity & Inclusion Vision: •     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents •     Engage our community and marketplace, and position the organization to meet the needs of all its clientsFor more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)HYBRID WORK ENVIRONMENT:Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.