Sourcing Manager – Category Lead of Market Data, Trading Services & Legal Services

Société Générale · Montréal

Responsibilities

Strategic 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 Sourcing

Lead 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 Category
Manage sourcing activities for:

Market data providers
Pricing and reference data services
Real-time and delayed data feeds
Market data terminals and desktop solutions
Exchange data licensing
Research and analytics subscriptions
Financial information platforms
Index and benchmark providers

Key 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:

Bloomberg
LSEG (Refinitiv)
ICE Data Services
FactSet
Morningstar
S&P Global
Moody's

Trading Services Category
Manage sourcing activities for:

Electronic trading platforms
Execution management systems (EMS)
Order management systems (OMS)
Trading connectivity and network services
Exchange and venue connectivity
Trading infrastructure services
Market access solutions
Post-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 Category
Manage sourcing activities for:

External law firms
Regulatory and compliance advisory services
Litigation support services
Legal managed services
E-discovery services
Intellectual property services
Contract 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 Management

Partner 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 Knowledge

Strong 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 liability
- Indemnification
- Confidentiality
- Intellectual property ownership
- Data privacy and data protection
- Information security requirements
- Business continuity and disaster recovery
- Termination provisions
Ability to independently lead contract negotiations and drive resolution of complex contractual issues with suppliers and legal counsel.

Profile required

Experience

8 + 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 & Competencies

The 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 Skills

Advanced 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 efficiency
Education
Bachelor 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 us

OUR BENEFITS:

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive 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 family
Various 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 insight

OUR 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 clients

For 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.

Diversity and Inclusion

Societe Generale is an equal opportunity employer and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.
We strive to write our postings as inclusively as possible. If, however, one gender is used alone in this display, it designates persons of all gender identities.

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