Supplier and Contract Management Specialist

About the role

Are you passionate about the chance to bring your experience to a world-class company that is market-leading for both content and technology? Do you have previous experience in Supplier and Contract Management? If yes, we are looking for you. The position is responsible for ensuring the delivery of some of Thomson Reuters' most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with). In this opportunity you will: Act as Thomson Reuters' subject matter expert for assigned supplier contracts Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance/compliance Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in/approvals Conduct price and performance benchmarking to ensure agreements remain commercially optimized over time Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings Support 360-degree supplier relationship assessments and joint account planning with suppliers Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy from, sell to, partner with) Represent Supplier & Contract Management in operational/service management governance forums with strategic suppliers Manage contract terminations for cost-efficient and successful contract exits Provide expert counsel support to business and stakeholders Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies About You You're a fit for the role if your background includes: Law degree (LLB) / Advanced degree (JD, LLM, MBA) preferred Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 15m value Combined 6+ years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline 3 years of contract management or supplier relationship management experience Advanced negotiation and contract drafting skills, familiarity with contract and commercial management methodology, and a demonstrated track record of working ethically to achieve excellent outcomes Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts Rigorous attention to detail, expert analytics, advanced ability to interpret contract terms and conditions and advise and make recommendations Strong business acumen with ability to navigate and analyze complex commercials of a deal Strong ability to manage a varied range of stakeholders Excellent (external and internal) relationship management Excellent written and verbal communication skills Advanced strategic thinking and communications skills Advanced skills in Microsoft Office Suite including Word, Excel, and PowerPoint, as well as SharePoint and Teams Willingness to learn to use AI tools Advanced project management skills and the ability to drive supplier and stakeholder deliverables to completion #LI-SP1 What's in it For You? Hybrid Work Model: We've adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected. Flexibility & Work-Life Balance