Vice President, Strategic Sourcing

Job description

Job Description: Note: Fidelity will not provide immigration sponsorship for this position. The Role The Vice President of Strategic Sourcing is responsible for setting and driving the enterprise sourcing strategy for Fidelity Investments in collaboration with our internal business partners. Situated within Fidelity's Procurement organization, this role leads end‑to‑end category management across a portfolio of spend, drives measurable value creation, and builds a high‑performing sourcing organization aligned to business priorities. The VP of Strategic Sourcing will partner closely with executive stakeholders, finance, legal, risk, and business unit leaders, as well as the broader Procurement organization, to ensure sourcing strategies enable growth, manage risk, and optimize total cost of ownership while maintaining strong vendor relationships, accountability and governance. Partner with broader team to evolve the enterprise sourcing and category management strategy across multiple indirect and/or direct spend categories. Lead the development and execution of multi‑year category strategies aligned to business objectives, financial targets, and risk tolerance. Drive value creation through cost optimization, demand management, vendor innovation, and commercial excellence. Ensure principled use of strategic sourcing methodologies, market intelligence, benchmarking, and data‑driven decision making. Coordinate complex, high‑value sourcing initiatives including RFPs, negotiations, and vendor transitions. The Expertise and Skills You Bring Bachelor’s degree required; MBA or advanced degree preferred. 15+ years of demonstrated ability in strategic sourcing, procurement, category management or commensurate experience within a large, complex organization. Demonstrated experience leading enterprise‑scale category portfolios and managing significant spend. Proven success building and leading large, distributed teams with multiple layers of leadership. Strong executive presence with the ability to influence and partner at the C‑suite level. Deep experience in strategic negotiations, contract management, and vendor relationship management. Experience operating in regulated environments is strongly preferred. The Team Procurement at Fidelity actively engages with the business to enable strategy and deliver sustainable value. We mitigate risk through strong governance, disciplined vendor management, and proactive market insight. By maximizing vendor value and fostering trusted internal and external partnerships, we help drive innovation, resilience, and long‑term business outcomes. Fidelity’s Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles. Certifications: Category: Procurement Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.