What are the responsibilities and job description for the Competitive Sourcing Specialist position at Fidelity Investments?
Job Description:
The Role
As a Competitive Sourcing Specialist on the Procurement as a Service (PaaS) team, you’ll lead sourcing, negotiations, contracting, and procurement processes across Fidelity’s business divisions. This includes renewals, new products and services, and vendor relationships across categories like professional services, hardware, telecom, software, and cloud. You’ll work strategically to secure optimal pricing and terms while mitigating risk, partnering closely with internal stakeholders and suppliers to drive scale and efficiency.
The Expertise and Skills You Bring
- Experience or knowledge in procurement, purchasing, or sourcing
- Commercial and contract negotiation skills
- Ability to influence cross-functional teams and manage complex projects
- Strong relationship management and vendor oversight capabilities
- BS/BA in Business Administration
- Excellent written, verbal, and interpersonal communication skills
- Detail-oriented with strong planning and organizational skills
- Passion for driving business outcomes and improving efficiency
- Ability to lead negotiations and evaluate suppliers across financial, technical, and performance dimensions
- Strong customer focus and collaborative mindset
The Team
The PaaS team supports Fidelity’s business units in making informed purchasing decisions that reduce risk and enhance value. You’ll assist associates engaging with new or existing vendors, and collaborate with product managers, contract managers, vendor managers, risk, ESG, legal, and finance teams. The team thrives on strong collaboration, strategic thinking, and delivering impactful sourcing solutions across the firm.
Certifications:
Category:
ProcurementMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
