Procurement Manager, Technology

Procurement Manager, Technology

We are seeking a Procurement Manager, Technology, to lead sourcing and procurement for Morningstar's global technology portfolio, including software, hardware, cloud, and digital services. This role will drive strategies, lead negotiations, optimize supplier relationships, and ensure compliance with legal, security, and risk management frameworks.

In addition to managing traditional technology categories, the Procurement Manager will also play a role in evaluating and sourcing AI platforms and emerging technologies, ensuring that Morningstar adopts innovation responsibly and cost-effectively.

Job Responsibilities :

• Develop and implement category plans, strategies, and standardized processes to drive consistency, compliance, and efficiency across technology procurement.
• Lead negotiations for technology purchases, managing the RFI / RFP process and guiding stakeholders through evaluation, selection, and contract finalization.
• Coordinate with stakeholders to facilitate contract adherence to regulatory requirements.
• Manage strategic supplier relationships by planning quarterly reviews, tracking KPIs / SLAs, and ensuring performance.
• Develop and publish reporting for activities to track agreements / contracts, costs, terms, and realized savings.
• Collaborate regularly with business leaders to understand procurement needs and provide contract status updates.
• Identify opportunities to improve procurement processes and enhance stakeholder engagement.
• Support procurement of AI tools and platforms across marketing, sales, analytics, automation, and cloud services including ensuring AI contracts address data privacy, IP ownership, and regulatory compliance.
• Engage with various teams to assess AI vendor risks and sustainability.
• Collaborate with stakeholders to rationalize suppliers, vendors, and software portfolios for spend optimization and improved performance.
• Align procurement activities with stakeholder budget requirements through close cooperation and communication.
• Assess AI capability within Procurement workstreams to enhance overall process efficiency; implement where feasible.
• Partner closely with legal teams to ensure contract compliance, risk mitigation, and facilitate smooth negotiations and approvals.
• Mentor procurement colleagues to build skills and capabilities globally.
• Function as a trusted technology procurement advisor to senior leaders providing strategic guidance on sourcing, vendor management, and contract negotiations to optimize value and support organizational goals.

Qualifications :

Compensation and Benefits :

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide :

Total Cash Compensation Range : $92,525.00 - 157,275.00 USD Annual, Inclusive of annual base salary and target incentive.

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.