Sr. Category Manager, Procurement

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. 

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. 

Role Summary 

Responsible for strategic sourcing, category management, and contract oversight across T. Rowe Price's Infrastructure category. Manages a complex portfolio of infrastructure spend, including data center services, cloud infrastructure, network and telecommunications services, hardware, end-user computing, storage, compute, managed services, and related technology operations suppliers (approximately $150 million spend). Partners with business stakeholders to develop category strategies that optimize cost, mitigate risk, enhance supplier performance, and support enterprise technology objectives.

Responsibilities

• Develops and executes category strategies for Infrastructure-related spend, aligning sourcing initiatives with business priorities, technology roadmaps, and future-state operating models.
• Owns supplier spend management across infrastructure categories including cloud, data center, network, telecommunications, hardware, storage, compute, managed services, and workplace technology solutions.
• Leads complex sourcing events, supplier negotiations, contract renewals, benchmarking activities, and competitive bid processes to drive value and manage risk.
• Partners with Infrastructure, Architecture, Engineering, Security, Operations, Finance, Legal, and Risk stakeholders to identify sourcing opportunities and support strategic technology initiatives.
• Conducts market analysis and maintains deep knowledge of infrastructure technology trends, supplier landscapes, pricing models, licensing structures, and emerging industry practices.
• Negotiates and manages complex commercial agreements, including Master Services Agreements, Statements of Work, cloud agreements, maintenance agreements, support contracts, and managed services engagements.
• Identifies and delivers cost optimization, vendor consolidation, process improvement, and value creation opportunities across the infrastructure supplier portfolio.
• Ensures supplier compliance with internal governance, information security, regulatory, operational, and third-party risk management requirements.
• Provides category expertise, guidance, and strategic recommendations to leadership and business partners regarding infrastructure investments and supplier strategies.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 8+ years of total relevant work experience 

Preferred:

• Demonstrated experience managing Infrastructure sourcing categories, including cloud services, data center services, networking, telecommunications, servers, storage, managed services, and end-user computing.
• 8+ years of strategic sourcing, procurement, or category management supporting enterprise technology organizations.
• Experience within a large enterprise financial services, regulated industry, or highly complex technology environment is strongly preferred.
• Proven success leading complex supplier negotiations and contract renewals with major technology providers such as cloud, infrastructure, telecom, hardware, and managed service vendors.
• Strong understanding of infrastructure technology environments and commercial models, including cloud consumption, managed services, maintenance/support agreements, software licensing, and hardware procurement.
• Experience developing and executing category strategies that deliver measurable savings, cost optimization, supplier performance improvements, and risk mitigation outcomes.
• Ability to partner effectively with technical stakeholders such as Infrastructure Engineering, Network Services, Cloud Operations, Information Security, and Enterprise Architecture teams.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for full time remote work.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance. 

This job posting is expected to be available until:

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.   

Featured employee benefits to enrich your life:   

• Competitive compensation  

• Annual bonus eligibility  

• A generous retirement plan  

• Hybrid work schedule  

• Health and wellness benefits, including online therapy  

• Paid time off for vacation, illness, medical appointments, and volunteering days  

• Family care resources, including fertility and adoption benefits  

Learn more about our benefits.  

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.