Internship Procurement Consulting Jobs (NOW HIRING)

About the Team

Global Procurementconsists of five teams, described below:

• Strategic Sourcing Teams(Corporate Services Sourcing and IT Strategic Sourcing):These teams create efficiencies by coordinating the purchase of similar goods and services from across the firm to limit proliferation of suppliers, ensure qualified suppliers, and maximize the firm's buying power through category management and procurement relationship management.
• Engine Team:Thisteam supportsthe completion of all types of lower riskcontractualagreements with theobjectiveof processing them in a fast-track manner.
• ProcurementEffectiveness andOperations:This teamconsists of multiple Procurement functions including:
• eProcurement Enablement:This team executes requisitions, purchase orders, invoiceprocessingand handling of themyBuyprocess. In addition, many business process improvement initiatives and process change management are led by this team.
• Procurement Governance:This team sets procurement policy and procedure and governs to ensure compliance with these requirements.
• Data Analytics and Reporting:This teamis responsible fordata / spendanalyticsand firm-wide Procurement reporting. This team also provides ownership and oversight of Procurement systems.
• Supplier Diversity and ESG:This team focuses on building an inclusive and responsiblesupply chain through procurement strategies that consider diverse and small business communities, enhancing our environmental and social sustainability commitments by contributing to the local economy, and ensuring our suppliers are aligned with our efforts to reduce the environmental impact of our operations.
• Procurement Effectiveness and Operationsis also responsible forProcurement Finance, Budgeting and Planning efforts, as well as Procurement Communications.
• Supplier Management:Supplier Management performs technology and corporate risk assessments on potential suppliers prior to contract execution and ongoing risk monitoring after contract execution. This team also directly manages a portfolio of enterprise suppliers,facilitatesoversight of several key suppliers, and provides tools, templates, training, and consultation for business unit personnel tasked with supplier management responsibility. The firm's Outsourcing Oversight programalso iscoordinated out ofSupplier Management.
• EMEA and APAC Procurement:Some, but not all, of the functions aboveare inregionfor the convenience of TRP offices in the EMEA and APAC regions.

Role Summary

The T. Rowe Price internship program includesa formalorientation, peer and senior mentor assignments, and formal learning opportunities. In addition to the work assignments within the assigned department, interns also gain exposure to associates and senior leaders across the firm through an executive speaker series, networking and social events, and engagement with our Business Resource Groups.

Responsibilities

• Conduct market research toidentifypotential use case scenarios for expanding current Procurement AI tools usage
• Leverage data visualization and aggregation to develop a dashboard that evaluates the efficiencies of AI tools
• Collaborate with Procurement peers to gather future reporting requirements
• Support Procurement data analyst in building, testing, and training peers whenappropriate onreporting
• Gather, reconcile, and analyze data for transformation into reports
• Research data trends, industrytrendsand best practices in Procurement, contributing to the continuous improvement of the firm's Procurement processes and strategies.
• Support the Procurement team with providing validated reporting in the agreed upontimeframeand cadence

Qualifications

Required

• Full-time studentpursuing a bachelor's degree with an expected graduation date ofDecember 2026- May/June 2028
• Cumulative grade point average of at least 3.2 on a 4.0 scale
• Supply Chain Management, OperationsResearch,Business Administration,Industrial Engineering,orFinance majors preferred

Preferred:

• Solid technical skills (specifically Excel), detail-oriented, analytical skills
• Strong communicationskills (written and verbal), relationship building and consultative skills
• Ability to use datatodrive decision-making
• Creative problem solving; ability to think outside of the box

FINRA Requirements

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

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Opportunities are available inOwings Mills,MD.

Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TNvisaor any other non-immigrant work status)