Senior Strategic Sourcing Manager

• Knowledgeable of the Strategic Sourcing process, drafting of contracts, financial reviews and procurement practices
• Lead negotiations and contract drafting for commodity/service to be purchased by the bank. Work with Legal, compliance, finance, the business and other department to minimize risk and obtain the favorable terms for the bank.
• Proactively identifies and recommends category sourcing options and partners with stakeholders to implement them.
• Determine and recommend alternate supply strategies to create cost savings and/or supply support solutions.
• Analyze business plans, spend data, supplier and market data, to determine optimal sourcing strategies across businesses and assigned suppliers and/or commodities.
• Contributes y to the achievement of defined category performance targets and participates in or leads competitive RFPs as necessary.
• Determine and recommend alternate supply strategies to create cost savings and/or supply support solutions.
• Research and stay current on industry practices for product and services within the assigned category(s).
• Assist colleagues with interpreting contracts.
• Lead RFx activity.
• Builds and fosters relationships and effectively partners across varied functions with internal stakeholders, external suppliers, and colleagues to influence change,
• Manage assigned projects and communicate with the stakeholders.
• Ensures compliance with Company policies, procedures, standards, use of Procurement systems in alignment with the stakeholder's objectives.
• Prepare reports for management as requested.
• Manages supplier involvement and relationship with the Company.
• Manage Supplier audit activities.
• Governance of vendor sourcing agreements
• Manage/mitigate vendor risk, business continuity and security
• Acts as liaison with vendors to ensure organizational needs are met.
• Prepare and present strategic sourcing strategies for assigned suppliers and/or commodities to senior management.
• Develop / maintain market and technical expertise in assigned buy categories.
• Be recognized as subject matter experts (SME) of their commodity(s)
• Evaluate existing processes and provide process improvement recommendations in line with best practices and practical experience.
• Facilitate activities around supplier audits.
• Mine spend data to identify cost savings opportunities.
• Recommend to leadership supplier/vendor strategies for existing suppliers and alternatives.
• Trains and mentors other Procurement team members.
• Empowers others to achieve results through motivation, recognition and performance feedback.
• Participates with management in development of procurement strategies and plans.
• Strong analytical, critical thinking, negotiation and presentation skills.
• Must be able to work at strategic level and if requested tactical (hands-on).
• Strong analytical, critical thinking, negotiation and presentation skills,
• Perform other duties as required.

Must-Have*

• Bachelor's Degree
• Minimum 7 years Procurement experience required
• Minimum 5 years of experience working for a bank or financial services company required

Skills and Knowledge

• Must have knowledge of negotiation principles & practices, and procurement practices.
• Ideal candidate is continuously learning and stays current on industry practices for product and services within the assigned category(s).
• Must have skill in Negotiation & Drafting
• Acts with integrity.
• Experienced and skilled contract negotiator.
• Experienced drafting contracts terms & conditions and working with a team to develop a negotiation and sourcing strategy which will lead to the best negotiate outcomes.
• Must be able to adapt to change.
• Skill in asking questions and open to learning new concepts, ideas, and implement them.
• Creates and seizes opportunities even when faced with ambiguity; acts with integrity, is accountable and advocates in the best interest of the bank; is decisive and acts in a timely manner, acts on information and adapts with changes; seeks and accepts responsibility for failure; share responsibility for team success; seek best practices from across all industry sectors; advocate for solutions that will set the foundation for win-win solutions in future business opportunities.
• Good verbal and written communication skills.
• Thinks systematically and strategically to analyze issues, develop and create short and long term actionable plans.
• Considers details and sees the big picture. Sees around corners to preempt potential problems and leverage opportunities; connects multiple seemingly unrelated problems to see the big picture
• Continually develops a better understanding of current and future challenges and opportunities; creates a recommendation and works with Procurement to successfully implements ideas.
• Systematically develops new approaches to standard or recurring goals and issues.
• Generates the best outcomes through collaboration (business, Legal, compliance, etc.).
• Values colleagues' individual differences and talents.
• Shares important or relevant information with the team to ensure solutions meets the needs of the bank.
• Thoroughness in completing a task/analysis/project with concern for all elements required at every level.
• Effectively manages time and resources.
• Embraces challenges
• Lead a team and manage up
• Flexible and adaptable to change
• Master's degree a plus