Senior Strategic Sourcing Manager – Banking Industry

This is a fully remote position, open to applicants in North Carolina.

📋 Description

• Accountable for establishing and developing a top-tier Strategic Sourcing function.

• Formulating strategies, policies, and procedures.

• Guiding and managing a team of sourcing/category managers specializing in various categories.

• Creating category plans for the combined group of spend categories to achieve total cost of ownership savings.

• Leading the creation and implementation of reporting and tracking systems.

• Providing reports on sourcing strategies and performance metrics.

• Enhancing the S2P Coupa tool for optimal use.

• Facilitating cross-functional category teams in managing change and ensuring supply/service continuity.

• Defining procurement requirements, SLAs/KPIs, and operational necessities.

• Offering strategic insights and overall guidance to the organization regarding its suppliers through effective Strategic Sourcing, Procurement, and Contract Management.

• Tasked with establishing the strategic vision and direction of Strategic Supply Management to align with Bank objectives.

• Overseeing third-party risk via a consistently applied and sound managed sourcing/contracting approach, effective contracts, and robust corporate governance and controls.

• Recognizing key process needs and implementing necessary changes to effectively support company strategies for managing consumption and demand while controlling expenses related to over $500 million in third-party spend.

⛳️ Requirements

• High School Diploma, GED, or an equivalent foreign qualification is required.

• Bachelor's Degree is preferred in Supply Chain Management, Accounting, Finance, or Business Administration.

• 10 to 15+ years of experience in supply chain management, contract negotiation, vendor management, and third-party management within a highly regulated environment for large-scale financial/banking, mortgage origination/servicing organizations.

• Ability to effectively engage with both internal and external management levels, including senior bank officers, vendor account relationship managers, FSB senior and executive level staff, and vendor principals and ownership.

• Capability to collaborate with key business partners and senior leadership to comprehend strategic direction, supply requirements, and corporate business goals and priorities.

• Drive thought leadership across all Bank vendor spend and categories, providing market and industry insights, innovation, and best practices.

• Proven ability to consistently deliver positive results ensuring alignment with strategic direction, operational, regulatory compliance, risk, cost, and quality objectives.

• Strong working knowledge and experience with OCC, FFIEC, and/or other regulatory guidelines and requirements.

• In-depth understanding and experience in highly effective supplier/third-party management practices, including the 6- or 7-step Strategic Sourcing process: market analysis, supplier identification, selection, negotiation, contracting, risk management, relationship management, financial management, performance management, and contract management.

• Analytical mindset and passion for developing vendor spend and opportunity analyses to generate significant cost savings across the Bank.

• Demonstrated proficiency in excellent verbal and written communication, project management, strong analytical and problem-solving skills, multitasking in a dynamic environment, and general leadership/management capabilities.

• Self-motivated with initiative and the ability to effectively organize, multitask, and prioritize a diverse array of initiatives while consistently delivering timely results.

• Proficient to advanced skills in Excel, Word, PowerPoint, and Outlook.

• High standards of integrity and ethics.

🏝️ Benefits

• Medical, dental, vision, life, and disability insurance.

• Comprehensive leave program.