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Our client, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. They provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
VP Level; Sourcing ManagerAs a Sourcing Manager within Major Global Bank's Global Strategic Sourcing function, you will be supporting a high-performing Enterprise Sourcing team that identifies and leads complex, cross-functional strategic sourcing and contracting initiatives. Categories include but are not limited to IT Professional Services, Outsourced Services, Software, Banking Operations and Financial Services.Responsibilities include, but are not limited to the following:• Establish strong relationships with internal business stakeholders; build a strong understanding of strategic business direction, requirements and priorities across assigned suppliers and / or spend categories.• Develop and maintain a comprehensive understanding for Client's policies and procedures related to supplier selection, contracting and ongoing management, ensuring all requirements are met and documented throughout the end-to-end process.• Develop, implement and manage robust market analysis / benchmarking processes; leverage key insights to inform and support business, category and project strategies.• Perform financial analysis including demand scenario modeling, P&L impact analysis and benchmark comparisons.• Develop, lead and/or manage a robust portfolio of sourcing initiatives across the end-to-end sourcing and contracting process.• Lead the development and execution of negotiation strategies for high value and complex multi-year deals• Lead contract negotiations, partnering with Legal and business function, to optimize overall value including financial outcomes, service levels and risk mitigation.• Manage key supplier relationships with a focus on quality, service, delivery, risk and costs.• Lead support for cross functional teams in developing and executing sourcing projects, supplier management strategies, and complex contract negotiations• Appropriately assesses risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Banking, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.• Acts as SME to senior stakeholders and /or other team members.Qualifications:• Bachelor's or equivalent degree from an accredited College or University; MBA preferred• 7+ years of previous Sourcing, Contracting and / or Business-related experience; Significant experience in the sourcing of relevant products and services is a plus.• Knowledge and experience with Procurement applications (e.g. eRFx, eAuction, P2P)• Experience working in a large, global, highly matrixed organization• Financial Services industry experience is a plus• Proven track record of leading large, complex sourcing and / or contracting initiatives• Excellent organizational, analytical, and time-management skills• Excellent interpersonal, communication, presentation, and negotiation skills• Strong financial modeling and deal structuring skills• Takes initiative and has the ability to effectively organize, multi-task and prioritize a wide array of initiatives• High integrity and ethics.• Demonstrated strategic sourcing/procurement, stakeholder management, relationship management, and influencing skills• Has the ability to operate with a limited level of direct supervision.• Can exercise independence of judgement and autonomy.Please see our complete list of jobs at:www.rmscorp.comVacancy expired!