Banking Sourcing/ Procurement Specialist - 36681

Location Address: HYBRID (2-3 days in office weekly)

Contract Duration: until 06/06/2025

Story Behind the Need:

• Business Unit: Global Procurement Services

• Project: The Sourcing/ Procurement Manager/ Specialist is responsible for leading global Software Technology Sourcing and project activities. They will collaborate with Sourcing, business unit leadership and sourcing leaders in pursuit of improvements in quality, innovation, and service levels. They will have the opportunity to improve upon current processes with a goal of centralizing and consolidating company-wide supplier selection. By contributing to a competitive marketplace, the Sourcing Manager will consistently drive reductions in the total cost of perpetual, SaaS and maintenance and software professional services procured

Responsibilities:

- Major IT Software Sourcing categories maintenance and support services); Software and Cloud

- Triage incoming software sourcing intake request and recommend distribution of software sub-categories such as databases, end user computing, integration, business process management, etc.

- Develop relationships with IT leaders to support enterprise objectives, influence key stakeholders and jointly develop strategic sourcing strategies while collaborating on sourcing initiatives and projects

- Collaborate with Business Unit and Operations leaders to fully understand key business drivers, spend drivers, and achieve required support levels

- Lead business value through the development of high quality and cost effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process

- Directly lead and implement best practices in sourcing initiatives

- Manage SaaS in the technology software sourcing category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management process

- Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, contract and supplier negotiation, and supplier management while enabling collaboration and innovation between stakeholders and suppliers

- Proactively work with the Business Line VMOs and contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy (consolidate and reduce contracts where opportunity exists)

- Identify cost savings opportunities and contribute to drive cost savings across all business segments

Must-Have skills:

1) 10+ Years Experience in Sourcing/Procurement

2) Prior Experience with Contract Negotiation

3) Prior Financial Institution Experience

4) Prior SaS Exposure

Nice-To-Have Skills:

• Prior experience working with stakeholder management

Best vs Average: the ideal candidate would have strong negotiation skills and exposure to SaS/tech agreements.