Principal Associate, Sourcing Manager
This Sourcing position will develop strategy for and execute high risk and high impact procurement efforts across the company. This is an individual contributor role. Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Marketing related services, Professional Services, IT related Services.
The selected candidate will have experience in strategic sourcing – ideally in the technology or financial services industry. He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate complex agreements.
Responsibilities:
- Analyze external industry trends and benchmarks, as well as develop and share market insights
- Clearly articulates cost drivers and pricing analysis for strategy formulation. Leads the development of make–versus-buy strategies
- Leads innovative sourcing methods - balance cost, speed, and quality based on internal customer needs
- Build strong internal and external relationships, understand the procurement parameters and look for new opportunities
- Consult with internal clients and business partners to identify opportunities to drive cost savings and efficiency in the supply chain
- Build buy in and communicate across multiple levels of the organization and across multiple lines of business
- Manage multiple projects concurrently in an autonomous environment
- Develop and implement procurement strategies including RFx, eSourcing, direct negotiations, etc.
- Use procurement software tools
- Support the development and execution of category strategies
- Support the negotiation of commercial terms for large contracts
- Develop communications and presentations at the Executive level
Basic Qualifications:
- At least 3 years of experience in sourcing and procurement
- At least 2 years of experience in risk management
- At least 2 years of experience in negotiating supplier agreements
Preferred Qualifications:
Bachelor's Degree or Military Experience
- 5+ years of experience in outsourcing and procurement
- 4+ years of experience in risk management
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Sales Territory: $109,900 - $125,400 for Principal Assoc., Supply ChainPlano, TX: $109,900 - $125,400 for Principal Assoc., Supply Chain
McLean, VA: $120,800 - $137,900 for Principal Assoc., Supply Chain
Richmond, VA: $109,900 - $125,400 for Principal Assoc., Supply Chain
New York, NY: $131,800 - $150,500 for Principal Assoc., Supply Chain
Riverwoods, IL: $109,900 - $125,400 for Principal Assoc., Supply Chain
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
