Job DescriptionThe Senior Sourcing Lead will report to the Senior Sourcing Team Manager in Strategic Sourcing within Procurement. The Lead will drive cost savings initiatives for the assigned commodity and consider the total cost of ownership across the Bank.
The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships. The primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization.
This role will be supporting the Professional Services, Management Consulting Team, IT Labor and Global Labor Sourcing.
Primary responsibilities include- Develop commodity strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations.
- Oversee all spend activity for assigned commodity and determine proper action plan for all purchases that meet Procurement involve threshold.
- Lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations.
- Ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework.
- Provide Category Procurement subject matter expertise for the associated business/function.
- Effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans.
- Maintain close relations with the industry supply base and industry experts with the objective to develop innovative solutions to complex problems.
- Proactively identify improvement opportunities for assigned category areas and recommend key actions.
- Utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure demonstrated impact to the business.
Qualifications, Education, Certifications and/or Other Professional Credentials Required Qualifications
- Knowledge in Management Consulting/ Professional and Labor Services preferred
- Engagement and ownership of Negotiation/Strategy Planning
- Deep Experience in Strategic Sourcing and Contracting
Preferred Qualifications - SAP/Ariba Experience
- Vendor or Project/Program Management Background
Hours & Work Schedule - Hours per Week: 40
- Work Schedule: Monday-Friday / 4 days a week in person at office, 1 day a week work remote
Pay Transparency
The salary range for this position is $123,000 - $161,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to, the budget, work location and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .
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