The anticipated salary range for this role is between $128,000.00 and $165,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role DescriptionThis Strategic Sourcing Manager will report to a Sourcing Category Leader(s) and is responsible for executing on category and supplier spend management strategies for third party supplier spend, executing sourcing projects(competitive bids, single-source negotiations, etc.), and contracting. This role will be focused on general services and Market Data Services.
Role Objectives- Work with internal stakeholders to define requirements
- Identify qualified suppliers
- Design and execute the competitive process
- Evaluate competitive offerings from suppliers and develop and present sourcing options that meet SMBC's business requirements
- Conduct commercial term negotiations
- Implement and govern buying channels
- Partner and collaborate with:
- Regional sourcing colleagues
- Internal stakeholders
- Internal Procurement Operations, Third Party Risk and Contract Management
- In-house Legal, Risk and Finance teams
- Maintain compliance with all policy and procedural guidelines
- Identify new opportunities that address or anticipate client needs Priorities Ability to effectively challenge the status quo and "build an alliance" to deliver change. Proactive engagement with clients to identify and develop value added opportunities and comprehensive sourcing strategies.
Qualifications and Skills- Bachelor's Degree required with experience in the financial services industry a plus
- 7+ years of professional services sourcing experience
Preferred Qualifications
- Collaborator and leadership skills
- Ability to adapt and thrive in an evolving environment
- Strong issue resolution, negotiation, and project management skills.
- Strong people skills.
- Ability to engage with all management levels Initiative-taking /self-starter with ability to work independently. • Experience with PowerPoint and Excel pivot tables.
- High level of comfort working with technology.
- Ability to conduct market/industry/supplier analysis and synthesize data into a consumable format • Experience and proven ability to drive change with management direction by influencing others at all levels within the organization.
- Ability to communicate effectively with internal sourcing and client stakeholders
- Cost Modeling: ability to understand value streams, cost drivers and how to break down cost structures to derive a TCO
- Experience in drafting and redlining contracts. Strong knowledge of the key aspects of the RFI/RFP/RFQ and the sourcing process
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
