Citigroup, Inc

Strategic Supply Chain Sourcing Manager Technology-Senior Vice President

Citigroup, Inc • $145K — $217K *
Mississauga, ON L4T 0A1In-Person
Business Services
11 - 15 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 15+ years of relevant experience
  • Preferred certifications: CPM or CIPS
  • Expertise in Business Application Contracting and commercial terms
  • Experience in Supply Chain, Strategic Sourcing, and Procurement
  • Strong Contract and Vendor Management experience
  • Proficient in Microsoft Office, especially Excel
  • Proven track record in achieving savings goals and performance metrics
  • Strong skills in relationship management, negotiation, and persuasion
  • Team-oriented with strong communication skills

Responsibilities

  • Develop sourcing strategies aligning with business goals
  • Build relationships with internal partners and suppliers
  • Manage contracts and terms with existing suppliers
  • Engage with management at all levels across the organization
  • Act as Subject Matter Expert in sourcing and supply chain
  • Analyze business processes for efficiency and risk mitigation
  • Drive cost reduction and service improvement initiatives
  • Maintain relationships with stakeholders to expand procurement influence
  • Contribute to administrative procurement requirements
  • Report on trends and best practices in purchasing
  • Lead cross-functional teams in sourcing strategy execution
  • Ensure compliance with laws and internal policies

Benefits

  • Full-time position
  • Opportunity to work in a large corporate environment
  • Engage with senior management and key stakeholders
  • Chance to influence sourcing strategy and supplier selection
  • Exposure to global projects and initiatives in procurement
  • Access to professional development and certification opportunities
  • Dynamic work environment with diverse responsibilities
  • Potential for career advancement within the organization
Full Job Description
The Strategic Supply Chain Sourcing Manager for Technology is a Senior Level role that provides Sourcing and Procurement to Citi Businesses for Technology - Business Applications. The role is required to conduct Strategic negotiations and in depth Software contracting services. The role partners with Managing Director's from both Business Front Office and Technology. Investment Banking Sourcing experience in Business Applications is preferable.

Responsibilities:
  • Develop sourcing strategies that align with business and organizational goals, execute against these strategies, develop sourcing plans with business stakeholders
  • Develop internal business partner relationships, key/strategic supplier relationships, and key stakeholder relationships as well as negotiate market leading contract and commercial terms for new product acquisitions, develop sourcing strategies, and develop project delivery and execution for assigned categories
  • Manage and maintain contract and commercial terms with existing regional and global suppliers focused on reducing franchise risk and achieving market commercial terms to reduce total cost of ownership across multiple Citi Business Units
  • Interact with all levels of management including senior and executive management from various internal/external businesses and suppliers
  • Serve as a sourcing and end-to-end supply chain Subject Matter Expert (SME) through bringing valuable market insight to supported business units, influencing decisions around sourcing strategy and supplier selection, and leads the negotiation and contracting process for product acquisition
  • Analyze business processes to decide on opportunities achieved through influencing supply and demand of services as well as analyze supplier proposals, structure, and negotiate supply agreements and manage supplier relations and performance
  • Identify and drive cost reduction, supplier consolidation, service delivery improvements, process efficiencies, risk mitigation, and standardization across Citigroup businesses
  • Build and maintain relationship with business unit stakeholders to promote and expand procurement influence within software, as well as participate in the development, implementation, and monitoring or purchasing policies and procedures
  • Contribute to all administrative requirements such as approved supplier program, contract management system, procure-to-pay system, software related metrics, and reporting
  • Report on category trends and best practices driving best-in-class purchasing practices including application category management, preferred systems, tools, and techniques in a timely manner as well as maintain up to date and accurate system records
  • Lead cross-functional teams comprised of country procurement managers and stakeholders from multiple business units in development and execution of software sourcing strategies, Requests for Proposal, supplier selection, negotiation, and contracting processes, as well as lead regional and Global sourcing initiatives
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, 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.

Qualifications:
  • 15+ years of relevant experience
  • Certified Purchase Professional such as CPM or CIPS preferred
  • Deep Business Application Contracting experience, expert in commercial terms required to support applications
  • Experience in Supply Chain, Strategic Sourcing, and Procurement
  • Contract and Vendor Management Experience
  • Advanced computer skills with a focus on Microsoft Office and Excel
  • Demonstrated success in achieving savings goals and other performance metrics
  • Demonstrated relationship management, influencing, negotiation, and persuasion skills
  • Ability to work in a team-oriented environment
  • Consistently demonstrates clear and concise written and verbal communication

Education:
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred


Job Family Group:
Corporate Services

Job Family:
Supply Chain

Time Type:
Full time

Primary Location Full Time Salary Range:
$145,100.00 - $217,700.00

Most Relevant Skills
Please see the requirements listed above.

Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

This job opening is for an existing job vacancy.

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

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