Typical Day in Role:
– 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
Candidate Requirements/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
Soft Skills:
• Analytic problem solver with excellent written and verbal communication skills with the ability to establish and communicate the strategic vision.
• Strong organizational skills with the ability to effectively prioritize multiple initiatives, projects, and work streams simultaneously.
Education/Experience:
• Bachelor’s degree in a related field