Director, Strategic Sourcing and Procurement

About the Company

EagleBank (NASDAQ – EGBN) is a values-driven organization prioritizing meaningful connections with customers, employees, and shareholders. We focus on being Flexible, Involved, Responsive, Strong, and Trusted, delivering compelling service while fostering inclusion, equity, and respect. We celebrate diversity and invest in employee growth through resource groups, mentorship programs, community service, and scholarship opportunities for continued education.

Employee well-being is supported through maternity and parental leaves, wellness discounts, healthcare premium sharing, employer-funded HSA contributions, and 100% 401(k) matching up to 4%.

About the Role

The Director, Strategic Sourcing & Procurement is a strategic leader responsible for establishing, developing, and leading the Company's procurement and sourcing function. This role involves developing enterprise procurement strategies, optimizing third-party spend, negotiating commercial agreements, strengthening supplier performance, and driving operational efficiency. The position requires both strategic leadership and hands-on execution, including leading complex sourcing initiatives, analyzing spending trends, negotiating vendor agreements, and implementing technology-enabled procurement solutions.

This individual will collaborate with business units, Legal, Accounts Payable, Information Security, Information Technology, Risk Management, and other stakeholders to maximize value from third-party relationships while ensuring strong governance and regulatory compliance. The role reports to the Chief Financial Officer and works closely with executive management to support expense management, operational efficiency, vendor governance, and strategic growth initiatives.

A key focus is building procurement capabilities from the ground up through automation, data analytics, artificial intelligence (AI), and digital workflow solutions to create a scalable and efficient procurement function.

Responsibilities

• Develop and implement enterprise procurement strategies to optimize third-party spend.
• Negotiate complex commercial agreements and strengthen supplier performance.
• Lead complex sourcing initiatives and analyze spending trends.
• Implement technology-enabled procurement solutions, including automation, data analytics, and AI.
• Foster strong relationships with business units, Legal, Accounts Payable, Information Security, IT, Risk Management, and other stakeholders.
• Ensure maximum value from third-party relationships while maintaining governance and regulatory compliance.
• Build procurement capabilities from the ground up using digital workflow solutions.
• Support the Company’s expense management, operational efficiency, vendor governance, and strategic growth initiatives.

Requirements

• Bachelor’s Degree in Business, Finance, Accounting, Supply Chain Management, Economics, or a related discipline.
• 10 years of progressive experience in procurement, strategic sourcing, vendor management, supply chain management, or related fields.
• 5 years of experience leading teams and managing enterprise procurement initiatives.
• Demonstrated experience negotiating complex supplier and technology contracts.
• Experience implementing procurement technologies, automation platforms, analytics solutions, or AI-enabled business tools.
• Experience developing supplier performance management and sourcing programs.
• Experience collaborating across Finance, Legal, IT, Information Security, Risk, and Operations functions.
• Experience within banking, financial services, or another regulated industry.
• Certification such as Certified Professional in Supply Management (CPSM), Certified Supply Chain Professional (CSCP), or Certified Purchasing Manager (C.P.M).
• Strong understanding of procurement, strategic sourcing, contract negotiations, and supplier relationship management.
• Strong financial and analytical skills, including spend analysis, business case development, and cost optimization.
• Ability to leverage technology, data analytics, AI, and automation to improve business processes.
• Understanding of vendor governance, procurement controls, and banking regulatory expectations.
• Excellent communication and relationship management skills with the ability to influence executive leadership.
• Strong project management, organizational, and problem-solving skills.
• Demonstrated ability to build and lead high-performing teams.

Preferences

• Master’s degree in a business or finance-related field.
• Certified Project Management Professional (PMP) or similar project management certification.

Pay

The projected annualized salary for this position ranges from $125,961 to $215,933. Additional compensation may be available based on experience and skills.

Schedule

This position requires 100% on-site work due to the reliance on face-to-face interaction.

Benefits

• Maternity and parental leave.
• Wellness discounts.
• Healthcare premium sharing.
• Employer funding in HSA accounts.
• 100% 401(k) matching up to 4%.
• Employee resource groups and mentorship programs.
• Community service opportunities.
• Scholarship opportunities for continued education.