Senior Sourcing Lead - Banking Operations

About the role

The Banking Operations Senior Sourcing Lead serves as a strategic sourcing partner to Banking and Operations leadership including oversight of customer servicing, payments and money movement. The role moves beyond cost control to value delivery, aligning suppliers to experience, performance, regulatory, and digital transformation priorities.

Responsibilities

• Develop negotiation 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

• Deep understanding of financial modeling and strategy development
• Prior Experience in Strategic Sourcing and/or Contracting
• SAP/Ariba experience
• Team management/mentorship

Hours & Work Schedule

Hours per Week: 40 Work Schedule: M-F 8-5 (4 days a week in office, 1 day 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.

Benefits

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 here.