Vendor Sourcing Manager, Professional Services

About the role

The Vendor Sourcing Manager, Professional Services role plays an essential role within CVM by providing business partners with strategic sourcing support, contract negotiation and risk mitigation. This position will manage all aspects of the strategic sourcing lifecycle; lead negotiations, as well as collaborate with risk groups and legal, as required on vendor engagements. This position will partner with the broader Sourcing team to develop sourcing strategies and ensure that industry-leading procurement services tools are utilized to support growth relationships for our suppliers and business partners.

Responsibilities

• Provide business partners with strategic sourcing support, contract negotiation and risk mitigation
• Support the broader Sourcing team to manage routing contracts for signature and various other reporting and administrative requirements
• Establish strong relationships with Schwab business partners across the firm and Legal stakeholders to develop, maintain and execute contracts for IT and non-IT professional services
• Manage all aspects of the strategic sourcing lifecycle; lead negotiations, as well as collaborate with risk groups and legal, as required on vendor engagements
• Partner with the broader Sourcing team to develop sourcing strategies and ensure that industry-leading procurement services tools are utilized to support growth relationships for our suppliers and business partners

Requirements

• 5+ years of experience in professional services category management and strategic sourcing
• Practice leading Request for Proposals (RFPs), including developing market intelligence reports, conducting financial analysis and thorough supplier evaluations
• Proficiency leading contract negotiations, including coordination with multiple risk review teams and Legal, in a regulated environment
• Strong oral and written communication skills with a proven track record of building effective working relationships with senior level business partners
• The ability to partner with and project manage cross-functional teams to drive contract and price negotiations that maximize value and mitigate risks while ensuring internal stakeholders’ requirements are met
• Strong negotiation skills, with ability to effectively explore alternatives to reach mutually beneficial outcomes
• Proficiency in MS Office Suite

Qualifications

• Experience with Zip, PeopleSoft and/or Access Ariba Cloud

Behaviors

• Positivity: brings energy and optimism to our dynamic workplace; is open to both large/complex sourcing projects as well as more administrative deals and tasks
• Strong Communication (written/verbal/interpersonal): can easily communicate up, down and across the organization with a proven capability to make contributions to teams and initiatives
• Analytical Thinking: ability to analyze data, and apply it to develop and implement sourcing strategies and contract negotiations
• Self-starter: able to manage multiple projects and succeed in a dynamic, fast-paced environment with minimal direction; self-motivated to learn and take on new responsibilities and proactively seek out answers to solve problems
• Adaptable: comfort and ability to quickly take on new, challenging projects and also perform administrivia support to the Enterprise Services Sourcing team as required

Benefits

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis. We offer a competitive benefits package that takes care of the whole you – both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance

Pay

Commensurate with experience

Schedule

Monday - Friday during standard business hours with a hybrid work model (4 days in office, 1 day working from home)