Director - Supplier Management

Principal Financial Group

2d • $141,000 - $191,000 • Hybrid

About The Position

We’re looking for a Director- Supplier Management to join the Global Sourcing team! In this role you'll own the enterprise Supplier Management program and are accountable for risk, performance, and value management in the supply base. This role leads a team of Supplier Relationship Managers who focus on our highest impact suppliers. Through management plans, score cards, and strong governance, the supplier management function drives value for Principal.
You'll have the opportunity to:
Effectively lead a team of supplier management professionals helping them prioritize focus areas within the supply base through segmentation and proactive issue and opportunity identification.
Partner with risk leaders and risk subject matter experts to efficiently complete supplier risk assessments and implement controls to mitigate the identified risks. Ensure the risk rigor aligns with the Principal risk appetite.
Collaborate with Sourcing leaders and Sourcing Consultants to cleanly transition suppliers from contracting to ongoing management. Ensure that business and commercial terms are well understood by first line engagement managers for our most impactful suppliers.
Collaborate with Engagement managers, risk and business partners to ensure strategic suppliers are managed well for maximization of value and risk mitigation
Educate and train first line engagement managers on effective supplier management. The depth of training should reflect the risk and impact of the supplier that is being managed.
Develop and continuously implement a vision for the supplier management function taking into account emerging trends in procurement, technology, and risk.
Continuously improve the adopted procurement tools and technologies to make the supplier management function more efficient and effective.
Develop and implement a roadmap for inclusion and sustainability
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Requirements

• Bachelor's degree in business or equivalent experience required, 10+ years of supplier management experience with 5+ years people leader experience.
• Ability to build relationships and influence others.
• Must be able to deal with conflicting goals and points of view.
• Knowledge of Supplier Management Program including TPRM (third party risk management)
• Experience with technology and tools that enable Supplier Management
• Strong businessacumen and executivepresence including the ability to tactfully push back on senior leaders
• Strong analytical and critical thinking skills
• Ability to work independently solving problems and challenging/influencing internal and external stakeholders
• Ability to design processes
• Very strong written and verbal communication skills.
• Ability to multi-task and juggle many competing demands

Nice To Haves

• Knowledge and experience in strategic sourcing and supply chain management preferred

Responsibilities

• Effectively lead a team of supplier management professionals helping them prioritize focus areas within the supply base through segmentation and proactive issue and opportunity identification.
• Partner with risk leaders and risk subject matter experts to efficiently complete supplier risk assessments and implement controls to mitigate the identified risks. Ensure the risk rigor aligns with the Principal risk appetite.
• Collaborate with Sourcing leaders and Sourcing Consultants to cleanly transition suppliers from contracting to ongoing management. Ensure that business and commercial terms are well understood by first line engagement managers for our most impactful suppliers.
• Collaborate with Engagement managers, risk and business partners to ensure strategic suppliers are managed well for maximization of value and risk mitigation
• Educate and train first line engagement managers on effective supplier management. The depth of training should reflect the risk and impact of the supplier that is being managed.
• Develop and continuously implement a vision for the supplier management function taking into account emerging trends in procurement, technology, and risk.
• Continuously improve the adopted procurement tools and technologies to make the supplier management function more efficient and effective.
• Develop and implement a roadmap for inclusion and sustainability

Benefits

• Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees