Financial Services Strategic Sourcing Analyst

SoFi

9h•$80,000 - $150,000

About The Position

SoFi is seeking a Financial Services Strategic Sourcing Analyst to support sourcing and procurement initiatives across its Financial Services businesses. The analyst will partner with teams across Home Loans, Credit, Finance, Risk, Fraud, AML, Crypto, and other functions in a complex, highly regulated environment. The role manages sourcing projects across financial services categories, including RFPs, RFQs, contract renewals, new purchases, competitive benchmarking, supplier negotiations, and cost-saving initiatives. The analyst builds relationships with business stakeholders while ensuring procurement processes are followed. This position reports to the Head of Procurement and may support additional procurement projects and strategic initiatives as needed. The role covers strategic sourcing and category management, supplier negotiations and relationship management, financial analysis and value delivery, and cross-functional stakeholder partnership. It involves taking sourcing projects from intake through selection, negotiation, contracting, and implementation; analyzing supplier pricing and business value; and advising stakeholders on supplier and commercial decisions while balancing urgency with governance, financial discipline, and risk management.

Requirements

Bachelor’s degree in business, finance, supply chain, economics, or a related field, or equivalent experience.
At least 4 years of experience in strategic sourcing, procurement, vendor management, consulting, finance, or a related discipline.
Experience managing sourcing projects, including RFPs, RFQs, renewals, competitive bids, or supplier negotiations.
Strong analytical and financial modeling skills, including the ability to compare complex pricing proposals and evaluate total cost.
Demonstrated ability to negotiate pricing and contract terms with technology, data, financial services, or other strategic suppliers.
Experience working with cross-functional stakeholders in a matrixed organization.
Ability to manage multiple projects, prioritize competing demands, and meet deadlines.
Strong written and verbal communication skills, including the ability to present clear recommendations to stakeholders and leadership.
Comfort working with ambiguity and developing practical solutions to business problems.
Proficiency with Excel or Google Sheets, presentation tools, and procurement or contract-management systems.

Nice To Haves

Experience supporting financial services, lending, credit bureau, fraud, identity, AML, risk, payments, cryptocurrency, or regulated technology categories.
Experience working with suppliers that process sensitive financial, consumer, or personal information.
Familiarity with third-party risk management, information security reviews, regulatory requirements, and contract governance.
Experience negotiating SaaS, data, API, transaction-based, or usage-based supplier agreements.
Procurement certification such as CPSM, CIPS, or equivalent.
Experience using Coupa, Ironclad, Venminder, Workday, or similar procurement and contract-management tools.

Responsibilities

Manage sourcing projects from intake through supplier selection, negotiation, contracting, and implementation.
Lead RFPs, RFQs, renewals, competitive bids, and new supplier engagements across Financial Services categories.
Partner with stakeholders to understand business requirements, define sourcing strategies and evaluation criteria, and establish project timelines.
Conduct market research, supplier benchmarking, spend analysis, and commercial-model assessments.
Identify opportunities to consolidate suppliers, improve commercial terms, increase competition, and optimize demand.
Support category strategies and sourcing roadmaps for financial services suppliers.
Lead negotiations covering pricing, rate structures, volume tiers, minimum commitments, payment terms, service levels, termination rights, implementation fees, and other commercial terms.
Evaluate supplier proposals and develop fact-based negotiation strategies.
Partner with Legal, Finance, Risk, Information Security, Compliance, and Third-Party Risk Management on contractual and supplier requirements.
Monitor supplier performance, contract expirations, auto-renewal dates, pricing escalators, and other commercial obligations.
Support supplier relationship management and issue resolution with business stakeholders.
Identify and negotiate cost savings, cost avoidance, payment-term improvements, and other financial value.
Prepare pricing analyses, total-cost-of-ownership comparisons, business cases, negotiation summaries, and executive-ready recommendations.
Partner with Finance to validate savings methodologies, forecast financial impact, and track realized results.
Analyze how business growth, volume changes, product usage, and supplier concentration affect procurement strategy.
Build trusted relationships across Lending, Credit, Finance, Risk, Fraud, AML, Crypto, and other business functions.
Engage early in business planning, supplier evaluations, and purchasing decisions as a procurement advisor.
Facilitate cross-functional alignment and help stakeholders make informed supplier and commercial decisions.
Communicate project status, risks, decisions, and recommendations clearly to stakeholders and leadership.
Balance business urgency with procurement governance, competitive processes, financial discipline, and risk management.