Principal Associate, Sourcing Manager

Capital One•McLean, VA

19d

About The Position

At Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate , Sourcing Manager to join our Enterprise Supplier Management (ESM) Team! In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver experiences for both internal and external clients. This Sourcing position will develop strategy for and execute high risk and high impact procurement efforts across the company. This is an individual contributor role. Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Marketing related services, Professional Services, IT related Services. The selected candidate will have experience in strategic sourcing – ideally in the technology or financial services industry. He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate complex agreements.

Requirements

At least 3 years of experience in sourcing and procurement
At least 2 years of experience in risk management
At least 2 years of experience in negotiating supplier agreements

Nice To Haves

Bachelor's Degree or Military Experience
5+ years of experience in outsourcing and procurement
4+ years of experience in risk management

Responsibilities

Analyze external industry trends and benchmarks, as well as develop and share market insights
Clearly articulates cost drivers and pricing analysis for strategy formulation.
Leads the development of make–versus-buy strategies
Leads innovative sourcing methods - balance cost, speed, and quality based on internal customer needs
Build strong internal and external relationships, understand the procurement parameters and look for new opportunities
Consult with internal clients and business partners to identify opportunities to drive cost savings and efficiency in the supply chain
Build buy in and communicate across multiple levels of the organization and across multiple lines of business
Manage multiple projects concurrently in an autonomous environment
Develop and implement procurement strategies including RFx, eSourcing, direct negotiations, etc.
Use procurement software tools
Support the development and execution of category strategies
Support the negotiation of commercial terms for large contracts
Develop communications and presentations at the Executive level