Principal Associate, Supplier Management - Premium Products & Experiences

Capital One • McLean, VA

4d

About The Position

Principal Associate, Supplier Management - Premium Products & Experiences At Capital One, our Enterprise Service Management (ESM) team is seeking a Principal Associate, Supplier Management focused on Premium Products and Experiences. 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 superior experiences for both internal and external clients. As a Principal Associate, Supplier Management - Premium Products & Experiences you will be responsible for the holistic relationship between Capital One and key third parties, enabling a well-managed and adaptable supply chain. You will work closely with internal team members establishing and maintaining relationships with internal business customers and assigned suppliers. This role is essential in the delivery of key cost, risk, and performance management-related efforts for third-party relationships, in addition to identifying strategic opportunities for growth and/or greater return on investment. If you enjoy connecting with others, collaborating on cross-functional teams and negotiating deals, we are looking for YOU. Come be a part of something special where you work with teams who appreciate your contributions and sharing your thoughts and ideas is encouraged.

Requirements

• High School Diploma, GED or Equivalent Certification
• At least 3 years of experience in Relationship Management, Supplier Management, Project Management, or Process Management, or a combination of these

Nice To Haves

• Bachelor's degree or military experience
• At least 4 years of experience in Procurement, Sourcing, Operations Management, or Risk Management

Responsibilities

• Problem Solving & Strategy Advice: Provide problem-solving and innovative ideas to support internal customers. Identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth).
• Negotiation: Partner to negotiate contracts for a broad range of services for Capital One
• Relationship Management: Serve as a primary point of contact for third parties and manage an effective governance between Capital One and assigned third parties.
• Collaboration: Partner with internal risk groups to ensure third party relationships are compliant with all relevant policies and procedures.
• Risk Management: Monitor and ensure successful delivery against third party contractual obligations
• Process Management: Accountable for policy requirements for all managed third-party relationships. Plan and lead periodic reviews and assessments of supplier relationships.
• Supplier Sourcing: Maintain awareness of external marketplace as it relates to your suppliers and perform sourcing activities where appropriate

Benefits

• This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
• Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees