Principal Associate, Supplier Management

Capital One • McLean, VA

22h

About The Position

At Capital One, our Enterprise Service Management (ESM) teams are seeking a Principal Associate, Supplier Management. 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 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 supporting the identification of 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, Procurement, Project Management, 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

• Support the creation and execution of strategic and innovative solutions to support internal customers that can identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth).
• Ability to negotiate basic contracts for a broad range of products and services for Capital One
• Serve as a point of contact for third parties and manage an effective governance between Capital One and assigned third parties.
• Ability to partner with business unit(s) and internal risk group(s) to ensure third party relationships are compliant with all relevant policies and procedures.
• Monitor and ensure successful delivery against third party contractual obligations
• Accountable for policy requirements for all managed third-party relationships.
• Plan and lead periodic reviews and assessments of supplier relationships.
• Maintain awareness of external marketplace as it relates to your suppliers and perform basic sourcing activities where appropriate

Benefits

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

What This Job Offers

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