Principal Associate, Supplier Management

Capital One • McLean, VA

1d • $120,800 - $137,900

About The Position

Capital One’s Enterprise Service Management (ESM) teams are seeking a Principal Associate, Supplier Management. The role is responsible for the holistic relationship between Capital One and key third parties, helping enable a well-managed and adaptable supply chain. The associate will work with internal team members to establish and maintain relationships with internal business customers and assigned suppliers.

The role contributes to cost, risk, and performance management efforts for third-party relationships and supports identification of strategic opportunities for growth and greater return on investment. It calls for collaboration across teams, relationship building, and negotiation. Limited travel may be required.

The position is eligible for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives. Capital One offers health, financial, and other benefits; eligibility varies based on employment status and management level.

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, innovative solutions for internal customers that identify value-generating opportunities such as savings, efficiencies, or revenue growth.
• 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 effective governance between Capital One and assigned third parties.
• Partner with business units and internal risk groups to ensure third-party relationships comply with relevant policies and procedures.
• Monitor and ensure successful delivery against third-party contractual obligations.
• Manage policy requirements for all assigned third-party relationships and plan and lead periodic reviews and assessments of supplier relationships.
• Maintain awareness of the external marketplace as it relates to assigned suppliers and perform basic sourcing activities where appropriate.

Benefits

• Comprehensive health, financial, and other benefits supporting total well-being.
• Performance-based incentive compensation, which may include cash bonuses and/or long-term incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: High school or GED