Senior Sourcing Lead - Banking Operations

Citizens Bank•Johnston, RI

6h•Hybrid

About The Position

In the role as a Banking Operations Senior Sourcing Lead, you will be armed with key spend data, forward looking market intelligence and a fully integrated source to pay process, enabling you to be a strong strategic partner with business line executives. This will help you drive shorter cycle times, increased market intelligence, higher level strategic discussions and increased savings opportunities. The Senior Sourcing Lead will report to the Senior Sourcing Team Manager in Strategic Sourcing within Procurement. The Lead will drive cost savings initiatives for the assigned commodity and consider the total cost of ownership across the Bank. The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships. The primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization. The Banking Operations Senior Sourcing Lead serves as a strategic sourcing partner to Banking and Operations leadership including oversight of customer servicing, payments and money movement. The role moves beyond cost control to value delivery, aligning suppliers to experience, performance, regulatory, and digital transformation priorities.

Requirements

Senior Sourcing Lead experience
Banking Operations knowledge
Experience with key spend data analysis
Experience with market intelligence
Experience with source to pay process
Ability to drive shorter cycle times
Ability to conduct higher level strategic discussions
Ability to identify and drive savings opportunities
Ability to consider total cost of ownership
Ability to partner with business owners
Ability to identify market and economic trend opportunities
Ability to align with business lines
Experience with customer servicing, payments, and money movement oversight
Experience moving beyond cost control to value delivery
Ability to align suppliers to experience, performance, regulatory, and digital transformation priorities
Experience developing negotiation strategies
Experience improving quality and service levels
Experience identifying sourcing strategies for strategic/complex negotiations
Experience overseeing spend activity for assigned commodity
Experience determining proper action plans for purchases meeting Procurement threshold
Experience leading cross-functional teams
Experience executing sourcing initiatives
Experience with competitive bidding process
Experience with contract negotiations
Ability to negotiate contract red lining for all types of corporate transactions
Experience using an Agile contracting framework
Category Procurement subject matter expertise
Ability to work with functional and business groups as a trusted advisor
Ability to determine desired product/service specifications
Ability to determine projected demand
Ability to make recommended action plans
Ability to maintain close relations with industry supply base and industry experts
Ability to develop innovative solutions to complex problems
Ability to proactively identify improvement opportunities
Ability to recommend key actions
Ability to utilize analytical thinking and tools
Ability to identify new benefits generation
Ability to prioritize projects to ensure demonstrated impact to the business
Ability to pass a background check

Responsibilities

Develop negotiation strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations.
Oversee all spend activity for assigned commodity and determine proper action plan for all purchases that meet Procurement involve threshold.
Lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations.
Ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework.
Provide Category Procurement subject matter expertise for the associated business/function.
Effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans.
Maintain close relations with the industry supply base and industry experts with the objective to develop innovative solutions to complex problems.
Proactively identify improvement opportunities for assigned category areas and recommend key actions.
Utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure demonstrated impact to the business.