Sourcing Manager Associate

Sumitomo Mitsui Banking CorporationJersey City, NJ
72d$80,000 - $120,000

About The Position

This Strategic Sourcing Manager will report to a Sourcing Category Leader(s) and is responsible for executing on category and supplier spend management strategies for third party supplier spend, executing sourcing projects (competitive bids, single-source negotiations, etc.), and contracting. This role will be focused on general services and Market Data Services.

Requirements

  • Bachelor's Degree required with experience in the financial services industry a plus
  • 3 to 5 years of professional services sourcing experience

Nice To Haves

  • Collaborator and leadership skills
  • Ability to adapt and thrive in an evolving environment
  • Strong business acumen
  • Strong issue resolution, negotiation, and project management skills
  • Strong people skills
  • Ability to engage with all management levels
  • Initiative-taking /self-starter with ability to work independently
  • Experience with PowerPoint and Excel pivot tables
  • High level of comfort working with technology
  • Ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
  • Experience and proven ability to drive change with management direction by influencing others at all levels within the organization
  • Ability to communicate effectively with internal sourcing and client stakeholders
  • Cost Modeling: ability to understand value streams, cost drivers and how to break down cost structures to derive a TCO
  • Experience in drafting and redlining contracts
  • Strong knowledge of the key aspects of the RFI/RFP/RFQ and the sourcing process

Responsibilities

  • Work with internal stakeholders to define requirements
  • Identify qualified suppliers
  • Design and execute the competitive process
  • Evaluate competitive offerings from suppliers and develop and present sourcing options that meet SMBC's business requirements
  • Conduct commercial term negotiations
  • Implement and govern buying channels
  • Partner and collaborate with regional sourcing colleagues, internal stakeholders, Internal Procurement Operations, Third Party Risk and Contract Management, In-house Legal, Risk and Finance teams
  • Maintain compliance with all policy and procedural guidelines
  • Identify new opportunities that address or anticipate client needs

Benefits

  • Competitive portfolio of benefits
  • Annual discretionary incentive award
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