Sourcing Manager

U.S. Bank National Association • Minneapolis, MN

1d

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. This role assists with the development, execution and maintenance of procurement strategy for large, enterprise professional services and consulting vendors. It involves advising internal business partners, vendors and other strategic staff to provide efficient and effective procurement methods and contract negotiations. The Sourcing Manager negotiates and reviews large, strategic consulting contracts, evaluates suppliers and proposals, and monitors market trends and internal organization priorities. The position interacts with senior management on short- and long-term projects, links procurement strategies to overall business strategy, and coordinates projects across business lines. It also implements process improvements, including technology use, and manages relationships with key suppliers to drive optimal outcomes, ensuring clear definitions of benefits from category projects.

Requirements

• Bachelor's degree in business, finance, supply chain management or logistics, or equivalent work experience
• At least one year of related experience

Nice To Haves

• Experience in creation and/or implementation of a category strategy for enterprise-wide expenditures
• Thorough knowledge of category management in areas such as consulting, temporary labor, business process outsourcing
• Ability to manage relationships with large, strategic vendors
• Well-developed critical thinking and analytical skills
• Ability to work effectively with individuals and senior level executives inside and outside the organization
• Excellent verbal and written communication skills

Responsibilities

• Assists with the development, execution and maintenance of procurement strategy for large, enterprise professional services and consulting vendors.
• Advises internal business partners, vendors and other strategic staff to provide the most efficient and effective procurement methods and contract negotiations.
• Negotiates and reviews large, strategic consulting contracts.
• Evaluates suppliers and proposals to ensure organization and customer needs are met.
• Monitors market trends and internal organization priorities.
• Interacts with senior management on short- and long-term projects.
• Effectively links procurement strategies to overall business strategy and coordinates projects across business lines.
• Implements process improvements, including use of technology to drive efficiency.
• Manages relationships with key suppliers to drive optimal outcomes for the organization.
• Ensures clear definitions of benefits from category projects.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees