Sr Director, Procurement

LendingClub • Lehi, UT

1d • $148,000 - $175,000 • Hybrid

About The Position

We are looking for a Sr Director of Procurement to lead the enterprise procurement function, driving a high-performing team while leading strategic transformation across vendor onboarding, contracting, and third-party engagement. This role will own the end-to-end implementation of a Contract Lifecycle Management (CLM) platform and modernize procurement processes to improve efficiency, compliance, scalability, and stakeholder experience. In this role, you will serve as a key partner to Legal, Finance, Risk, Compliance, the Business, and Technology, ensuring procurement enables business growth while maintaining strong governance and cost discipline.

Requirements

• 12+ years of experience in procurement, sourcing, or vendor management, including senior leadership roles
• Experience leading procurement or vendor-related transformations at scale
• Experience leading enterprise technology implementations, including CLM preferred
• Strong people leadership experience with a track record of building and developing teams
• Experience partnering closely with Legal, Finance, Risk, Compliance, and Technology teams
• Background in financial services, fintech, or other highly regulated environments
• Strong change management and process design experience
• Strategic mindset with executive presence
• Data-driven approach with experience defining and managing KPIs
• Strong negotiation and vendor management skills
• Bachelor’s degree in a related field or equivalent work experience

Nice To Haves

• Experience building procurement functions in high-growth or transformation environments
• Familiarity with third-party risk frameworks and regulatory expectations

Responsibilities

• Procurement Leadership & Team Management
• Lead, mentor, and develop the procurement team, establishing clear roles, performance expectations, and career growth paths
• Set the strategic direction for procurement, aligning priorities with business objectives and enterprise initiatives
• Establish best-in-class procurement policies, controls, and operating procedures
• Vendor Onboarding Transformation
• Design and lead a transformation of the vendor onboarding process to improve speed, transparency, and stakeholder experience
• Partner closely with Legal, Compliance, Risk, InfoSec, Finance, and IT to streamline third-party due diligence and approval workflows
• Standardize vendor intake, risk tiering, and approval criteria while ensuring regulatory and policy compliance
• Define and track KPIs for onboarding efficiency, cycle times, and vendor satisfaction
• Contract Lifecycle Management (CLM) Implementation
• Own the end-to-end CLM implementation project, from requirements gathering
• Serve as executive sponsor for the CLM tool, coordinating across Procurement, Legal, IT, and business stakeholders
• Lead vendor selection (if applicable), implementation planning, change management, and user training
• Ensure the CLM solution integrates effectively with procurement, finance, and vendor management systems
• Drive adoption and continuous improvement post-implementation
• Strategic Sourcing & Vendor Management
• Oversee strategic sourcing initiatives, contract negotiations, and supplier performance management
• Develop frameworks for vendor segmentation, risk management, and cost optimization
• Partner with senior business leaders to support complex, high-value, and high-risk vendor engagements
• Stakeholder Partnership & Governance
• Act as a trusted advisor to executive leadership on procurement strategy, vendor risk, and spend optimization
• Ensure procurement practices align with regulatory, audit, and compliance requirements
• Support internal audits, regulatory exams, and third-party risk assessments related to procurement and vendor management

Benefits

• We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.

What This Job Offers

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