Third-Party Procurement & Sourcing Senior Manager
About The Position
As a Third-Party Risk, Procurement & Sourcing Senior Manager, you’ll partner with business lines, third parties, Third-Party Risk & Controls, IT Business Operations, Legal, and other stakeholders to define requirements for an integrated, end-to-end third-party lifecycle, processes and controls, and system design and implementation. During and after implementation, you will support the maintenance of procedures, process/system enhancements, and ongoing third-party reporting. As part of a cross-functional enterprise team, design, develop, deploy, and manage integrated procurement, sourcing, and third-party risk management processes and systems. Ensure established third-party risk processes and controls are maintained or improved through the enhanced program. Demonstrate expertise and influence future process design incorporating third-party risk process requirements into the sourcing processes as well as a seamless integrated flow throughout the third-party lifecycle. Establish and implement best in class category management and sourcing strategies into third-party risk concentration and rationalization requirements. Support development of a comprehensive sourcing strategy grounded in meticulous analysis of spend data, market trends, category insights, risk mitigation, and business needs. Conduct and assess detailed third-party/supplier evaluations, determine supplier viability, and support management of third-party/supplier relationships including commercial, contract, and operational performance. Monitor and analyze market trends and stay up to date with industry trends and best practices. Promote cooperation and communication between internal stakeholders, across participating departments. Work closely with suppliers and internal partners to manage and enhance supplier performance and facilitate continuous improvement and innovation. Demonstrate critical thinking skills with high learning agility and the capability to outline a direction and drive towards the outcomes.
Requirements
- 8+ years of related work experience or an equivalent combination of education and experience.
- 5+ years of experience in supplier management, supply chain, or contracts.
- 5+ years of experience in category management or strategic sourcing.
- Bachelor's degree in related field required.
- Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
- Advanced knowledge of Windows, Microsoft Word, and Excel.
- Advanced experience managing multiple concurrent projects and delivering assignments to completion in accordance with defined instructions, prescribed routines, and standard accepted practices.
- Advanced speaking and writing communication skills.
Nice To Haves
- 5+ years of experience in third-party risk management is highly preferred
- Previous leadership experience preferred.
- Experience implementing / managing integrated procurement, sourcing, and risk management end-to-end processes.
Responsibilities
- Define requirements for an integrated, end-to-end third-party lifecycle, processes and controls, and system design and implementation.
- Support the maintenance of procedures, process/system enhancements, and ongoing third-party reporting.
- Design, develop, deploy, and manage integrated procurement, sourcing, and third-party risk management processes and systems.
- Ensure established third-party risk processes and controls are maintained or improved through the enhanced program.
- Influence future process design incorporating third-party risk process requirements into the sourcing processes.
- Establish and implement best in class category management and sourcing strategies into third-party risk concentration and rationalization requirements.
- Support development of a comprehensive sourcing strategy grounded in meticulous analysis of spend data, market trends, category insights, risk mitigation, and business needs.
- Conduct and assess detailed third-party/supplier evaluations, determine supplier viability, and support management of third-party/supplier relationships including commercial, contract, and operational performance.
- Monitor and analyze market trends and stay up to date with industry trends and best practices.
- Promote cooperation and communication between internal stakeholders, across participating departments.
- Work closely with suppliers and internal partners to manage and enhance supplier performance and facilitate continuous improvement and innovation.
- Demonstrate critical thinking skills with high learning agility and the capability to outline a direction and drive towards the outcomes.
Benefits
- Competitive salaries
- Ownership stake in the company
- Medical and dental insurance
- Time off
- 401k matching program
- Tuition assistance program
- Employee volunteer program
- Wellness program
- Opportunity to bolster business knowledge
- Learning the ins and outs of how successful companies operate and manage their finances
- Invaluable hands-on experience to help grow your career
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What This Job Offers
Job Type
Full-time
Career Level
Senior
