Sourcing Manager - Marketing

Your Opportunity

Corporate Vendor Management (CVM) at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor relationship management process to improve vendor performance and value. CVM provides strategic sourcing support; identifies, mitigates, monitors, and handles vendor risk; and assists Schwab in meeting regulatory and compliance requirements. The Manager will support Marketing, Events or Travel sourcing categories and build opportunity assessments to identify and develop sourcing and spend management strategies to deliver cost savings across the firm. They will partner in cross-functional teams to achieve efficient total cost of ownership and mitigate risk for the firm.

Workplace Flexibility Program: We're proud to support our employees in a working approach that allows you to bring your best self to work – whether that’s in the office or remote.

• Most Schwabbies have the opportunity to voluntarily work in the office or at home based on their preference, through the remainder of 2021.*
• When the firm is ready to fully return to the office, employees will have the flexibility of a hybrid work environment, spending some time working remote and some time in the office.
• Employees and managers can discuss and decide what works best for them, with additional flexibility available based on their role, business needs, and individual circumstances.

*Subject to change as Schwab is continually evaluating the current environment in order to best care for the safety and well-being of our employees.

What you are good at

• Support the planning, implementation and execution of strategic sourcing strategies
• Contracting support, planning, and expertise across key vendor relationships
• Form relationships and effectively collaborate across varied functions with internal partners, external suppliers, agencies and colleagues to inspire change
• Perform market analysis, benchmark analysis and spend analysis for focused categories
• Collaborate with senior functional leaders to establish, develop and present business reason and cost/benefit analysis to partners
• Handle a portfolio of business supporting the Marketing function. Lead portfolio of vendors to drive out outstanding deals for Schwab.
• Facilitation of supplier selection and lead the discussion process
• Identify, select, and handle suppliers who have the capacity and capability to meet the needs of the business
• Use industry associations, peers and partners to identify standard methodologies for strategic sourcing for outsourcing category and supplier management
• Ensure realized savings ties back to departmental budget
• Observe supplier performance and handle supplier relationship for key suppliers across multiple business divisions.
• Review and approve contracts and SOWs in accordance to company terms and conditions.
• Ability to interpret and use key financial data; can tell a narrative with data
• Interact with Legal and other company departments and agencies to analyze risks associated with agreements and develop language to minimize exposure whenever needed.

What you have

• 3 years of shown experience as a sourcing and/or procurement professional, preferably with a focus on Marketing spend/vendor relationships.
• 3 years of shown experience assisting in, or leading, the development and management of category plans or sourcing strategies.
• In-depth understanding of the supplier marketplace for the assigned category(ies); deep industry and/or professional relationships with supplier in the categories a plus
• Track record of growing responsibility for Marketing, Events & Travel vendor management initiatives, including but not limited to the execution of (or assistance in) sourcing events (RFP, RFI, etc).
• Excellent written, oral and presentation skills and an ability to synthesize sophisticated and technical information into clear recommendations on course of action.
• Knowledgeable about contract terms and conditions.
• Demonstrated contract and agreement discussion experience, including development of discussing plans and strategies.
• Experience negotiating/contracting with large suppliers such as creative, media and events agencies a plus
• Strong relationship management skills and ability to influence at a mid-to-senior management level both internally and externally.
• Excellent planning and prioritization skills with the ability to quickly adapt to change
• Demonstrated confidence level with ambiguity
• Experience planning and leading discussions
• Highly motivated; demonstrates a 'can-do' approach in being proactive with work assignments
• Knowledge on emerging trends in Marketing, Advertising and Strategic Sourcing
• Willingness to offer thought leadership, to think creatively, and to offer new ways to approach old problems

Minimum educational level:

• Bachelor's degree in business administration, marketing, economics, supply chain management or public policy preferred
• Professional accreditation in sourcing, procurement or inventory management a plus

Colorado Compensation
Target Total Compensation - 83,800 - 132,600.
Your actual pay will be based on your skills and experience -- talk with your recruiter to learn more.