Sourcing Lead

Description

Sourcing Commodity Lead 

Citizens Bank is currently in the process of delivering a transformed sourcing experience to the business.  In this role as a Sourcing professional, you will be armed with key spend data, forward looking market intelligence and a fully integrated source to pay process enabling you to be a strong strategic partner with business line executives.  This will help you drive shorter cycle times, increased market intelligence, higher level strategic discussions and increased savings opportunities. 

The Sourcing Commodity Lead will report to the Sourcing Commodity Manager in Strategic Sourcing within Procurement.  The Lead will drive cost savings initiatives for the assigned commodity and  consider the total cost of ownership across the Bank.  The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships.  The Sourcing Commodity Lead will exhibit strong business acumen with a proven track record for success within transformational sourcing environments.   Primary focus is to align with the business lines in a way that generates positive impact to them achieving their business goals, while optimizing value to the overall organization.

Strong expertise in at least one of the following commodities:

• Digital Marketing
• Technology/Infrastructure/Consumer Technology 
• Property and Real Estate 
• Operations 
• Cyber Security 
• Professional Services
• Banking Products & Services 

Responsibilities will include:

• Develop commodity strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations. Oversee all spend activity for assigned commodity and determine proper action plan for all purchases that meet Procurement involve threshold. 

Leading cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations; Ability to negotiate, including red-lining,  all types of corporate transactions contracting including an Agile contracting framework.

Provide category Procurement subject matter expertise o the associated business/function; Effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans. 

• Maintaining close relations with the industry supply base and industry experts with the objective to develop innovative solutions to complex problems.
• Proactively identify improvement opportunities for assigned cateogry areas and recommend key actions; Utilize analytical thinking and tools to identify new benefits generation; prioritizing projects to ensure demonstrated impact to the business. 

Experience and Skills:

• 7 or more years of relevant experience in sourcing and contract negotiation, preferable in highly regulated industry (Financial Services preferred), including managed services contracts, cloud services and SaaS deals.   
• Experience leading complex sourcing engagements using best practice 7-step sourcing process (or equivalent) with advanced negotiation skills. 
• Proven success with building and progressing stakeholder relationships at senior levels of the organization.
• Strong consulting, project management and analytics skills with proven success in root cause analysis.
• Knowledge of Ariba, Oracle, and advanced skills in Excel and PowerPoint.

Education and Certifications:

• Bachelor’s degree in relevant field is required, MBA preferred
• Legal background preferred

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.