Strategic Sourcing Professional – Team Lead

Strategic Sourcing Professional – Team Lead

Requirements

• Bachelor’s degree in one of the following: Supply Chain Management, Business, or Finance.
• 10+ years’ direct experience in a strategic sourcing, procurement and or 3rd party management.
• Subject Matter Expert in banking regulations related to 3rd Party Risk Management.
• Subject Matter knowledge in Technology or Cloud-based SaaS/IaaS/PaaS a plus.
• Effective verbal and written communication skills with the demonstrated ability to engage at an executive level.
• Strong interpersonal skills with the ability to develop and maintain productive relationships across the organization.
• Strong influencing and negotiation skills; consultative and collaborative work style.
• Demonstrated leadership capabilities with ability to foster positive employee engagement and trust.
• High learning agility with the ability to learn and integrate multiple business variables, make connections, and recommend credible solutions.
• High quality orientation; strong attention to detail.
• Effective at managing multiple priorities and leading teams of resources under tight deadlines in a fast-paced, dynamic environment; ability to prioritize & organize time to deliver consistent results.
• Self-starter; strong execution skills and results oriented. Self-directed; comfortable working with ambiguity and uncertainty.

Responsibilities

• Responsible for the leadership of the 3rd Party Management program for a portfolio of Technology providers.
• Responsible for the full 3rd party lifecycle including developing and implementing the third-party risk strategy.
• Manage a team of 3rd party professionals overseeing the Technology portfolio, with a particular focus on Critical / High Risk relationships.
• Partner with members of the Technology leadership team, the second line 3rd party risk management program, and other key stakeholders to ensure that the management of risk are effectively identified, monitored, and mitigated to achieve business objectives.
• Understand and disseminate regulatory requirements and report to senior management in Technology & Operations.
• Support vendor selection activities in partnership with the Technology organization, including a formal strategic sourcing methodology and engagement with the marketplace for RFI, RFP, and RFQ.
• Adhere to 3rd Party Risk Management guidelines through the execution of policies and procedures throughout the lifecycle of a third-party vendor relationships.
• Ensure strong oversight of vendor risks and provide insight on existing and potential risks.
• Provide initial and on-going due diligence review on third party vendors to ensure risk are identified and applicable standards.
• Ensure scorecards are structured to allow proper oversight and monitoring of the third party that commensurate with the level of risk and complexity of the relationship.
• Partner with Business Units and Vendor partners on corrective action or remediation efforts including Performance Improvement Plans.
• Develop domain knowledge of company business to gain an understanding of short-term goals and long-term strategies for the organization.
• Act as escalation point of contact for any vendor related questions and issues or when staff is experiencing issues with their vendors/stakeholders.
• Primarily lead for RFP sourcing events in collaboration with various business sponsors or joint sponsors.
• Develop and bring best practices into the RFP process. Host RFP events such as service/product demonstrations, question-answer sessions, elimination round conversations, and contract award scenarios.
• Mentor, educate, and share best practice approaches with other levels on the team. Be comfortable in a highly visible role and a proponent of challenge or change.
• Perform other duties as assigned, including assisting with regulatory compliance risk assessments and related infrastructure enhancements.

Preferred Qualifications

• Subject Matter knowledge in Technology or Cloud-based SaaS/IaaS/PaaS a plus.