Sr Sourcing Lead - Cyber/Technology

Description

Citizens has recently transformed the sourcing experience to the business. In the role as a Senior Sourcing Lead, 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 Senior Sourcing Lead will report to the Senior Sourcing Team 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 primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization.

Primary responsibilities 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.
• Lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations.
• Ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework.
• Provide Category Procurement subject matter expertise for 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.
• Maintain 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 category areas and recommend key actions.
• Utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure demonstrated impact to the business.

Qualifications, Education, Certifications and/or Other Professional Credentials

• 4 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 all 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

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

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, 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. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.