Sourcing Manager Associate
This Strategic Sourcing Manager will report to a Sourcing Category Leader(s) and is responsible for executing on category and supplier spend management strategies for third party supplier spend, executing sourcing projects (competitive bids, single-source negotiations, etc.), and contracting. This role will be focused on general services and Market Data Services.
Role Objectives
- Work with internal stakeholders to define requirements
- Identify qualified suppliers
- Design and execute the competitive process
- Evaluate competitive offerings from suppliers and develop and present sourcing options that meet SMBCs business requirements
- Conduct commercial term negotiations
- Implement and govern buying channels
- Partner and collaborate with :
Regional sourcing colleagues
Internal stakeholdersInternal Procurement Operations, Third Party Risk and Contract ManagementIn-house Legal, Risk and Finance teamsMaintain compliance with all policy and procedural guidelinesIdentify new opportunities that address or anticipate client needs Priorities Ability to effectively challenge the status quo and "build an alliance" to deliver change. Proactive engagement with clients to identify and develop value added opportunities and comprehensive sourcing strategies.Qualifications and Skills
Bachelor's Degree required with experience in the financial services industry a plus3 to 5 years of professional services sourcing experiencePreferred Qualifications
Collaborator and leadership skillsAbility to adapt and thrive in an evolving environmentStrong business acumenStrong issue resolution, negotiation, and project management skillsStrong people skillsAbility to engage with all management levels Initiative-taking / self-starter with ability to work independently. Experience with PowerPoint and Excel pivot tables.High level of comfort working with technologyAbility to conduct market / industry / supplier analysis and synthesize data into a consumable format Experience and proven ability to drive change with management direction by influencing others at all levels within the organization.Ability to communicate effectively with internal sourcing and client stakeholdersCost Modeling : ability to understand value streams, cost drivers and how to break down cost structures to derive a TCOExperience in drafting and redlining contracts. Strong knowledge of the key aspects of the RFI / RFP / RFQ and the sourcing processThis hybrid role will have a defined work location that includes work from home and assigned office days as set by the manager.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.