Overview
Join to apply for the Strategic Sourcing Manager - Associate role at SMBC Group
SMBC Group is a top-tier global financial group with a 400-year history. The Group offers a diverse range of financial services and has a global presence with offices in nearly 40 countries. The anticipated salary range for this role is between $80,000.00 and $120,000.00, with the specific offer based on qualifications and market conditions. The role may be eligible for an annual discretionary incentive award. SMBC provides a competitive benefits portfolio.
Role Description
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. The role will be focused on professional 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 stakeholders, Internal Procurement Operations, Third Party Risk and Contract Management, In-house Legal, Risk and Finance teams
- Maintain compliance with all policy and procedural guidelines
- Identify new opportunities that address or anticipate client needs
Qualifications And Skills
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 independentlyExperience with PowerPoint and Excel pivot tablesHigh level of comfort working with technologyAbility to conduct market / industry / supplier analysis and synthesize data into a consumable formatExperience and proven ability to drive change with management direction by influencing others at all levels within the organizationAbility 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 contractsStrong knowledge of the key aspects of the RFI / RFP / RFQ and the sourcing processBachelor's Degree required with experience in the financial services industry a plus3 to 5 years of professional services sourcing experienceAdditional Requirements
Hybrid work model with work from home and office days as set by the manager. Candidates should live within a reasonable commuting distance of their office location. Specific hybrid schedules will be discussed during interview. Accommodation requests can be made to accommodations@smbcgroup.com.
Job Details
Seniority level : AssociateEmployment type : Full-timeJob function : Purchasing and Supply ChainIndustries : Banking, Financial Services, and IT Services and IT ConsultingJ-18808-Ljbffr