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Strategic Sourcing Manager - Associate
Strategic Sourcing Manager - AssociateSMBC Group • Jersey City, NJ, US
Strategic Sourcing Manager - Associate

Strategic Sourcing Manager - Associate

SMBC Group • Jersey City, NJ, US
12 hours ago
Job type
  • Full-time
Job description

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 skills
  • Ability to adapt and thrive in an evolving environment
  • Strong business acumen
  • Strong issue resolution, negotiation, and project management skills
  • Strong people skills
  • Ability 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 technology
  • Ability 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 stakeholders
  • Cost Modeling : ability to understand value streams, cost drivers and how to break down cost structures to derive a TCO
  • Experience in drafting and redlining contracts
  • Strong knowledge of the key aspects of the RFI / RFP / RFQ and the sourcing process
  • Bachelor's Degree required with experience in the financial services industry a plus
  • 3 to 5 years of professional services sourcing experience
  • Additional 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 : Associate
  • Employment type : Full-time
  • Job function : Purchasing and Supply Chain
  • Industries : Banking, Financial Services, and IT Services and IT Consulting
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    Strategic Sourcing Manager • Jersey City, NJ, US

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