We're representing a growing global corporate and investment bank in search for a senior Strategic Sourcing Director to join our procurement team and lead the sourcing activities for critical categories of spend. The role will focus on working with leadership to develop and integrate those strategies into their organizations. The role holder will be responsible for developing and leading sourcing strategies that deliver value, innovation, and risk mitigation to our business. The role will also manage supplier relationships, negotiate commercial terms & partner with Legal to negotiate contracts, and drive continuous improvement initiatives in the sourcing ecosystem.
Key Responsibilities
- Develop and oversee implementation of sourcing strategies for assigned categories, such as IT Hardware, IT Software, Professional Services
- Conduct market research and analysis to identify and qualify potential suppliers.
- Take the lead on executive level engagements to negotiate contracts and commercial terms with suppliers, ensuring compliance with legal and regulatory requirements.
- Support key supplier relationships with the business, helping resolve issues and escalations as well as negotiating relationship-wide programs where applicable.
- Lead development, in the future, of a formal program to manage supplier performance and relationships.
- Incubate select sourcing strategies for assigned categories, aligned with business objectives and stakeholder requirements. Monitor and report on category spend, savings, and performance metrics.
- Identify and implement cost savings, value creation, and process improvement opportunities.
- Monitor and manage to critical sourcing and procurement metrics and KPIs.
- Collaborate with internal stakeholders and external partners to drive innovation, sustainability, and diversity in the supply chain.
