This role can be based in New York or Malvern/West Reading PA
Job Responsibilities
• Supplier Identification: Identify potential suppliers through market research and evaluation, considering factors such as cost, quality, reliability, and delivery capabilities.
• Negotiation: Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with organizational goals.
• Supplier Management: Develop and maintain strong relationships with key suppliers, monitor their performance, and implement strategies to address any issues or improvements.
• Cost Analysis: Analyze supplier proposals, pricing structures, and total cost of ownership to make informed sourcing decisions that optimize cost efficiency.
• Market Research: Stay updated on industry trends, market conditions, and emerging technologies to make informed sourcing recommendations.
• Sourcing Strategy: Collaborate with cross-functional teams to develop and implement sourcing strategies that align with organizational objectives.
• Contract Management: Review, evaluate, negotiate, and manage supplier contracts, ensuring compliance with legal and regulatory requirements. Ongoing monitoring and management of the contract lifecycle.
• Quality Assurance: Work with suppliers to ensure products or services meet established quality standards and specifications.
• Risk Assessment: Identify potential risks in the supply chain and develop risk mitigation plans to ensure continuity of supply.
• Cost Reduction: Continuously seek opportunities to reduce costs through negotiation, process improvement, and supplier optimization.
What do you need? Must Haves
• Bachelor's degree in Business, Supply Chain Management, or a related field; relevant certifications are a plus.
• Minimum of 10+ years experience in procurement, sourcing, or supply chain management.
• Minimum of 4+ years of experience in a management/supervisory role • Knowledge of contract frameworks and contract management
• Knowledge of industry-specific regulations and compliance. • Strong ethics and integrity in supplier relationships.
• Background in Banking, financial institution, or fintech is preferred
• General understanding of risk, information security, business continuity/resumption, compliance, and legal
