Sourcing Lead
$97k - $125kCitizens
Citizens is currently in the process of delivering a transformed sourcing experience to the business. In the role as a Sourcing Lead, you will be armed with key spend data, forward looking market intelligence and a fully integrated source to pay process, enabling you to be a strong strategic partner with business line executives. This will help you drive shorter cycle times, increased market intelligence, higher level strategic discussions and increased savings opportunities. The Sourcing Lead will report to the Sourcing Team Manager in Strategic Sourcing within Procurement. The Lead will drive cost savings initiatives for the assigned commodity and consider the total cost of ownership across Citizens. The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships. The Sourcing Lead will exhibit strong business acumen and understanding of the financial services industry. The primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization. Primary responsibilities include * Assist in the development of commodity strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations. * Oversee all spend activity for assigned commodity and determine proper action plan for all purchases that meet Procurement involve threshold. * Join and potentially lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations; ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework. * Provide Category Procurement subject matter expertise for the associated business/function; effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans. * Maintain current with the industry supply base and industry trends with the objective to develop innovative solutions to complex problems. * Proactively identify improvement opportunities for assigned category areas and recommend key actions; utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure demonstrated impact to the business. Required Qualifications * 2+ years of progressive experience in Contract negotiation, vendor management and strategic sourcing. * Demonstrated experience leading complex negotiations and enterprise-wide sourcing initiatives.
- Strong commercial acumen and financial modeling capability.
- Advanced analytical skills with the ability to translate data into actionable
- Structured, organized, and methodical planning skills.
- Executive-level communication and presentation skills.
- Experience in financial services or other regulated industries.
- Knowledge of third-party risk management frameworks and regulatory
- Experience managing large, complex spend portfolios.
- MBA or professional certification (CPSM, CIPS, or similar).
- Strategic thinking and long-term planning
- Negotiation and influencing skills
- Financial and analytical rigor
- Risk-aware decision making
- Stakeholder management and executive presence
- Change leadership in matrixed environments
- 40 hours per week
- Monday – Friday
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