Director, Strategic Sourcing

Richemont, one of the world leaders in the luxury sector, has various Houses specializing in jewelry, watches and high-end accessories. Each Maison proudly embodies a tradition of style, quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them. At the same time, we are committed to innovating and designing new products in line with the values of our Houses, through a process of permanent creativity.

At Richemont Americas, we aspire to reflect the ever-changing world around us. We are proud to employ talent from many different backgrounds, experiences, and identities to build a continually evolving, inclusive community where the diversity of our colleagues and clients is rich and celebrated. We believe when inclusion is fully embraced and empowered, creativity and knowledge emerge to deliver excellence, advancing the community that is uniquely Richemont Americas.

Director, Strategic Sourcing

Procurement | New York, NY

Reports to: AVP, Strategic Sourcing

Role Overview

The Director for Strategic Sourcing, reporting to the Regional Strategic Sourcing AVP, partners closely with Richemont Americas Maisons and leadership to drive sourcing strategies that optimize indirect sourcing and procurement compliance across the region, contributing to Richemont business objectives.

This position is responsible for enhancing a sourcing foundation within the Americas region, while aligning with procurement policy, best practices, and sustainability ambitions. In addition, this position will support Richemont HQ in implementing global sourcing in strategies within the Americas' region.

Responsibilities

Sourcing Optimization:

• Serve as a trusted strategic advisor to senior leadership, leveraging deep sourcing expertise to inform critical business decisions
• Lead and contribute to high-priority HQ strategic initiatives, delivering critical reporting and actionable insights across key areas such as inflation analysis, tariff risk mitigation, supply chain resilience, diversity in procurement, and comprehensive spend/cost optimization.
• Develop region-wide programs to drive deep sourcing within the organization; thought leader in sourcing activities across the organization, fostering a vision for a best-in-class sourcing team
• Develops and executes a multi-year category strategies targeting 5-12% total cost reduction annually
• Lead the development and execution of innovative sourcing strategies for high-value, greenfield categories, particularly Capital Projects, to realize substantial and sustainable cost savings and optimize value
• Partner with key stakeholders to develop sourcing strategies and plan for key spend categories (specifically marketing services, and client and retail environment), in line with Richemont global strategies, policies and processes
• Build up and animate expertise in key categories, including spend analysis, business requirements, market knowledge, value chains and cost structure, risks, compliance and regulation, and sustainability; lead the application of Total Cost of Ownership (TCO) and value engineering frameworks within category strategies
• Collaborate closely with FP&A to understand pipeline projects and partnership opportunities for impactful savings and effective category strategies
• Own savings tracking end-to-end - from pipeline identification through finance-validated realization
• Partner with Finance to ensure procurement savings are accurately aligned to P&L impact and integrated into budget planning cycles

Supplier Selection and Management:

• Lead the development and regional implementation of a comprehensive responsible sourcing strategy, ensuring seamless alignment with global HQ principles and translating strategic vision into actionable, impactful initiatives across the region
• Lead the strategic development and expansion of advanced supplier engagement programs, encompassing preferred supplier frameworks, fostering innovation partnerships, and implementing robust performance remediation processes to maximize supplier value
• Maintain strong relationships with key suppliers and conduct supplier reviews in collaboration with the business, procurement teams, legal and sustainability teams
• Manage supplier performance reviews including remediation, re-negotiations, and continuous improvement

Sourcing Excellence:

• Lead, mentor, and develop a high-performing team of sourcing professionals across the regional team, fostering a culture of excellence through continuous feedback, coaching, motivation, and skills development
• Serve as sourcing and procurement subject matter expert, advising the Maison on procurement strategies, processes, policies, and best practices
• Strategically partner with the finance team to ensure robust alignment on procurement strategy, proactively identify savings opportunities, and drive optimization projects that deliver significant financial value
• Strategically oversee and manage external resources supporting procurement operations, ensuring optimal performance, seamless integration, and strict adherence to Richemont's policies and compliance standards
• Work closely with Global Procurement teams to achieve Sourcing/Procurement alignment and capture global partnership synergies; lead projects to enhance regional Procurement efficiencies
• Manages large/complex projects across the region and at time collaboratively work with third-party consultants to execute on various project deliverables
• Continuously develop and advance Procurement by incorporating efficiencies and new ways of working into the existing business processes
• Contribute to the establishment and maintenance of sourcing playbooks, governance frameworks, and standard operating procedures for the region
• Lead continuous improvement initiatives specifically aimed at reducing sourcing cycle time and enhancing stakeholder satisfaction.
• Actively drive the adoption and utilization of AI-assisted sourcing tools and platforms (e.g., for spend analytics, RFx generation, contract intelligence) to enhance procurement efficiency

Sustainable Procurement:

• Partner with Legal and Compliance teams to establish and execute internal controls, supplier risk management frameworks, driving proactive risk mitigation and ensuring adherence to policies and regulations
• Ensure suppliers comply with Richemont Supplier Code of Conduct and with other compliance requirements; lead efforts to survey, audit, and assess suppliers in partnership with internal stakeholders

Qualifications

Requirements:

• Degree in Sourcing, Procurement, Finance, Business Administration or related field
• 8+ years' experience in procurement or consulting

• Project management skills combined with an ability to work as part of a cross-functional team; RNA has a matrix structure where working across Maisons and Functions is required
• Demonstrated skillset in people management, including candidate interviews/selection and performance management
• Lead complex multi-million-dollar region-wide projects, vendors, operations, and processes to continually identify RFx opportunities for value creation. Develop and implement a procurement strategy based on the identified opportunities
• Experience in indirect and direct sourcing is preferred
• Experience in successful vetting of vendors
• Experience in the luxury industry, as well as the consumer retail (including e-commerce) and wholesale distribution channels is a plus
• Strong Microsoft Office suite skills, proficiency in Excel and PowerPoint
• French written and verbal is a plus

Key Experiences & Competencies:

• Detailed oriented person, motivated in a fast-paced environment managing multiple activities; Ability to work independently as well as in a team and complete assignments within established deadlines
• High level of integrity and dependability with a strong sense of urgency; Results-orientated with a strong track record of overall execution; Continually striving for improvement and efficiency
• Flexibility to adapt quickly to changing circumstances; Comfortable working proactively in a challenging environment and capable of prioritizing with execution in a timely manner
• Ability to cultivate/maintain strong collaborative working relationships with the Maisons, Functions, multiple corporate levels, external contacts and third-party partners
• Proactively troubleshoot with an ability to gather/analyze data from numerous sources, and interpret results into actionable steps supported by an analytical approach
• Excellent written and verbal communication, especially pertaining to vendor relationships, negotiations, internal/external communications; Proven ability to influence others and drive meaningful improvements coupled with strong presentation skills

Richemont offers a generous compensation and benefits package for eligible employees. Only candidates selected for further consideration will be contacted.

We Offer - United States

Employee wellbeing is a top priority at Richemont. We offer a comprehensive benefits program to support employees and their loved ones. Our core benefits include medical, dental, and vision programs. Health savings and flexible spending accounts are also available. The company offers income protection solutions including life insurance, disability benefits, and 401(k) with employer match. Understanding the importance of work-life balance, our total rewards include paid time off, a wellness reimbursement benefit, and access to the employee assistance program. Employees are encouraged to make a difference in their local communities with volunteer days off, supporting initiatives that drive change.

At Richemont, We Craft the Future!

Expected Salary Range: $175,000 - 195,000

Salary will be determined based on relevant skills and experience.

#Richemont #WeCraftTheFuture