Sourcing Manager

Overview

This position sources, procures, and provides business support for cost-effective products and services from vendors for the Bank's internal clients. Delivers outstanding client service while fostering collaborative relationships. Provides innovative, timely, and accurate solutions aligned to the Bank's risk appetite. Conducts sourcing events (RFx) for products and services to meet the requirements of Bank business initiatives. Structures and negotiates terms and pricing for various services, software, hardware, staffing, consulting and outsourcing agreements required to support business needs and deliver cost savings Works collaboratively with the Third Party Risk Management ("TPRM") team to ensure contract terms align with risk management standards and regulatory expectations.
Responsibilities & Qualifications

Duties & Responsibilities:
Business Support - Develops a strong understanding of existing vendor contracts and services in support of each assigned business owner, establishing the role of trusted advisor.
Vendor Sourcing - Oversees sourcing events (RFx) conducted in support of business initiatives in order to contract for new products and services.
Contract Structuring and Negotiation - Structures and negotiates vendor contracts to align with Third Party Risk Management (TPRM) standards and regulatory expectations.
Relationships - Collaborates with TPRM on new products and services to address inherent risk in contract structuring and negotiation.
Price Negotiations - Delivers cost savings, price reductions, and cost avoidance opportunities for new and renewed contracts.
Qualifications:
Minimum Required Education and Experience: Bachelor's Degree and 8 years' experience OR High School Diploma or GED/Equivalent and 12 years' experience in Contract structuring and negotiation for services, software, staffing, software as a service, consulting, and outsourcing services contracts
Preferred Education:Bachelor's Degree
Preferred Area of Study:
Preferred Area of Experience:
Required Licenses or Certifications:
Preferred Licenses or Certifications:Certified Regulatory Vendor Program Manager - IO;Member of Contract and Commercial Management certification by the International Association for Contract and Commercial Management - IO;Certified Professional in Supply Management - IO
Additional Information

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