Strategic Sourcing Principal

🕒 May 24

🧀 Wisconsin – Remote

🧀 Wisconsin – Remote

💵 $102.2k - $175.2k / year

⏰ Full Time

🔴 Lead

🛒 Procurement

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Associated Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1874

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Associated Bank is a Midwestern bank offering a wide array of banking services, including personal, business, and commercial banking. It provides features like digital banking, retirement plans, brokerage accounts, and wealth management services. The bank emphasizes community involvement and sustainability, investing significantly in initiatives such as affordable housing and economic development. Known for its Midwest-based customer care, Associated Bank operates hundreds of branches in Illinois, Minnesota, and Wisconsin, and provides various online and mobile banking solutions.

📋 Description

• Lead complex, enterprise-wide strategic sourcing initiatives from category strategy development through supplier selection and contract execution. • Develop sourcing strategies that drive cost savings, operational value, and risk mitigation aligned with business priorities. • Partner with senior business leaders, Finance, Legal, Risk, and Compliance teams to influence sourcing decisions and achieve optimal outcomes. • Negotiate complex commercial agreements, including pricing structures, service levels, contractual terms, and risk provisions. • Manage strategic supplier relationships to improve performance, governance, issue resolution, and long-term value delivery. • Ensure sourcing activities and supplier agreements comply with procurement policies, regulatory requirements, and internal controls. • Mentor and guide sourcing professionals by sharing expertise, negotiation strategies, and procurement best practices. • Prepare and present sourcing recommendations, negotiation outcomes, and business cases to executive leadership.

🎯 Requirements

• Bachelor’s degree or equivalent combination of education and experience. • 7+ years of experience leading complex strategic sourcing initiatives across multiple spend categories. • 7+ years of experience developing sourcing strategies that deliver measurable savings, value optimization, and risk mitigation. • 7+ years of experience leading commercial negotiations involving pricing, contracts, service levels, and risk provisions. • 7+ years of experience advising senior business stakeholders on sourcing strategy and procurement best practices. • 6+ years of experience ensuring sourcing activities comply with enterprise policies, regulatory requirements, and internal controls. • 5+ years of experience partnering with Finance to track savings and value realization from sourcing initiatives. • 5+ years of experience presenting sourcing strategies and recommendations to senior leadership. • Preferred Bachelor’s degree in Business Administration, Supply Chain Management, Finance, Economics, or a related field. • 5+ years of experience leading enterprise-critical sourcing initiatives with significant financial or operational impact. • 4+ years of experience working within a mature procurement organization with Strategic Sourcing and Procurement Operations functions. • 4+ years of experience mentoring sourcing professionals on negotiations, stakeholder engagement, and sourcing strategy. • 3+ years of experience improving procurement policies, governance frameworks, or sourcing processes. • 3+ years of experience working in a highly regulated industry such as banking, healthcare, insurance, or financial services.

🏖️ Benefits

• Retirement savings including both 401(k) and Pension plans. • Paid time off to volunteer in your community. • Opportunities to connect with others through our diversity-focused Colleague Resource Groups. • Competitive salaries with professional development and advancement opportunities. • Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more. • Personal banking, loan, investment and insurance benefits.