Director – Strategic Sourcing

Job not on LinkedIn

🔥 0 minutes ago

🚗 Michigan – Remote

🚗 Michigan – Remote

💵 $144.4k - $249.3k / year

⏰ Full Time

🔴 Lead

🛒 Procurement

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Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Lead and build strategic sourcing category support across spend categories • Develop category strategies and plans to drive total cost of ownership savings and mitigate risk • Lead sourcing teams and cross-functional category initiatives • Develop and execute sourcing reporting and tracking mechanisms • Report on sourcing strategies and performance • Drive change management and supply/service continuity across cross-functional category teams • Define procurement requirements, SLAs/KPIs, and operational needs • Provide thought leadership and direction to Strategic Sourcing, Procurement, and Contract Management teams • Manage third-party risk through sourcing and contracting processes, contracts, governance, and controls • Partner with business units and senior leadership on strategic direction, supply requirements, and business objectives • Identify vendors for bidding, compare proposals to industry benchmarks, and negotiate contracts • Establish short- and long-range objectives, performance goals, and metrics for spend categories • Collaborate with Operations, Legal, TPM/SMEs, Tax, Finance, business units, and other stakeholders • Direct spend analysis to identify enterprise-wide relationship management and category-specific optimization opportunities • Lead analytical methods including TCO, commodity/service comparisons, risk profiles, quality considerations, benchmarking, and financial analytics • Assist business units with vendor problem, cause, and solution resolution • Manage special projects including OCC/Regulator audit, Internal Audit, Coupa CRA, Source-to-Pay alignment, Diversity and Inclusion reporting, and Bank M&A activity • Manage staff employment, performance evaluations, development/training, disciplinary actions, succession planning, and compliance

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) in Supply Chain Management, Finance, Accounting, Business Administration, or related field • 10+ years of supply chain management, contract negotiation, vendor management, and third-party management experience • Experience within a highly regulated environment for large-scale financial, banking, mortgage origination, or servicing organizations • Deep category knowledge in Technology, Banking Services, and/or Enterprise Support, including Risk, Finance, and Facilities/Corporate Real Estate • Master's Degree or postgraduate equivalent strongly preferred; JD, MBA, or MS preferred • Strong working knowledge of OCC, FFIEC, FRB, and/or other regulatory guidelines and requirements • Experience with strategic sourcing processes including market analysis, supplier identification, selection, negotiation, contracting, risk management, relationship management, financial management, performance management, and contract management • Experience with Coupa or other contract lifecycle management, sourcing, procurement, and/or ERP systems • Proficient to advanced skills with Excel, Word, PowerPoint, and Outlook • Ability to interact with bank officers, vendor account relationship managers, bank senior and executive-level individuals, and vendor principals/owners • Strong verbal and written communication, project management, analytical, problem-solving, multitasking, and leadership/management skills • Ability to organize, prioritize, and deliver timely results across multiple initiatives • Up to 20% travel • Ability to meet moderate physical demands including standing, sitting, walking, driving, and infrequent lifting • Must comply with applicable regulatory, compliance, federal, state, and local requirements

🏖️ Benefits

• Medical, dental, vision, life, and disability insurance • Comprehensive leave program • Variable incentives, bonuses, commissions, or other awards may be included in total compensation