Senior Strategic Sourcing Manager – Banking Industry

🔥 25 minutes ago

🌲 North Carolina – Remote

🌲 North Carolina – Remote

💵 $140.6k - $232k / year

⏰ Full Time

🟠 Senior

🛒 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

• Responsible for leading and building a best in class Strategic Sourcing function. • Developing strategy, policies and procedures. • Leading and directing a team of sourcing/category managers who specialize in one or more categories. • Establishing category plans for the collective group of spend categories to drive total cost of ownership savings. • Leading the development and execution of reporting and tracking mechanisms. • Reporting on sourcing strategies and performance. • Optimization of the S2P Coupa tool. • Driving cross-functional category teams in change management and supply/service continuity. • Defining procurement requirements, SLAs/KPIs,and operational needs. • Providing thought leadership and overall direction to the company with regards to its suppliers with the effective utilization of Strategic Sourcing, Procurement and Contract Management. • Charged with setting the strategic vision and direction of Strategic Supply Management in support of and alignment with Bank objectives. • Managing third-party risk through a consistently applied and sound managed sourcing/contracting process, effective contracts and corporate governance and controls. • Identifying key process needs and address changes needed to effectively support company strategies to manage consumption and demand in the context of controlling expenses for over $500 million in third-party spend.

🎯 Requirements

• High School Diploma, GED, or foreign equivalent required. • Bachelor’s Degree Preferred in Supply Chain Management, Accounting, Finance, or Business Administration. • 10 - 15+ years experience in supply chain management, contract negotiation, vendor management, and third-party management within a highly regulated environment for large scale financial/banking, mortgage origination/servicing organizations. • Ability to productively interact with internal and external levels of management that will include: senior bank officers, vendor account relationship managers, FSB senior and executive level individuals, and/or vendor principles and ownership. • Ability to work with key business partners and senior leadership to understand strategic direction, supply requirements and corporate business objectives and priorities. • Drive thought leadership across all Bank vendor spend and categories providing market and industry intelligence, innovation and best practices. • Ability to deliver consistent delivery of positive results to ensure strategic direction, operational, regulatory compliance, risk, cost and quality goals are achieved. • Strong working knowledge and experience with OCC, FFIEC and/or other regulatory guidelines and requirements. • Strong understanding and experience in highly effective supplier/third party management activities: 6- or 7-step Strategic Sourcing process including market analysis, supplier identification, selection, negotiation, contracting, risk management, relationship management, financial management, performance management and contract management. • Analytical and passionate in thinking and building vendor spend and opportunity analyses to drive meaningful cost savings across the Bank. • Demonstrated capability with excellent verbal and written communication skills, project management, strong analytical and problem-solving skills, multi-tasking in a fast-paced environment and general leadership/management skills. • Self-motivated, takes initiative and has the ability to effectively organize, multi-task, and prioritize a wide-array of initiatives and consistently deliver timely results. • Proficient to advanced skills with Excel, Word, PowerPoint and Outlook. • High integrity and ethics.

🏖️ Benefits

• medical, dental, vision, life, and disability insurance • comprehensive leave program