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Citizens Bank Careers – Senior Sourcing Lead

Citizens Bank

Job Description:

The senior role within our Professional Services group will report to the Head of Professional Services Sourcing in Strategic Sourcing within Procurement. The Lead will drive cost savings initiatives, and consider the total cost of ownership across the Bank. The successful candidate will work closely with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships. The Incumbent will exhibit strong eye for business with a consistent track record for success within ground-breaking sourcing environments. The primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization.

Job Responsibilities:

  • Lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations; Ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework. Provide Category
  • Procurement subject matter expertise for the associated business/function; effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans.
  • Maintain close relations with the industry supply base and industry specialists with the objective to develop innovative solutions to complex problems.
  • Be responsible for all spend activity for assigned commodity and determine accurate action plan for all purchases that meet Procurement involve threshold.
  • Develop commodity strategies to achieve cost savings and improve quality and service levels by finding opportunities and sourcing strategies for strategic/sophisticated negotiations.
  • Proactively identify improvement opportunities for assigned category areas and recommend key actions; Utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure positive impact to the business

Job Requirements:

  • Strong consulting, project management and analytics skills with proven success in root cause analysis.
  • Knowledge of Ariba, Oracle, and advanced skills in Excel and PowerPoint.
  • MBA preferred
  • Shown success with building and progressing partner relationships at senior levels of the organization.
  • 7 or more years of significant experience in sourcing and contract negotiation, preferable in highly regulated industry (Financial Services preferred) including led services contracts and SaaS deals.

Qualification & Experience:

  • Bachelor’s degree in relevant field is required
  • Experience leading sophisticated sourcing engagements using standard methodology 7-step sourcing process (or equivalent) with advanced negotiation skills.

Job Details:

Company: Citizens Bank

Vacancy Type: Full-time

Job Functions: Purchasing

Job Location: Providence, RI, US

Application Deadline: N/A

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