Director - Strategic Sourcing

Director - Strategic Sourcing

Location:

Troy, MI 48098

Responsible for leading and building best in class strategic sourcing category support which includes: developing strategy; leading and directing teams in support of categories; establishing category plans for the collective group of spend categories to drive total cost of ownership savings; risk mitigation; leading the development and execution of reporting and tracking mechanisms; reporting on sourcing strategies and performance; driving cross-functional category teams in change management and supply/service continuity;

defining procurement requirements, SLAs/KPIs and operational needs. Provides thought leadership and overall direction to Sourcing teams with regards to its suppliers with the effective utilization of Strategic Sourcing, Procurement and Contract Management. Charged with implementing the strategic vision and direction of Strategic Supply Management in support of and alignment with Bank objectives. Will have a keen focus on effectively managing third-party risk through a consistently applied and sound managed sourcing/contracting process, effective contracts and corporate governance and controls.

Is expected to have a broad organizational impact in 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 specific categories as a component of tens to hundreds of millions in third-party spend.

• Business Line Support
• Identifying savings opportunities
• Analytical reporting
• Problem resolution
• Special Projects
• Employee / Staff Mgmt

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance training. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications:

• Education level required:
  Undergraduate Degree (4 years or equivalent) in Supply Chain Management, Finance, Accounting, Business Administration or related field.
• Minimum experience required: 10+ Years 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.
• Specific and deep category knowledge and experience in either Technology, Banking Services, and/or Enterprise Support including Risk, Finance and Facilities/Corporate Real Estate.

Preferred Qualifications:

• Education level preferred:
  Master's Degree (or Postgraduate equivalent) Graduate Degree strongly preferred (JD, MBA, MS)

• Strong working knowledge and experience with OCC, FFIEC, FRB 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.
• Experience with Coupa or other Contract Lifecycle Management, Sourcing, Procurement and/or ERP related systems and tools.
• Proficient to advanced skills with Excel, Word, Powerpoint and Outlook.
• Ability to productively interact with internal and external levels of management that will include:
  Bank officers, vendor account relationship managers, Bank 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 for 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.
• Ability to use best judgment and discretion in solving issues and/or satisfying overall Bank together with stakeholder needs when corporate policy and procedures appear absent or silent on the issue(s).
• 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.
• Understands the importance of relationships to enable effective teamwork. Modifies personal style, focuses on…