VP Sourcing and Procurement; Hybrid

VP Sourcing and Procurement (Hybrid)

Job Location

US-DE-Wilmington | US-SD-Sioux Falls

Type Full Time

*** This position is available as a hybrid position in our Wilmington, DE or Sioux Falls, SD office.***

Provides strategic leadership, direction, and oversight of all sourcing, vendor management, and procurement functions. Responsible for developing global sourcing strategies, optimizing supplier relationships, ensuring compliance with regulatory and corporate policies, and achieving cost savings while maintaining high standards of quality, risk management, and service delivery. Aligns closely with Third Party Risk Management, Legal, Compliance, Business Lines, Finance, HR, Operations, Facilities, and Information Technology.

Essential Functions

Manages vendor relationships, specifically IT vendors, to ensure a quality and cost-effective IT purchasing function. Works with business line owners to manage each relationship, ensuring that multiple departments use similar vendors to obtain the best pricing and services for the organization. Consolidates vendor services as needed with internal business heads.

Education/Experience Requirements

• Bachelor's degree or an equivalent combination of training and experience.
• 8 years of Sourcing and Procurement experience.

Preferred Qualifications

• Strong working knowledge of legal and contract terms and conditions.
• Excellent analytical and decision-making skills.
• Demonstrates a high level of attention to detail.
• Consistent track record of producing high quality results.
• Ability to lead groups people toward common goals.
• Excellent verbal, written, and interpersonal communication skills.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
• No travel required.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information:

Company Culture at The Bancorp Bank:

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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Required

Preferred

Job Industries

• Other