Director - Strategic Sourcing

About this role

Position Title Director - Strategic Sourcing Location Troy, MI 48098 Job Summary 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. Job Responsibilities: JOB RESPONSIBILITIES • Business Line Support: Work with key business partners and senior leadership to understand strategic direction, supply requirements and corporate business objectives and priorities. Drive thought leadership in categories providing market and industry intelligence, innovation and best practices to include negotiating & managing contracts. This position is responsible for the strategic sourcing of vendors by identifying vendors for bidding procedures to drive the best possible commercial outcome for the Bank and for negotiations when single-sourced opportunities require negotiation. This includes comparing vendor proposals to industry benchmarks and assisting the business unit in producing market studies to justify price and vendor selection.  Plans, develops, directs, and implements complex business strategies through the establishment of short/long-range objectives, change management, performance goals, and metrics for each spend category. Collaborates with Operations, Legal, TPM/SMEs, Tax, Finance, the Business Units, and other stakeholders as needed to champion enterprise wide cross-functional sourcing initiatives. • Identifying savings opportunities : Responsible for optimizing committed spends on behalf of the company by directing spend analysis across commodity categories and working with various business units throughout the Bank to proactively identify opportunities for enterprise-wide relationship management and commodity specific optimization of spend. • Analytical reporting : Lead the utilization of appropriate analysis methods used in the decisioning process that helps to decipher and determine vendor consideration, selection and performance. e.g. Total Cost of Ownership (TCO), commodity or service matrix comparisons, risk profiles and quality considerations. Assures proper analysis and application of internal and external industry specific research information to determine Bank direction in designated categories including reasons for pricing increases and/or decreases. Conducts benchmarking, financial and business analytics for long range pricing and buy rationalizations. • Problem resolution : Assist the business unit in problem, cause & solution resolution and to assist where appropriate in solving and or mitigating problems and problems associated with vendors, their services and products. • Special Projects : Special projects and program management as assigned which will include: OCC/Regulator audit, Internal Audit, Coupa CRA, alignment with end-to-end Source to Pay, Diversity and Inclusion activity reporting, and Bank M&A activity • Employee / Staff Mgmt : Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES • 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.

JOB REQUIREMENTS

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)

Job Competencies: • 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, perf

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