Sourcing Category Manager

  • Job type

  • Location

  • Profession

    Projects & Change Management
  • Industry

    Banking & Financial Services
  • Pay


Sourcing Category Manager – Contract or CTP – Raleigh, NC – $60.00-$90.00/hr.

The final salary or hourly wage, as applicable, paid to each candidate/applicant for this position is ultimately dependent on a variety of factors, including, but not limited to, the candidate’s/applicant’s qualifications, skills, and level of experience as well as the geographical location of the position.

The end client is unable to sponsor or transfer visas for this position; all parties authorized to work in the US without sponsorship are encouraged to apply.

Our client is seeking a Sourcing Category Manager in Raleigh, NC.

Role Description

This position reports to the SVP – Sourcing, Procurement Operations and Supplier Management and is responsible for the strategic sourcing and supplier management of spend categories in the Operations and Non-IT Business Services areas (e.g., Lending, ATM Cash Services, Card Services, Branch Offices, Facilities & Property Management, Accounting & Finance, HR, Marketing, Legal, Risk Management, Enterprise Project Management Office, etc.) to ensure best in class contract terms, competitive pricing, and supplier relationship management practices are in place for the company. Includes responsibility for contract reviews, negotiation, and supplier relationship & performance management processes, to ensure benefits and expected outcomes of the products and services are realized, with a focus on optimizing total costs.

• Utilize Strategic Sourcing Process (SSP) Methodology and robust Supplier Relationship Management (SRM) practices and tools to source and manage the assigned spend categories.

• Lead, supervise and develop a team of Sourcing Analysts.

• Work with internal teams to understand overall requirements and assumptions related to new engagements to ensure the contractual obligations are aligned.

• Leads RFP engagements, understanding project requirements, evaluating potential bidders, and creating the RFP package for submission, reviews supplier submittals, and proactively takes steps in the negotiation process to mitigate risk and guarantee performance by the suppliers.

• Partner with Business Owners, Third Party Rik Management (TPRM) and Legal to establish standards for contract language, supplier negotiations, overall management, and dispute resolution. Ensures all agreements are reviewed and approved by Legal.

• Review of new and existing contracts, agreements for assigned categories, and statements of work to achieve optimal terms and pricing as well as mitigate overall risk and ambiguity.

• Leads all phases of contracts from initiation, negotiations, maintenance, and regular review, proactively driving performance and cost optimization.

• Ability to interpret contractual language, perform risk mitigation and communicate with internal stakeholders, project, and operational support teams.

• Develops relationships with Business Owners and engages appropriate stakeholders to result in maximum benefit for the entire contract portfolio and to become recognized as a strategic business partner and gain a seat at their table.

• Works with Business Owners to establish standards for company, product, service, and integration protocols.

• Ensures that agreements include appropriate warranty periods and performance guarantees. Ensures that SLAs are well documented and can be accurately tracked. Reviews contractual obligations with internal teams and supplier to ensure responsibilities are known, documented, and agreed to by both parties.

• Ensures documents and agreements are filed appropriately and ensures stakeholders understand scope, risks, termination clauses and performance guarantees.

• Leads change requests and is point of escalation for contractual ambiguity or disputes. Research contractual terms and provides interpretation of contractual language supporting the dispute. Works directly with supplier to resolve dispute and escalate to internal management as needed.

• Proactively manages all contracts to ensure maintenance of contract term dates, renewal clauses, termination details and non-disclosure agreement dates, issues and escalations with status and resolution dates.

• Develop timelines for contractual reviews based on complexity and provide overall status of contract reviews and escalations.

• Leverage interpersonal relationship strengths to manage disputes and drive change in supplier behaviors.

• Works effectively with cross-functional senior management teams to find opportunities for improved supplier/contract management and drives continuous process improvement

Skills & Requirements

• Minimum 10 years professional experience as a Sourcing Manager at a financial institution.

• Bachelors degree required

• Experience in contract negotiation software (they use CONGA) anything will do and

• Experience in spend management tools (they use Ariba, Zycus, Bravo Solution Analysis and Reports)

• Experience in procurement resource planning tools (they use WorkDay, Scout, SAP/Oracle) and

• Project Management experience

Benefits/Other Compensation

This position is a contract/temporary role where Hays offers you the opportunity to enroll in full medical benefits, dental benefits, vision benefits, 401K and Life Insurance ($20,000 benefit).

Why Hays?

You will be working with a professional recruiter who has intimate knowledge of the industry and market trends. Your Hays recruiter will lead you through a thorough screening process in order to understand your skills, experience, needs, and drivers. You will also get support on resume writing, interview tips, and career planning, so when there’s a position you really want, you’re fully prepared to get it.

Nervous about an upcoming interview? Unsure how to write a new resume?

Visit the Hays Career Advice section to learn top tips to help you stand out from the crowd when job hunting.

Hays is committed to building a thriving culture of diversity that embraces people with different backgrounds, perspectives, and experiences. We believe that the more inclusive we are, the better we serve our candidates, clients, and employees. We are an equal employment opportunity employer, and we comply with all applicable laws prohibiting discrimination based on race, color, creed, sex (including pregnancy, sexual orientation, or gender identity), age, national origin or ancestry, physical or mental disability, veteran status, marital status, genetic information, HIV-positive status, as well as any other characteristic protected by federal, state, or local law. One of Hays’ guiding principles is ‘do the right thing’. We also believe that actions speak louder than words. In that regard, we train our staff on ensuring inclusivity throughout the entire recruitment process and counsel our clients on these principles. If you have any questions about Hays or any of our processes, please contact us.

In accordance with applicable federal, state, and local law protecting qualified individuals with known disabilities, Hays will attempt to reasonably accommodate those individuals unless doing so would create an undue hardship on the company. Any qualified applicant or consultant with a disability who requires an accommodation in order to perform the essential functions of the job should call or text 813.336.5570.

Drug testing may be required; please contact a recruiter for more information.


Apply for this job