Principal Associate, Sourcing Manager
Capital One
Principal Associate, Sourcing Manager
Job Description
Overview
At Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate, Sourcing Manager to join our Enterprise Supplier Management (ESM) Team! In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver experiences for both internal and external clients. This Sourcing position will develop strategy for and execute high risk and high impact procurement efforts across the company. This is an individual contributor role. Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Marketing related services, Professional Services, IT related Services.The selected candidate will have experience in strategic sourcing – ideally in the technology or financial services industry. He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate complex agreements.Responsibilities:Analyze external industry trends and benchmarks, as well as develop and share market insights
Clearly articulates cost drivers and pricing analysis for strategy formulation. Leads the development of make–versus-buy strategies
Leads innovative sourcing methods - balance cost, speed, and quality based on internal customer needs
Build strong internal and external relationships, understand the procurement parameters and look for new opportunities
Consult with internal clients and business partners to identify opportunities to drive cost savings and efficiency in the supply chain
Build buy in and communicate across multiple levels of the organization and across multiple lines of business
Manage multiple projects concurrently in an autonomous environment
Develop and implement procurement strategies including RFx, eSourcing, direct negotiations, etc.
Use procurement software tools
Support the development and execution of category strategies
Support the negotiation of commercial terms for large contracts
Develop communications and presentations at the Executive level
At least 3 years of experience in sourcing and procurement
At least 2 years of experience in risk management
At least 2 years of experience in negotiating supplier agreements
Bachelor's Degree or Military Experience
5+ years of experience in outsourcing and procurement
4+ years of experience in risk management
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.comCapital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Locations
- McLean, Virginia, United States
- Chicago, Illinois, United States
- Richmond, Virginia, United States
- Wilmington, Delaware, United States
- Plano, Texas McLean, VirginiaRichmond
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- strategic sourcingintermediate
- procurement methodologyintermediate
- analyticsintermediate
- negotiationintermediate
- risk managementintermediate
- communication and influenceintermediate
- market analysisintermediate
Required Qualifications
- At least 3 years of experience in sourcing and procurement (experience)
- At least 2 years of experience in risk management (experience)
- At least 2 years of experience in negotiating supplier agreements (experience)
- Bachelor's Degree or Military Experience (preferred) (experience)
- 5+ years of experience in outsourcing and procurement (preferred) (experience)
- 4+ years of experience in risk management (preferred) (experience)
Responsibilities
- Analyze external industry trends and benchmarks, develop and share market insights
- Articulate cost drivers and pricing analysis, lead make-versus-buy strategies
- Lead innovative sourcing methods balancing cost, speed, and quality
- Build internal and external relationships, identify new opportunities
- Consult with clients to drive cost savings and efficiency
- Manage multiple projects concurrently
- Develop and implement procurement strategies including RFx, eSourcing, negotiations
- Support negotiation of commercial terms for large contracts
Benefits
- general: comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Associate, Sourcing Manager @ Capital One.
Related Books and Jobs
Principal Associate, Sourcing Manager
Capital One
Principal Associate, Sourcing Manager
Job Description
Overview
At Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate, Sourcing Manager to join our Enterprise Supplier Management (ESM) Team! In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver experiences for both internal and external clients. This Sourcing position will develop strategy for and execute high risk and high impact procurement efforts across the company. This is an individual contributor role. Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Marketing related services, Professional Services, IT related Services.The selected candidate will have experience in strategic sourcing – ideally in the technology or financial services industry. He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate complex agreements.Responsibilities:Analyze external industry trends and benchmarks, as well as develop and share market insights
Clearly articulates cost drivers and pricing analysis for strategy formulation. Leads the development of make–versus-buy strategies
Leads innovative sourcing methods - balance cost, speed, and quality based on internal customer needs
Build strong internal and external relationships, understand the procurement parameters and look for new opportunities
Consult with internal clients and business partners to identify opportunities to drive cost savings and efficiency in the supply chain
Build buy in and communicate across multiple levels of the organization and across multiple lines of business
Manage multiple projects concurrently in an autonomous environment
Develop and implement procurement strategies including RFx, eSourcing, direct negotiations, etc.
Use procurement software tools
Support the development and execution of category strategies
Support the negotiation of commercial terms for large contracts
Develop communications and presentations at the Executive level
At least 3 years of experience in sourcing and procurement
At least 2 years of experience in risk management
At least 2 years of experience in negotiating supplier agreements
Bachelor's Degree or Military Experience
5+ years of experience in outsourcing and procurement
4+ years of experience in risk management
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.comCapital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Locations
- McLean, Virginia, United States
- Chicago, Illinois, United States
- Richmond, Virginia, United States
- Wilmington, Delaware, United States
- Plano, Texas McLean, VirginiaRichmond
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- strategic sourcingintermediate
- procurement methodologyintermediate
- analyticsintermediate
- negotiationintermediate
- risk managementintermediate
- communication and influenceintermediate
- market analysisintermediate
Required Qualifications
- At least 3 years of experience in sourcing and procurement (experience)
- At least 2 years of experience in risk management (experience)
- At least 2 years of experience in negotiating supplier agreements (experience)
- Bachelor's Degree or Military Experience (preferred) (experience)
- 5+ years of experience in outsourcing and procurement (preferred) (experience)
- 4+ years of experience in risk management (preferred) (experience)
Responsibilities
- Analyze external industry trends and benchmarks, develop and share market insights
- Articulate cost drivers and pricing analysis, lead make-versus-buy strategies
- Lead innovative sourcing methods balancing cost, speed, and quality
- Build internal and external relationships, identify new opportunities
- Consult with clients to drive cost savings and efficiency
- Manage multiple projects concurrently
- Develop and implement procurement strategies including RFx, eSourcing, negotiations
- Support negotiation of commercial terms for large contracts
Benefits
- general: comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Associate, Sourcing Manager @ Capital One.
Related Books and Jobs