Head of Sourcing & Procurement (Hybrid)

Bancorp Bank; Foulk Woods (DE); Hybrid; USD 130,000 - 170,000; Full time

Job summary

The Bancorp Bank is seeking a strategic Sourcing and Procurement leader for a hybrid role based in Wilmington, Delaware. You will architect global sourcing strategies, manage IT vendor relationships, and drive cost savings while maintaining high standards of quality and compliance.

Responsibilities include leading vendor negotiations, developing procurement policies, and ensuring contract terms align with regulatory requirements.

Qualifications

• Strong working knowledge of legal and vendor contract terms and conditions.
• Excellent analytical and decision-making skills.
• Attention to detail and accuracy in work.
• Track record of delivering high-quality results.
• Ability to lead groups toward common goals.
• Excellent verbal and written communication; good interpersonal skills.
• No travel required.

Responsibilities

• Oversee IT vendor relationships to optimize cost and quality.
• Develop strategic purchasing plans and policy guidelines.
• Present cost, quality, and service data to senior leaders.
• Evaluate quotes and select top vendors; negotiate pricing.
• Guide managers on procurement standards and third-party controls.
• Monitor contract renewals, pricing, and performance metrics.
• Lead RFP/RFI processes and vendor evaluations.
• Manage contract repositories and approvals with internal partners.
• Ensure SLAs are met and issues resolved promptly.

Skills

Legal/vendor contract knowledge

Analytical skills

Attention to detail

Leadership

Verbal, written, interpersonal comms

Team player

Education

Bachelor's degree or equivalent

8 years of Sourcing and Procurement experience

Tools

Microsoft Office

Job description

The Bancorp Bank is seeking a strategic Sourcing and Procurement leader for a hybrid role based in Wilmington, Delaware. You will architect global sourcing strategies, manage IT vendor relationships, and drive cost savings while maintaining high standards of quality and compliance.

Responsibilities include leading vendor negotiations, developing procurement policies, and ensuring contract terms align with regulatory requirements.