Principal Associate, Supplier Management

Jobtailor; Illinois; On-site; USD 70,000 - 110,000; Full time

Job summary

Capital One seeks a skilled professional to manage relationships with suppliers and third parties, overseeing governance, contract negotiation, and compliance across strategic sourcing initiatives.

The role involves partnering with business units, ensuring delivery against contractual obligations, and monitoring the external marketplace for value-generation opportunities. Travel may be required, and sponsorship is not provided.

Qualifications

• High School Diploma, GED or Equivalent Certification.
• At least 3 years of experience in Relationship Management, Supplier Management, Procurement, Project Management, Process Management, or a combination.
• Bachelor's degree or military experience (preferred).
• At least 4 years of experience in Procurement, Sourcing, Operations Management, or Risk Management (preferred).
• Limited travel may be required.
• Capital One will not sponsor a new applicant for employment authorization for this position.

Responsibilities

• Support creation and execution of strategic and innovative solutions for internal customers and identify value-generating opportunities, including savings, efficiencies, or revenue growth
• Negotiate basic contracts for a broad range of products and services
• Serve as a point of contact for third parties and manage governance between Capital One and assigned third parties
• Partner with business units and internal risk groups to ensure third-party relationships comply with relevant policies and procedures
• Monitor and ensure successful delivery against third-party contractual obligations
• Manage policy requirements for all managed third-party relationships
• Plan and lead periodic reviews and assessments of supplier relationships
• Maintain awareness of the external marketplace related to suppliers and perform basic sourcing activities where appropriate

Skills

Contract Negotiation

Sourcing

Process Management

Operations Management

Policy Management

Education

High School Diploma

GED

Equivalent Certification

Job description

• Support creation and execution of strategic and innovative solutions for internal customers and identify value-generating opportunities, including savings, efficiencies, or revenue growth


• Negotiate basic contracts for a broad range of products and services


• Serve as a point of contact for third parties and manage governance between Capital One and assigned third parties


• Partner with business units and internal risk groups to ensure third-party relationships comply with relevant policies and procedures


• Monitor and ensure successful delivery against third-party contractual obligations


• Manage policy requirements for all managed third-party relationships


• Plan and lead periodic reviews and assessments of supplier relationships


• Maintain awareness of the external marketplace related to suppliers and perform basic sourcing activities where appropriate

Requirements

• High School Diploma, GED or Equivalent Certification


• At least 3 years of experience in Relationship Management, Supplier Management, Procurement, Project Management, Process Management, or a combination


• Bachelor's degree or military experience (preferred)


• At least 4 years of experience in Procurement, Sourcing, Operations Management, or Risk Management (preferred)


• Limited travel may be required


• Capital One will not sponsor a new applicant for employment authorization for this position

Core Competencies

Demonstrates expertise in Relationship Management, Supplier Management, and Procurement, with a focus on ensuring compliance with policies and successful delivery of contractual obligations. Capable of identifying value-generating opportunities and managing third-party relationships effectively.

Highest-signal resume keywords

• Relationship Management


• Supplier Management


• Procurement


• Risk Management


• Project Management

ATS Optimization Keywords

Hard Skills

• Contract Negotiation


• Sourcing


• Process Management


• Operations Management


• Policy Management

Soft Skills

• Communication


• Collaboration


• Problem-Solving

Certifications & Qualifications

• High School Diploma


• GED


• Equivalent Certification

Industry Keywords

• Third-Party Governance


• Supplier Relationships


• Market Awareness


• Value Generation


• Efficiency Improvement