Principal Associate, Supplier Management

Capital One; McLean (VA); On-site; USD 121,000 - 138,000; Full time

Job summary

Capital One is seeking a Principal Associate, Supplier Management in McLean, VA. The role focuses on managing relationships with key third parties and driving cost, risk, and performance improvements across the supply chain.

The position collaborates with internal teams to identify strategic opportunities for growth and ROI, while ensuring compliance with policies and procedures and supporting sourcing activities as needed.

Qualifications

• Experience in relationship and supplier management, procurement, and related work.
• Ability to coordinate with internal teams and external partners to meet goals.
• Understanding of risk management in third-party relationships.

Responsibilities

• Support the creation and execution of strategic solutions for internal customers to generate value.
• Negotiate basic contracts for a broad range of products and services for Capital One.
• Serve as the point of contact for third parties and manage governance between Capital One and suppliers.

Skills

Relationship Management

Supplier Management

Procurement

Project Management

Process Management

Education

Bachelor's degree

Military experience

Job description

At Capital One, our Enterprise Service Management (ESM) teams are seeking a Principal Associate, Supplier Management. 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 superior experiences for both internal and external clients.

As a Principal Associate, Supplier Management you will be responsible for the holistic relationship between Capital One and key third parties, enabling a well-managed and adaptable supply chain. You will work closely with internal team members establishing and maintaining relationships with internal business customers and assigned suppliers. This role is essential in the delivery of key cost, risk, and performance management-related efforts for third-party relationships, in addition to supporting the identification of strategic opportunities for growth and/or greater return on investment. If you enjoy connecting with others, collaborating on cross-functional teams and negotiating deals, we are looking for YOU. Come be a part of something special where you work with teams who appreciate your contributions and sharing your thoughts and ideas is encouraged.

Key responsibilities include:

• Teamwork & Strategic Support: Support the creation and execution of strategic and innovative solutions to support internal customers that can identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth).
• Negotiation: Ability to negotiate basic contracts for a broad range of products and services for Capital One
• Relationship Management: Serve as a point of contact for third parties and manage an effective governance between Capital One and assigned third parties.
• Collaboration: Ability to partner with business unit(s) and internal risk group(s) to ensure third party relationships are compliant with all relevant policies and procedures.
• Risk Management: Monitor and ensure successful delivery against third party contractual obligations
• Process Management: Accountable for policy requirements for all managed third-party relationships. Plan and lead periodic reviews and assessments of supplier relationships.
• Supplier Sourcing: Maintain awareness of external marketplace as it relates to your suppliers and perform basic sourcing activities where appropriate

Note: Limited travel may be required.

Basic 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 of these

Preferred Qualifications:

• Bachelor's degree or military experience
• At least 4 years of experience in Procurement, Sourcing, Operations Management, or Risk Management

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Sales Territory: $109,900 - $125,400 for Principal Assoc., Supply Chain

McLean, VA: $120,800 - $137,900 for Principal Assoc., Supply Chain

Richmond, VA: $109,900 - $125,400 for Principal Assoc., Supply Chain

Riverwoods, IL: $109,900 - $125,400 for Principal Assoc., Supply Chain

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.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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 [e-mail]. 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 [e-mail]

Capital 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).