Senior Category Sourcing Manager

Deutsche Bank; New York (NY); Hybrid; USD 125,000 - 198,000; Full time

Benefits offered by this job

Hybrid work model

Generous vacation days

Retirement savings plans

Parental leave and family building

Job summary

Deutsche Bank in New York seeks a Senior Category Sourcing Manager to lead strategic sourcing initiatives across Banking Services categories. You will develop long-term plans, manage complex sourcing events, and negotiate with suppliers in a hybrid work model in NYC.

Ideal candidates bring extensive procurement experience, robust negotiation skills, and the ability to collaborate with senior stakeholders across multiple divisions while driving cost reductions and process improvements.

Qualifications

• Extensive experience in Procurement or similar function.
• Banking experience is highly regarded.
• Strong negotiations skills and experience.
• Experience with demand / consumption management and modeling techniques.

Responsibilities

• Lead the development of annual and medium-term strategic sourcing plans with expected savings and timelines.
• Lead category-based sourcing processes for current and future needs.
• Manage complex sourcing deals, driving supplier selection and negotiation.
• Lead cross-functional teams across business lines, legal, and finance to deliver sourcing solutions.

Skills

Procurement strategy

Stakeholder management

Negotiation

Sourcing analytics

AI tools for productivity

Communication

Team leadership

Job description

Job Title Senior Category Sourcing Manager

Corporate Title Vice President

Location New York

Overview

Global Procurement provides support to Deutsche Bank’s business and infrastructure divisions globally. You will engage with stakeholders to understand business requirements, develop sourcing strategies and plans, and execute sourcing events (e.g. RFPs) to create value for the Bank. You will be a member of the Banking Services category management team supporting Investment Bank, Corporate Bank, Private Bank, and Infrastructure divisions.

Main Product areas that we actively engaged include Front Office Sales and Trading, Clearing, Settlement and Execution Services, Digital Custody Services, Payments – Cards, Payment Gateways, Online Banking, Loan servicing, shareholder servicing, HW, SW and Maintenance supporting banking and brokerage functions and Wealth Management banking, custody and brokerage

The Senior Category Sourcing Manager will need to have the aptitude to operate in this varied and often complex environment, with an ability to develop solutions to problems, with a self-led approach and strong communications skills.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs

What You’ll Do

• Lead the development of annual and medium-term strategic plans. Identifies specific sourcing projects/initiatives for the year including expected savings, resource requirements and associated timescales for completion
• Lead the execution and support the development of Category-based sourcing processes for assessing and fulfilling current and future sourcing needs
• Actively support knowledge management. Continually scan the category and industry environment to gather insights
• Manage complex sourcing deals, driving the supplier selection and negotiation process for key sourcing events

How You’ll Lead

• Develop strong, productive working relationships with clients at a senior level
• Manage programs, people, and change; as commercial lead and / or commercial advisor on sourcing deals, lead and influence programs and people to produce desired changes and transformation
• Lead cross-functional teams spanning the Business line, legal, finance, and other Deutsche Bank functional areas. Depending on the size, scope, and timeline of the deal, lead and / or support peers in global procurement in delivering the solution

Skills You’ll Need

• Extensive experience in Procurement or similar function
• Banking experience is highly regarded
• Strong negotiations skills and experience
• Experience with demand / consumption management, understanding of modeling techniques to monitor and adjust strategies dynamically
• Experience with providing aggressive reductions in the non-comp expense base through procurement and process reengineering by identifying and driving cost reductions, supplier consolidation, service delivery improvements, process efficiencies and risk mitigation
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Self-organized, strategic thinker as well as an “executer” with emphasis on getting things done in right quality and on time
• Strong team player, able to work in virtual, global teams in a dual reporting matrix organization
• Strong communication, influencing and presentation skills (written/verbal for contract negotiations)
• High energy, flexible and with the ability to work in a fast-paced and global business environment

It is the Bank’s expectation that employees hired into this role will work in the New York City office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $125,000 to $198,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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