Sr Sourcing Lead

Citizens Bank; Johnston (RI); On-site; USD 123,000 - 161,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Retirement benefits

Education reimbursement

Wellness programs

Flexible work arrangements

Job summary

Citizens Bank is seeking a Senior Sourcing Lead to partner with Real Estate, Facilities & Retail Network categories. You will drive cost savings using market intelligence and a full source-to-pay process, aligning with executives to create value.

The role emphasizes strategic negotiations, data-driven insights, and a collaborative approach across business lines to achieve savings and optimize total cost of ownership.

Qualifications

• 4+ years in category management, vendor management and strategic sourcing.
• Experience leading complex negotiations and enterprise-wide sourcing initiatives.
• Strong commercial acumen and financial modeling capability.
• Executive-level communication and presentation skills.
• Experience in financial services or regulated industries preferred.
• Experience with construction, facilities services categories preferred.
• MBA or CPSM/CIPS certification preferred.

Responsibilities

• Develop commodity strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations.
• Oversee spend activity for assigned commodity and determine action for purchases meeting thresholds.
• Lead cross-functional teams to execute sourcing initiatives including bidding and contract negotiations.
• Negotiate including contract redlining for corporate transactions using an Agile contracting framework.
• Provide Category Procurement SME for the associated business/function.
• Advise with stakeholders to determine product/service specs and projected demand for action plans.
• Maintain relations with industry supply base to develop innovative solutions.
• Identify improvement opportunities for assigned categories and recommend key actions.
• Use analytics to identify new benefits and prioritize projects to show impact.

Skills

Sourcing leadership

Category management

Vendor management

Strategic negotiations

Financial modeling

Education

MBA or CPSM/CIPS certification

Job description

Description

Citizens has recently transformed the sourcing experience to the business. In the role as a Senior Sourcing Lead, supporting the Real Estate, Facilities & Retail Network Category you will be armed with key spend data, forward looking market intelligence and a fully integrated source to pay process, enabling you to be a strong strategic partner with business line executives. This will help you drive shorter cycle times, increased market intelligence, higher level strategic discussions and increased savings opportunities.

The Senior Sourcing Lead will report to the Real Estate, Facilities & Retail Network Category Team Managerin Strategic Sourcing within Procurement and is responsible for driving cost savings initiatives for the assigned category and considering the total cost of ownership across the Bank.

The successful candidate will partner with business owners to identify market and economic trend opportunities and execute against them to continually improve the value derived from third party relationships. The primary focus is to align with the business lines in a way that generates a positive impact to them achieving their business goals, while optimizing value to the overall organization.

Primary responsibilities include

• Develop commodity strategies to achieve cost savings and improve quality and service levels by identifying opportunities and sourcing strategies for strategic/complex negotiations.
• Oversee all spend activity for assigned commodity and determine proper action plan for all purchases that meet Procurement involve threshold.
• Lead cross-functional teams to execute sourcing initiatives including the competitive bidding process and contract negotiations.
• Ability to negotiate, including contract red lining for all types of corporate transactions using an Agile contracting framework.
• Provide Category Procurement subject matter expertise for the associated business/function.
• Effectively work with functional and business groups as a trusted advisor to determine desired product/service specifications and projected demand when making recommended action plans.
• Maintain close relations with the industry supply base and industry experts with the objective to develop innovative solutions to complex problems.
• Proactively identify improvement opportunities for assigned category areas and recommend key actions.
• Utilize analytical thinking and tools to identify new benefits generation; prioritize projects to ensure demonstrated impact to the business.

Qualifications, Education, Certifications and/or Other Professional Credentials

• Required Qualifications
  • 4+ years of progressive experience in category management, vendor management and strategic sourcing.
  • Demonstrated experience leading complex negotiations and enterprise-wide sourcing initiatives.
  • Strong commercial acumen and financial modeling capability.
  • Advanced analytical skills with the ability to translate data into actionable insights.
  • Experience working cross-functionally and driving consensus across stakeholders.
  • Structured, organized, and methodical planning skills.
  • Executive-level communication and presentation skills.
• Preferred Qualifications
  • Experience in financial services or other regulated industries.
  • Experience sourcing construction, renovation, upfit, facilities maintenance, and building-services categories in a multi-site corporate or retail environment.
  • Demonstrated ability to structure program-level sourcing strategies, including regional supplier panels, bundled site events, rate cards, and scalable contracting models.
  • Preferred experience with the New York/New Jersey construction and facilities supplier market; California market experience is a plus.
  • Knowledge of third-party risk management frameworks and regulatory environments.
  • Experience managing large, complex spend portfolios.
  • MBA or professional certification (CPSM, CIPS, or similar).

Hours & Work Schedule

• Hours per Week: 40 hours per week.
• Work Schedule: Monday - Friday.

Pay Transparency

The salary range for this position is $123,000– $161,000 per year, plus an opportunity to earn additional incentive earnings. Actual pay is based on various factors including, but not limited to, the budget, work location, and relevant skills and experience. No other portions of the posting are changing, including benefits language or incentive guidance (e.g., Teller roles should continue to remove incentive language as noted).

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.