Sr Sourcing Lead-Technology

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

Benefits offered by this job

Competitive pay

Medical, dental, vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

Citizens is seeking a Senior Sourcing Lead in Johnston, RI to drive cost savings and strategic supplier relationships across the bank. You will leverage spend data, market intelligence and a full source-to-pay process to partner with business leaders on critical negotiations.

You will negotiate complex contracts, lead cross-functional teams, and provide procurement expertise to align with business goals while optimizing value for the organization.

Qualifications

• 4+ years of experience in contract negotiation, vendor management and strategic sourcing.
• 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.

Responsibilities

• Develop commodity strategies to achieve cost savings and improve quality and service levels.
• Oversee spend activity for assigned commodity and determine action plans.
• Lead cross-functional teams to execute sourcing initiatives and negotiations.
• Negotiate contracts using an Agile contracting framework.
• Provide category procurement subject matter expertise.
• Collaborate with business groups to define specifications and projected demand.
• Maintain relations with industry suppliers to develop innovative solutions.
• Identify improvement opportunities and prioritize actions.
• Use analytics to generate new benefits and demonstrate business impact.

Skills

Strategic sourcing

Negotiation

Financial modeling

Analytical thinking

Cross-functional collaboration

Executive presence

Planning & organizing

Education

MBA or CPSM/CIPS

Job description

Description

Citizens has recently transformed the sourcing experience to the business. In the role as a Senior Sourcing Lead, 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 Senior Sourcing Team Manager in Strategic Sourcing within Procurement. The Lead will drive cost savings initiatives for the assigned commodity and consider 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.

The Senior Sourcing Lead will support technology sourcing.

Primary 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 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.

Required Qualifications

• 4+ years of progressive experience in Contract negotiation, 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.
• Knowledge of third-party risk management frameworks and regulatory environments.
• Experience managing large, complex spend portfolios.
• MBA or professional certification (CPSM, CIPS, or similar).

Core Competencies

• Strategic thinking and long-term planning
• Negotiation and influencing skills
• Financial and analytical rigor
• Risk-aware decision making
• Stakeholder management and executive presence
• Change leadership in matrixed environments

Hours & Work Schedule

• 40 hours per week
• 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 (if applicable). Actual pay is based on various factors including, but not limited to, the budget, work location, and relevant skills and experience.

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.

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

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.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

10/30/2026