Strategic Sourcing Lead, Banking Services & Ops

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

Flexible work arrangements

Education reimbursement

Paid time off policy

Job summary

Citizens is seeking a Senior Sourcing Lead to drive strategic sourcing initiatives within Banking Services & Operations. You will lead cross-functional teams, manage supplier relations, and negotiate complex contracts to deliver cost savings and improved service levels.

The role reports to the Category Team Manager in Strategic Sourcing within Procurement, with a focus on aligning with business lines and driving value across third-party relationships.

Qualifications

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

Responsibilities

• 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.

Skills

Contract negotiation

Vendor management

Strategic sourcing

Analytical skills

Executive communication

Cross-functional collaboration

Financial modeling

Education

MBA

CPSM certification

CIPS certification

Job description

Citizens is seeking a Senior Sourcing Lead to drive strategic sourcing initiatives within Banking Services & Operations. You will lead cross-functional teams, manage supplier relations, and negotiate complex contracts to deliver cost savings and improved service levels.

The role reports to the Category Team Manager in Strategic Sourcing within Procurement, with a focus on aligning with business lines and driving value across third-party relationships.