Strategic Sourcing Lead — Drive Savings & Cross-Functional Impact

Citizens Bank; Johnston (RI); On-site; USD 97,000 - 125,000; Full time

Job summary

Citizens Bank is seeking a Sourcing Lead to partner with business line executives, leveraging spend data and market intelligence to optimize the source-to-pay process and drive savings for the organization.

You will report to the Sourcing Team Manager in Strategic Sourcing within Procurement and will lead cross-functional sourcing initiatives, including technology, professional services, management consulting, and HR recruiting, while focusing on total cost of ownership.

Responsibilities

• Assist in the development of 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.
• Join and potentially 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 current with the industry supply base and industry trends 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.

Job description

Citizens Bank is seeking a Sourcing Lead to partner with business line executives, leveraging spend data and market intelligence to optimize the source-to-pay process and drive savings for the organization.

You will report to the Sourcing Team Manager in Strategic Sourcing within Procurement and will lead cross-functional sourcing initiatives, including technology, professional services, management consulting, and HR recruiting, while focusing on total cost of ownership.