Strategic Sourcing Lead – High-Impact Procurement

Capital One; Chicago (IL); On-site; USD 110,000 - 151,000; Full time

Job summary

Capital One seeks a Principal Associate, Sourcing Manager to lead high-impact procurement efforts within the Enterprise Supplier Management team. The role focuses on developing sourcing strategies, applying procurement analytics, and partnering with business teams to meet client needs through strategic supplier selection.

The position emphasizes risk management, cross-functional collaboration, and delivering cost savings while managing multiple projects concurrently in an autonomous environment.

Qualifications

• At least 3 years of experience in sourcing and procurement.
• At least 2 years of experience in risk management.
• At least 2 years of experience in negotiating supplier agreements.

Responsibilities

• Analyze external industry trends and benchmarks; develop market insights.
• Articulate cost drivers and perform pricing analysis for strategy formulation; lead make-versus-buy decisions.
• Lead innovative sourcing methods balancing cost, speed, and quality per internal needs.
• Build strong internal and external relationships and identify opportunities across the organization.
• Consult with internal clients to identify opportunities for cost savings and supply chain efficiency.
• Develop and communicate procurement strategies and negotiate large contracts.

Skills

Sourcing

Procurement

Risk management

Negotiation

Education

Bachelor's Degree

Tools

Procurement software

Job description

Capital One seeks a Principal Associate, Sourcing Manager to lead high-impact procurement efforts within the Enterprise Supplier Management team. The role focuses on developing sourcing strategies, applying procurement analytics, and partnering with business teams to meet client needs through strategic supplier selection.

The position emphasizes risk management, cross-functional collaboration, and delivering cost savings while managing multiple projects concurrently in an autonomous environment.