Strategic Sourcing Manager

Bank of Hope; Los Angeles (CA); On-site; USD 195,000 - 215,000; Full time

Benefits offered by this job

Bonus

Benefits

Job summary

A financial institution in Los Angeles is seeking an experienced candidate to lead cross-functional teams in strategic sourcing and vendor management. This role involves developing processes for purchase requests, maintaining vendor relationships, and ensuring compliance with policies. Required qualifications include a Bachelor's degree and at least 8 years of experience. The position offers a salary between $195,000 to $215,000 plus bonus and benefits.

Qualifications

• Minimum education level: Bachelor's degree with 8 years work experience.
• Minimum job experience: 8 years.

Responsibilities

• Lead cross-functional teams to implement sourcing strategies.
• Develop and improve process for managing purchase requests.
• Prepare bid specifications related to IT and services.
• Maintain vendor relationships and contractual obligations.
• Support management of multiple vendors for product/service goals.

Skills

Category assessment

Data-driven recommendations

Policy compliance

Cross-functional collaboration

Presentation to senior management

Resource management

Ownership of tasks

RFx process knowledge

Education

Bachelor's degree

Job description

Responsibilities

• Lead cross functional teams to implement sourcing strategies, including timing and development of tools.
• Responsible for policy and procedure development and maintenance of Strategic Sourcing Governance as a second line function within Vendor Risk Management.
• Develop and improve process to manage purchase requests, from request to delivery.
• Prepare bid specifications, Requests for Quote or Requests for Proposal (RFQ/RFP) related to purchase of goods and services for the enterprise; IT hardware/software, business process outsourcing, professional services related to bank products.
• Report project spend to the SVP of TPRM with alerts regarding budget caps.
• Interview and correspond with vendors to ensure ongoing relationships are well maintained and contractual obligations are being met.
• Prepare purchase orders, change orders and other contract documents with the support of the Contracts Manager, ensuring all BU priorities are properly addressed.
• Alert the Vendor Risk Administrator of any engagement changes, which may require additional risk review.
• Support management of multiple vendors to ensure all products, services and hardware purchases meet the goals of the internal client (speed of delivery, quality of product/service and cost effectiveness).
• Act as subject matter expert on procurement activities and strategic sourcing.

Qualifications & Requirements

• Minimum Education Level: Bachelors and/or 8 years work experience.
• Minimum Job Experience: 8 years.

Skills

• Deep and demonstrated knowledge in category assessment, strategy development and implementation.
• Ability to influence others through fact‑based, data‑driven recommendations.
• Experience with managing compliance with policies and procedures and significant experience working with internal and external audit teams.
• Ability to work cross‑functionally with stakeholders and leadership.
• Experience in presenting to senior management.
• Strong plan development, resource management and execution skills.
• Ability to work through others to ensure execution of day‑to‑day tasks.
• Ability to assume responsibility and ownership for successfully completing assignments and tasks.
• Deep and demonstrated knowledge of the RFx process (RFI, RFQ, RFP) with strong written and verbal skills.

The salary range for this full‑time position is $195,000.00 – $215,000.00 + bonus + benefits. Salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.