Strategic Sourcing Manager

Relha LLC; Minneapolis, Northern (MN, KY); On-site; USD 105,000 - 124,000; Full time

Benefits offered by this job

Health insurance

Disability benefits

401(k) plan

Paid vacation

Paid holidays

Adoption assistance

Job summary

U.S. Bank is seeking a seasoned sourcing and vendor management professional to develop and execute strategies for assigned spend categories and supplier portfolios.

The role leads competitive sourcing events, negotiates contracts, partners with stakeholders to optimize supplier relationships, and supports decision making with management reports. The position is hybrid, with three days onsite and flexibility for the rest of the week, plus comprehensive benefits.

Qualifications

• Experience in design, development and utilization of formal IT vendor contracts.
• Experience with data management tools and techniques for supplier analytics.
• Experience managing suppliers to agreed contractual services.

Responsibilities

• Develop and execute sourcing and vendor management strategies.
• Lead competitive sourcing events and negotiate contracts.
• Collaborate with business line stakeholders to define requirements and mitigate risk.
• Prepare management reporting to support sourcing decisions.
• Ensure compliance with contract procedures and standards.

Skills

Vendor contract design

Negotiation

Sourcing strategy

Stakeholder collaboration

Education

High school diploma or equivalent

Tools

Contract management software

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Responsible for development and execution of sourcing and vendor management strategies for assigned spend categories and supplier portfolios. Performs strategic and tactical planning for sourcing initiatives, spend management activities, and vendor selection efforts. Leads competitive sourcing events, evaluates supplier capabilities and commercial proposals, analyzes pricing and market data, and negotiates contracts and business terms with medium to large suppliers. Partners with business line stakeholders to define requirements, mitigate risk, optimize supplier relationships, and deliver value through effective sourcing and negotiation strategies. Prepares management reporting and recommendations to support sourcing decisions and supplier investment strategies.

Additional responsibilities:

Negotiates to optimize client’s budget and other financial responsibilities;

Performs sourcing and planning;

Coordinates activities related to anticipating, negotiating, and executing the managed contracts;

Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards;

Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company;

Successful applicants will exemplify US Bank's ethical principles of uncompromising integrity, respect for others, accountability for decisions and actions, and good citizenship.

Preferred Skills/Experience:

Experience with design, development and utilization of formal IT vendor contracts with internal or external customers

Experience with tools, facilities and techniques for managing and administering data

Experience with the management of suppliers to agreed contractual services

Basic Qualifications:

High school diploma or equivalent

Six or more years of experience with design, development and utilization of formal IT vendor contracts with internal or external customers

Location Expectations:

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $105,400.00 - $124,000.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.