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Sourcing Manager

3 months ago

Los Angeles, California, United States Bank of Hope Full time
  • Knowledgeable on the Strategic Sourcing process, drafting of contracts/scopes of work, financial reviews, and procurement practices
  • Builds and fosters relationships and effectively partners across varied functions with internal stakeholders, external suppliers, and colleagues to influence change
  • Project Management: works closely with business unit, active engagement with team, monitors progress and leads project to ensure timely completion
  • Drives completion of multiple simultaneous projects by proactively considering new alternatives and driving critical thinking to optimize results
  • Provides input and support for continuous improvement programs within the department by taking lead on identifying opportunities and creating business cases
  • Creation and development, evaluation, and presentation of business case and cost/benefit analysis to stakeholders
  • Communicates proactively and effectively with stakeholders and suppliers
  • Leverages industry associations, peers, and stakeholders to identify best practices for strategic sourcing for outsourcing category and supplier management
  • Builds and fosters relationships and effectively partners across varied functions with internal stakeholders, external suppliers, and colleagues to influence change
  • Effectively manage and mentor 0-3 direct reports
  • Proactively identifies and recommends category sourcing options and partners with stakeholders to implement them
  • Contributes significantly to the achievement of defined category performance targets and participates in or leads competitive RFXs as necessary
  • Collaborates with business and third-party risk management to negotiate commercial and performance aspects of outsourcing agreements - strong understanding of pricing models, SLAs, benchmarking, scope description required
  • Leverage market knowledge and understanding of industry trends to achieve performance goals for the category
  • Collaborate with stakeholders to cover various commodities such as general services (facilities, MRO), information technology/security, and bank operations
  • Perform data/spend analysis to identify opportunities for cost reduction, TCO, and value creation
  • Identify long term sourcing strategies for bank services and related commodity groups
  • Manage/mitigate vendor risk, business continuity and compliance
  • Perform other duties as assigned

Job Qualifications/Requirements

  • Bachelor's degree in business, finance, supply chain or a related field and a minimum of five (5) years of experience in strategic sourcing, MRO procurement, or related experience; or,
  • Master's degree in business, finance, supply chain or a related field and a minimum of two (2) years of experience in strategic sourcing, MRO procurement, or related experience.
  • Proficient in MS Word, Excel, PowerPoint, and Visio in order to perform analysis, provide visual aids with graphics and illustrative animations, models, graphs, etc.
  • Must have both quantitative and qualitative market research experience
  • Ability to interpret and utilize key financial data; can tell a story with data
  • Must have strong project management skills and the ability to work effectively in an environment of tight deadlines
  • Must be self-directed and able to work independently but also able to work collaboratively in a team-oriented department
  • Ability to learn and become subject matter expert quickly
  • Demonstrates excellent client support and demeanor by being knowledgeable/informed, courteous and provide timely resolution
  • Excellent planning and prioritization skills with the ability to quickly adapt to change
  • Proven leadership skills showcasing strategic mindset and approach to managing teams
  • Demonstrated comfort level with ambiguity
  • Excellent verbal, presentation, and written skills
  • Occasional travel may be required
  • Experience with facilities, professional services, and IT/IS categories preferred.

The salary range for this full-time position is $100,000.00 annually - $125,000.00 annually + 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.