Director Strategic Sourcing
3 days ago
We are seeking a highly skilled and experienced Director Strategic Sourcing to join our team at City National Bank. As a key member of our procurement team, you will be responsible for developing and executing strategic sourcing plans that drive cost savings, process efficiency, and supplier performance improvement.
Key Responsibilities- Develop and execute strategic sourcing plans aligned with the bank's goals and objectives.
- Collaborate with senior management to define sourcing priorities and strategies.
- Jointly develop category strategies with BU/COR leadership and assessment partner input.
- Establish category management capabilities and develop a deep understanding of the CNB vendor landscape.
- Analyze market trends and industry dynamics to identify sourcing opportunities and risks.
- Streamline procurement processes and procedures to improve efficiency and reduce costs.
- Implement best practices and tools for sourcing, contract management, and supplier performance evaluation.
- Ensure compliance with regulatory requirements and internal policies throughout the procurement lifecycle.
- Lead complex high-dollar/vendor risk negotiations and support sourcing managers in negotiations while monitoring/delivering on savings targets for annual cost reduction improvements.
- Evaluate vendor capabilities, performance, and financial stability to ensure a reliable and competitive supply chain.
- Negotiate contracts, pricing, and terms with vendors to achieve optimal value while minimizing risk.
- Establish and maintain strong relationships with key suppliers to drive innovation and continuous improvement.
- Bachelor's degree in business administration, finance, supply chain management, or a related field.
- 10+ years of experience in strategic sourcing, procurement, or supply chain management, preferably in the banking or financial services industry.
- 5+ years in a management/leader role.
- Strong understanding of banking operations, regulatory requirements, and industry best practices.
- Proven track record of developing and executing sourcing strategies that drive cost savings, process efficiency, and supplier performance improvement.
- Strong interpersonal skills and ability to work collaboratively with multiple business owners and key stakeholders.
- Excellent negotiation, contract management, and vendor relationship management skills.
- Strong analytical and problem-solving abilities, with proficiency in data analysis and financial modeling.
At City National Bank, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
We are an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.
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