Strategic Sourcing Manager

4 days ago

Los Angeles, California, United States City National Bank Full time
Job Description

At City National Bank, we are seeking a highly skilled Strategic Sourcing Manager to join our team. 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
  • Collaborate with senior management to define sourcing priorities and strategies
  • Develop and execute strategic sourcing plans aligned with the bank's goals and objectives
  • Jointly develop category strategies with BU/COR leadership and assessment partner input
  • Analyze market trends and industry dynamics to identify sourcing opportunities and risks
  • 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
  • Collaborate with internal stakeholders, including finance, legal, operations, and business units, to understand their sourcing needs and ensure alignment with enterprise initiatives
  • Provide strategic guidance and RFP support to business units in the selection and management of suppliers
  • Responsible for the ownership, management, steady improvement, and consistent adoption/usage of procurement practices across the enterprise
Requirements
  • Bachelor's degree in business administration, finance, supply chain management, or a related field
  • Master's degree or MBA preferred
  • 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
  • Excellent negotiation, contract management, and vendor relationship management skills
  • Strong analytical and problem-solving abilities, with proficiency in data analysis and financial modeling
  • Proven ability to lead in a matrix organization, fostering a collaborative and inclusive culture that motivates teams to excel and achieve shared goals

City National Bank is 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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