Director Strategic Sourcing

3 days ago


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

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.
  • 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.
Requirements
  • 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.
What We Offer

At City National Bank, we offer a competitive salary and benefits package, including a starting base salary of $157,943 - $293,299 per year, bonus and/or commissions, and a comprehensive benefits program.



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