Principal Associate, Supplier Management

Overview Principal Associate, Supplier ManagementAt Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate, Supplier Management to join our Enterprise Supplier Management (ESM) Team. In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver superior experiences for both internal and external clients. As a Principal Associate, Supplier Management you will be responsible for the holistic relationship between Capital One and key third parties, enabling a well-managed and adaptable supply chain. You will work closely with internal team members establishing and maintaining relationships with internal business customers and assigned suppliers. This role is essential in the delivery of key cost, risk, and performance management-related efforts for third-party relationships, in addition to identifying strategic opportunities for growth and/or greater return on investment. If you enjoy connecting with others, collaborating on cross-functional teams and negotiating deals, we are looking for YOU. Come be a part of something special where you work with teams who appreciate your contributions and sharing your thoughts and ideas is encouraged. Key responsibilities include: Problem Solving & Strategy Advice: Provide problem-solving and innovative ideas to support internal customers. Identify value-generating opportunities (. savings, efficiencies, or revenue growth). Negotiation: Partner to negotiate contracts for a broad range of services for Capital OneRelationship Management: Serve as a primary point of contact for third parties and manage an effective governance between Capital One and assigned third parties. Collaboration: Partner with internal risk groups to ensure third party relationships are compliant with all relevant policies and procedures. Risk Management: Monitor and ensure successful delivery against third party contractual obligations Process Management: Accountable for policy requirements for all managed third-party relationships. Plan and lead periodic reviews and assessments of supplier relationships. Supplier Sourcing: Maintain awareness of external marketplace as it relates to your suppliers and perform sourcing activities where appropriateNote: Limited travel may be required. Basic Qualifications: High School Diploma, GED or Equivalent CertificationAt least 3 years of experience in Relationship Management, Supplier Management, Project Management, Process Management, or a combination of thesePreferred Qualifications:At least 4 years of experience in Procurement, Sourcing, Operations Management, Risk Management or a combination of theseThe minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.McLean, VA: $117,300 - $133,900 for Principal Assoc., Supply ChainRichmond, VA: $106,700 - $121,700 for Principal Assoc., Supply ChainCandidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.This role is expected to accept applications for a minimum of 5 business days.No agencies please.