Salary: USD $90,000 - $200,100 / Year
Your opportunity
At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.
Corporate Vendor Management (CVM) at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor relationship management process to maximize vendor performance and value. CVM provides strategic sourcing support; identifies, mitigates, monitors, and manages vendor risk; and assists Schwab in meeting regulatory and compliance requirements. The CVM organization is currently seeking to expand category management expertise in the Enterprise Services space (Human Resources, Corporate Real Estate, Professional Services).
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What you'll do:
The Senior Vendor Sourcing Manager, Professional Services role plays an essential role within CVM by providing business partners with strategic sourcing support, contract negotiation and risk mitigation. In this role you will also be responsible identifying opportunities, building category strategies, then implementing action plans to drive those strategic efforts.
This position will be responsible for establishing strong relationships with Schwab business partners across the firm and Legal stakeholders to develop, maintain and execute contracts for IT and non-IT professional services. This role will manage all aspects of the strategic sourcing lifecycle; lead negotiations, as well as collaborate with risk groups and legal, as required on vendor engagements. This position will partner with the broader Sourcing team to develop sourcing strategies and ensure that industry-leading procurement services tools are utilized to support growth relationships for our suppliers and business partners. The position will not manage people; it is an individual contributor role.
What you have
To ensure that we fulfill our promise of 'challenging the status quo,' this role has specific qualifications that successful candidates should have.
- 10+ years of experience in category management and strategic sourcing, including creation of category strategies (required)
- Practice leading complex Request for Proposals (RFPs), including developing market intelligence reports, conducting financial analysis and thorough supplier evaluations (required)
- Proficiency leading complex contract negotiations, including coordination with up to 9 risk review teams and Legal, in a regulated financial services environment (required)
- Deep understanding and experience with Professional Services sourcing and contract review and negotiation in complex corporate environments (required)
- Strong oral and written communication skills with a proven track record of building effective working relationships with senior level business partners
- The ability to partner with and project manage cross-functional teams to drive contract and price negotiations that maximize value and mitigate risks while ensuring internal stakeholders' requirements are met
- Strong negotiation skills, with ability to effectively explore alternatives to reach mutually beneficial outcomes
- Proficiency in Excel and Ariba (required)
- Experience with PeopleSoft and/or Tableau a plus
- Bachelor's degree
You demonstrate these behaviors:
- Positivity: brings energy and optimism to our dynamic workplace; is open to both large/complex sourcing projects as well as more administrative deals and tasks
- Strong Communication (written/verbal/interpersonal): can easily communicate up, down and across the organization with a proven capability to make contributions to teams and initiatives
- Analytical Thinking: ability to analyze data, and apply it to develop and implement sourcing strategies and contract negotiations
- Self-starter: able to manage multiple projects and succeed in a dynamic, fast-paced environment with minimal direction; self-motivated to learn and take on new responsibilities and proactively seek out answers to solve problems
- Adaptable: comfort and ability to quickly take on new, challenging projects and also perform administrivia support to the Enterprise Services Sourcing team as required
What's in it for you
At Schwab, we're committed to empowering our employees' personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you'll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you - both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance