Director Sourcing (Hybrid)

Overview

This position oversees the sourcing of software, services and consulting contracts for the Bank. Manages a team of associates that fulfill business needs through the planning and execution of sourcing projects. Ensures that all sourcing operations are cost-effective, compliant with Bank policies, and appropriately mitigate risk. Works closely with internal stakeholders and clients to provide vendor solutions for business challenges. Develops standard processes and governance to establish a consistent approach across the department for contract structuring, negotiation, execution and management.

Responsibilities

• Sourcing Oversight - Leads the planning, execution, and successful completion of sourcing programs and projects. Manages an associate team that negotiates vendor solutions for business needs. Conducts ongoing monitoring of program effectiveness and associate performance, implementing process enhancements as necessary. Oversees effective, consistent communications between sourcing team and internal stakeholders. Directs contract structuring and negotiation, providing guidance on complex vendor relationships or issues.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.
• Business Support - Develops a change management strategy and communication plan that minimizes risk while maximizing benefits. Works closely with management, lines of business, and project teams throughout sourcing activities. Facilitates larger Bank initiatives including mergers and acquisitions.
• Risk Management - Collaborates with the Risk Management department to align with the Third Party Risk Management program, and to foster risk management education and awareness.