Valley Bank Job - 43927691 | CareerArc
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Company: Valley Bank
Location: Wayne, NJ
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services


The Manager, Shared Services Sourcing will lead the sourcing team comprised of both Procurement and business partner resources responsible for Corporate Travel, Corporate Card, Physical Security, Marketing, Disaster Recovery, Corporate Facilities and Real Estate, Subscription Services, Learning Programs, Catalog Creation, Office and Transactional Print, Shipping & Logistics, Document Management, and Mailroom services.   Responsibilities include, but are not limited to:   Strategic Sourcing for Shared Services Portfolio

  • Contribute to the development and oversees the implementation of the sourcing strategy, serves as the primary contact and is responsible for negotiation outcomes for all categories and commodities.
  • Take ownership of and is responsible for global sourcing performance.
  • Oversee the implementation of all category and commodity sourcing strategies.
  • Ensure all sourcing methodologies are in alignment with the regional and global sourcing strategies.
  • Develop the procurement vision and strategy.
  • Establish strong relationships with key executives to facilitate implementation of a centralized sourcing program/strategy.
  • Ensure adherence to sourcing and vendor management policies.
  • Accountable for outcomes resulting from high dollar and/or high-risk sourcing negotiations.
  • Approve savings metrics and supplier consolidation and cost reduction recommendations from commodity managers.
  • Lead sourcing category leads in conducting industry, emerging market, supplier and sourcing methodology research in order to inform and complete supplier selection.
  • Recruit, direct, motivate and develop sourcing category leads, maximizing their individual contribution, their professional growth and, if applicable, their ability to effectively lead their teams. Responsible for the performance management processes for category sourcing managers. Responsible for the achievement of global goals and objectives, and supervision of sourcing category managers.
  • Aggregate & analyze spend data to identify spend categories for strategic sourcing events.
  • Build market intelligence capabilities within the category management team on key markets, trends, suppliers and solutions.
  • Savings pipeline management for categories under management.
  • Oversee contract development and administration.
  • Conduct business review meetings with key stakeholders to assess performance, risk, future strategies, and identify improvement opportunities.
  • Identify and manage commercial, contractual, operational, reputational, and ethical risks to minimize potential negative impacts to the company.

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