As a Senior Strategic Sourcing Manager within Citi’s Procurement & Risk function, you will become a member of a high-performing team that identifies and leads complex, cross-functional strategic sourcing and contracting initiatives within the Banking Operations & Financial Services category. Expense categories of product and services the Sr. Sourcing Manager will support include but are not limited to Collections, Lending Services, Branch Equipment, ATMs, Cash Management, and Payments & Transaction processing .

The successful candidate will have extensive experience leading complex sourcing initiatives and negotiating contracts across the above products and services in a complex, multinational organization. He/she will lead sourcing activities such as the development of sourcing strategies, conduct complex negotiations, lead productivity improvement initiatives, and manage customer and supplier relationships.

Responsibilities include, but are not limited to the following:

• Oversee sourcing and supply base strategy, develop standards, targets, and category strategies as well as coordinate the sourcing process for various products and services.

• Lead global category and supplier management forums, building and fostering the development of a cohesive, high-performing global sourcing team.

• Develop and /or implement market analyses / benchmarking processes and strategic supplier management programs. Perform financial modeling and lead the development and execution of negotiation strategies for high-value and complex multi-year deals​, including demand scenario modeling, P&L impact analysis.

• Meet audit requirements ensuring adherence to Citi processes, guidelines, and procedures to mitigate risk and ensure control standards are met.

• Establish strong relationships with internal business stakeholders. Own the proactive relationship management of key stakeholders and clients to develop and execute global sourcing strategies. Build a strong understanding of the strategic business direction, requirements, and priorities across assigned suppliers and / or spend categories.

• Act as a trusted partner and take a consultative approach to enhancing critical relationships with internal stakeholders. Seek, analyze, and support opportunities to drive change, as well as add value to the business and its customers.

• Develop, lead and/or manage a robust portfolio of sourcing initiatives across the end-to-end sourcing and contracting process. Set strategic direction with suppliers, establish supplier qualification criteria and model total cost of ownership. Lead the development and execution of negotiation strategies optimizing the overall value including financial outcomes, service levels and risk mitigation.

• Manage all deliverables to an established timeline, service delivery level, and savings target. Drive diverse spend. Lead cross functional teams in developing and executing sourcing projects, supplier management strategies, and complex contract negotiations

• Manage key supplier relationships with a focus on quality, service, delivery, risk, and costs.

• Develop and maintain a comprehensive understanding for Citi’s policies and procedures related to supplier selection, contracting and ongoing management, ensuring all requirements are met and documented throughout the end-to-end process.

• Appropriately assesses risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

• Acts as SME to senior stakeholders and /or other team members.

Qualifications:

• 10+ years of previous Sourcing, Contracting and / or Business-related experience; Significant experience in the sourcing of relevant products and services is a plus.

• Certified Purchase Professional such as CPM or CIPS preferred

• Knowledge and experience with Procurement applications (e.g. eRFx, eAuction, P2P)

• Experience working in a large, global, highly matrixed organization

• Financial Services industry experience is a plus

• Demonstrated strategic sourcing/procurement, stakeholder management, relationship management, and influencing skills

• Proven track record of leading large, complex sourcing and / or contracting initiatives

• Excellent organizational, analytical, and time-management skills

• Excellent interpersonal, communication, presentation, and negotiation skills

• Strong financial modeling and deal structuring skills; Ability to create executive summaries to inform management.

• Takes initiative and can effectively organize, multi-task and prioritize a wide array of initiatives

• Aptitude for innovation

• High integrity and ethics.

• Can exercise independence of judgement and autonomy.

• Consistently demonstrates clear and concise written and verbal communication

Education:

• Bachelor’s or equivalent degree from an accredited College or University

• Master’s / MBA preferred

Job Family Group:

Corporate Services

Job Family:

Supply Chain

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$163,600.00 - $245,400.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:

Jul 01, 2024

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.