Senior Strategic Sourcing Manager-Senior Vice President – Functions Technology Procurement

As a Senior Strategic Sourcing Manager within Citi’s Global Sourcing (CGS) function, you will become a member of a high-performing team that identifies

25839022 - Senior Strategic Sourcing Manager-Senior Vice President – Functions Technology Procurement

As a Senior Strategic Sourcing Manager within Citi’s Global Sourcing (CGS) function, you will become a member of a high-performing team that identifies and leads complex, cross-functional strategic sourcing, contracting, and other key strategic initiatives supporting Citi’s Functions Technology Organizations.    

Functions Technology (FT) is an important enabler of Citi's strategy, supporting  Technology enablement for Finance, Risk, Compliance, Security, Real Estate, HR, and other regulatory requirements.  FT delivers world-class technology solutions for Citi's Global Functions through the use of common data, analytics and platforms to enable Citi to meet regulatory commitments, mitigate risk and operate in a cost-effective manner with highly effective controls.

The core objective of this senior position is to deliver world-class strategic sourcing services to the Functions Technology organization partnering with key stakeholders on Strategic Sourcing, Strategy and Planning, Supplier Management, Demand Management, and Resource and Location Strategies.  

Expense categories of product and services that the Sr. Sourcing Manager will support include but are not limited to Software/SasS, IT Professional Services, Application Development and Maintenance, and Outsourced Services/Operations. 

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

Responsibilities include, but are not limited to the following:
•    Establish and own the proactive relationship management of key stakeholders and internal clients to develop and execute global sourcing strategies
•    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
•    Build a strong understanding of the strategic business direction, requirements, and priorities across assigned businesses, suppliers, and spend categories
•    Proactively identify sourcing opportunities to achieve savings targets and business objectives
•    Execute and/or manage a robust portfolio of Sourcing initiatives across the end-to-end sourcing and contracting process
•    Providing strategic sourcing and procurement services across multiple products, services and categories to minimize the total cost of ownership to Citi.
•    Leading and executing sourcing projects including RFx, benchmarking and analysis, supplier and proposal evaluation, contract development and negotiations
•    Perform financial modeling, leading the development and execution of negotiation strategies for technology deals including demand scenario modeling, P&L impact analysis and benchmark comparisons
•    Draft, redline and negotiate technology contract documents and lead negotiations of all terms and conditions and pricing with support from internal partners including Legal, Risk, Architecture, Information Security, Privacy, etc.
•    Managing supplier risk while ensuring supplier performance is appropriately governed and quality/productivity enhanced
•    Designing and executing resource strategies that optimize labor globally ensuring the right resources, in the right roles and best processes, in the right locations, from the right sources, at the right total costs
•    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.
•    Manage key supplier relationships with a focus on quality, service, delivery, risk and cost.
•    Develop and maintain a comprehensive understanding of Citi’s policies and procedures related to Sourcing, Contracting and Supplier Risk Management ensuring all requirements are met and documented throughout the end-to-end process.

Qualifications:
•    10-15+ years of previous Sourcing, Contracting  and Business-related experience with a proven track record of leading large, complex technology sourcing and/or contracting projects
•    Significant hands-on and leadership experience in the sourcing of IT Professional Services, Enterprise and Business Application Software/SaaS, and other related and relevant products and services is a plus.
•    Experience working in a large, global, highly matrixed organization; Financial Services industry experience is a plus
•    Demonstrated stakeholder management, relationship management, and influencing skills
•    Thorough understanding of complex SaaS/Software, IT Professional Services, and other IT related product contract terms and conditions including  an in-depth knowledge and understanding of software/SaaS and related services such as perpetual, term and subscription agreements, maintenance and support and other IT products.
•    Strong financial modeling and deal structuring skills
•    Experience successfully partnering with groups outside of Sourcing for deal completion such as Legal, Risk, IT, Information Security, Privacy, etc.
•    Excellent interpersonal, communication, presentation, and negotiation skills, experience communicating and presenting to senior leadership on a regular basis
•    High integrity and ethics.
•    Experience leading and managing teams
•    Knowledge and experience with Procurement applications (e.g. eRFx, eAuction, GEP, P2P)
•    Certified Purchase Professional such as CPM or CIPS preferred
•    Project Management certification (PMP) or Lean Six Sigma is a plus but not required

Education:

• Bachelor’s degree/University degree or equivalent experience

• Master’s degree preferred

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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.

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Anticipated Posting Close Date:

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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.

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