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The health and safety of our colleagues and candidates for employment are our highest priority. Accordingly, Citi continues to monitor the COVID-19 situation closely. We have implemented precautionary measures across our firm globally, including conducting all candidate interviews virtually on a temporary basis until further notice where needed.

Senior Strategic Sourcing Manager - Senior Vice President

Job Req ID 22489047 Primary Location Tampa, Florida; Jacksonville, Florida; New York, New York; Mississauga, Canada; Irving, Texas Job Category Corporate Services
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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 and contracting initiatives supporting Citi’s Institutional Clients Group (ICG). ICG is a trusted partner, supporting innovation and growth globally for corporate clients through Citi’s network in 98 markets.  The goal of Citi's Institutional Clients Group (ICG) is to be the best banking partner for our clients by offering a full spectrum of wholesale banking products and services in all the markets in which Citi operates. Expense categories of product and services the Sr. Sourcing Manager will support include but are not limited to IT Professional Services, Outsourced Services, Software, Banking Operations and Financial Services, and FinTech.

The successful candidate will have extensive experience leading complex sourcing initiatives and negotiating contracts across the above categories 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

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Job Family Group:

Corporate Services

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Job Family:

Supply Chain

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Time Type:

Full time

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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.

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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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