Strategic Sourcing/Procurement Manager - Vice President

As a StrategicSourcing/Procurement Manager within Citi’s Global Procurement and Risk function, you will be supporting a high-performing Enterprise Procurement and Risk team that identifies and leads complex, cross-functional strategic sourcing and contracting initiatives focusing on the Banking Operations and Financial Services Category across the firm. Products and Services within this category include ATMs, Branch Equipment, Cash Management Services, Collections, Lending Services, and Payment and Transaction Services.

The successful candidate will have extensive experience leading complex sourcing initiatives and negotiating contracts in a multinational organization.

Responsibilities include, but are not limited to the following:

• Establish strong relationships with internal business stakeholders; build a strong understanding of strategic business direction, requirements and priorities across assigned suppliers and / or spend categories.
• 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.
• Develop, implement and manage robust market analysis / benchmarking processes; leverage key insights to inform and support business, category and project strategies.
• Perform financial analysis including demand scenario modeling, P&L impact analysis and benchmark comparisons.
• Develop, lead and/or manage a robust portfolio of sourcing initiatives across the end-to-end sourcing and contracting process.
• Lead the development and execution of negotiation strategies for high value and complex multi-year deals
• Lead contract negotiations, partnering with Legal and business function, to optimize overall value including financial outcomes, service levels and risk mitigation.
• Manage key supplier relationships with a focus on quality, service, delivery, risk and costs.
• Lead support for cross functional teams in developing and executing sourcing projects, supplier management strategies, and complex contract negotiations
• Appropriately assesses risk when business decisions are made, demonstrating particular 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:

• Bachelor’s or equivalent degree from an accredited College or University; MBA preferred
• 7+ years of previous Sourcing, Contracting and / or Business-related experience; Significant experience in the sourcing of relevant products and services is a plus.
• 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
• 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
• Takes initiative and has the ability to effectively organize, multi-task and prioritize a wide array of initiatives
• High integrity and ethics.
• Demonstrated strategic sourcing/procurement, stakeholder management, relationship management, and influencing skills
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.

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.

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.

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