Strategic Sourcing Manager, Consumer and Commercial Business (REMOTE)

Full Time
Lancaster, PA 17601
Posted
Job description
Value Proposition:
Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.
Overview:
This is a fully remote position.

The Strategic Sourcing Manager will leverage extensive sourcing and procurement experience to lead strategic sourcing projects of all kinds to help Fulton Bank source the best services and products at the most competitive cost. For assigned supplier relationships and line(s) of business, responsibilities will include vendor research, category/market research, baseline development, RFP development, negotiations, award analysis/recommendations, supplier on-boarding, spend analysis, and vendor management. This role serves as the sourcing subject matter expert for strategic sourcing or vendor management functions and procedures, who leads cross functional internal teams to optimize financial and operational benefits. Successful incumbents will regularly utilize strong influencing skills and ability to get stakeholder buy-in, and broad knowledge of risk management practices and principles, at all levels of the organization.
Responsibilities:
Essential Job Duties
  • Build and maintain strong relationships with Fulton Bank's most strategic suppliers, vendors, and partners in assigned line(s) of business
  • Through deep analysis, actively find opportunities, develop strategy and category plans that deliver significant value, implement the plans, and guide and manage stakeholders along the way
  • Conduct spend, contract, supplier, and proposal analyses for various categories related to assigned areas of the business
  • Establish relationships and lead stakeholder/cross-functional teams to get process buy-in and create strategic sourcing partnerships to increase addressable spend
  • Integrate and build relationships with stakeholder organizations, indentify key buyers, collaborate with those to increase savings as well as the value we receive from our Fulton's supplier partners
  • Lead negotiations on sourcing agreements, including but not limited to Master Agreements, Statement of Work, and Change Orders balancing business deliverables, legal interests, risk and pricing
  • Develop and lead price and terms-and-conditions negotiations with suppliers and vendors that support stakeholder requirements, budget, ROI analysis, price and rate benchmarking, and capabilities
  • Leverage spend analytics to drive engagement, supplier rationalization and leveraged procurement power of Fulton Bank
  • Assist in supporting supplier risk management in onboarding and compliance monitoring
  • Ensure the sourcing team meets cost reduction, risk reduction and other targets that leverage internal and external capabilities to gain and sustain a competitive advantage
  • Partner with leadership in assigned line(s) of business to create project roadmaps, savings tracking documents, approed supplier lists, and supplier governance programs
  • Work with senior leaders across the line(s) of business to determine the long-term needs and applicable supply/service strategies
Additional Job Duties
  • Partner closely with stakeholders across the sales and marketing organization to optimize technology relationships that support Fulton's Commercial and Consumer products and services for our banking infrastructure and customers
  • Analyze total costs, assist Consumer and Commercial leadership with ROI analysis, price, benchmarking, and negotiation to leverage Fulton's supplier relationships
  • Lead supplier governance activities (i.e., supplier briefs, internal stakeholder meetings, supplier periodic business reviews) and develoop oversight practices not only to manage performance, but also to manage and mitigate risk of the most critical, highest risk vendors
  • Engage leaders and stakeholders across Fulton Bank to align priorities, drive business unit results and develop strategic plans to execute on the needs of Consumer and Commercial lines of business and stakeholders
  • May provide supplier management responsibilities as required, such as inut on and partnering with Sourcing, Legal, and assigned line(s) of business on complex supplier contracts
Qualifications:

Education

Bachelor Degree or the equivalent experience. Specialty: Business, HR, or Finance. (Required)
Master Degree or the equivalent experience. Specialty: Business, HR, or Finance. (Preferred)

Experience

10 or more years of sourcing experience in financial services, products and technology related to the banking infrastructure. Experience within large global and or large regional/community sized banks. (Required)
5 or more years banking or financial services. (Preferred)
5 or more years evaluating complex supplier contracts and developing terms and conditions required to manage strategic suppliers. (Preferred)
3 or more years consulting. (Preferred)

Knowledge, Skills, Abilities
Financial acumen with ability to create and analyze business cases, manage budgets and costs. (Required)
Strong influencing skills and ability to get stakeholder buy-in for initiatives and projects. (Required)
: This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management. Sponsorship Statement : As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future. EEO Statement : Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

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