Strategic Sourcing Director for Capital Markets
6 days ago
This is a highly sought-after opportunity to work with one of our esteemed banking clients in a fast-paced and dynamic environment.
As a Strategic Sourcing Director, you will be responsible for driving and influencing sourcing decisions, optimizing the supply base, and relentlessly pursuing cost savings/avoidance opportunities while balancing supplier risk. This role requires a deep understanding of the Capital Markets business platform and the ability to establish strong relationships with key stakeholders.
The daily responsibilities of this position include:
- Establishing and maintaining strong relationships across the Capital Markets business platform
- Developing strategic sourcing strategies and initiatives in tandem with the business
- Building and managing a comprehensive contract pipeline to proactively identify, manage, address, and report on sourcing opportunities
- Serving as a subject matter expert on the client's Enterprise Procurement & Third-Party Risk policies and procedures
- Leading the end-to-end sourcing process from initiation to closure
- Negotiating complex IT and non-IT agreements, including Master Agreements, Transaction Schedules, Statements of Work, Amendments, and other documents
Essential qualifications for this role include:
- Post-secondary education in Business Administration, Finance, Engineering, or an equivalent 4-year university program in a relevant discipline
- Solid knowledge, understanding, and experience in strategic sourcing with 5+ years of relevant technology experience in sourcing
- Ability to interpret and negotiate contractual terms and revise legal documents as per the client's requirements
- Strong financial modeling and analytical skills to identify and support negotiation strategies
- Sourcing/Procurement experience working in a global financial institution
About the company: Collabera is a leading Digital Solutions company providing software engineering solutions to the world's most tech-forward organizations. With over 25 years of experience, we have hired over 17,000 employees across 60+ offices globally and currently place 10,000+ professionals annually to support critical IT engagements at more than 500 client sites.
We offer numerous exciting projects, including UI/UX transformation, Blockchain, AI/Data Science, Cloud migrations, Cyber-Security, and Engineering. You will have endless opportunities to learn new technologies through our in-house Training arm – Cognixia.
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