Procurement - Sourcing Manager

Position is hybrid based out of Vienna, VA, 2-3 days a week.

The Strategic Sourcing Manager is responsible for developing and executing sourcing strategies that support our client's strategic vision and goals while enhancing efficient business operations. This role drives change management for new methodologies, solutions, and approaches to sourcing and technology. The ideal candidate will generate high-quality work products and strategize vendor approaches collaboratively to support cost savings with beneficial contractual terms that effectively manage risk. The position leverages best-in-class practices and sound sourcing processes that drive reliable and innovative Total Cost of Ownership initiatives.

Key Responsibilities:

• Collaborate with partners to align sourcing priorities, conduct market research, mitigate issues, and add value through strategic insights
• Prepare, issue, and manage RFPs/RFIs with precision and attention to detail
• Build and maintain relationships with lines of business, team members, management, key stakeholders, and external vendors
• Identify and work collaboratively with clients and stakeholder groups to achieve objectives aligned with client's strategy
• Drive partner satisfaction by understanding needs, responding promptly to issues, integrating partners into procurement processes, and building key stakeholder relationships
• Work collaboratively with cross-functional teams to develop business unit requirements and comprehensive Statements of Work
• Manage competitive RFP processes with standardized language and evaluation criteria
• Participate in collaborative handoffs with staff to ensure effectively negotiated contracts with favorable financial terms
• Administer Non-disclosure agreements, Risk Assessments, and supplier due diligence processes
• Support contracts teams in negotiating MSAs and other agreements
• Facilitate periodic performance review meetings with vendors and provide regular feedback
• Analyze business requirements for leveraging opportunities and acquisition planning
• Consult with business partners to provide strategic sourcing advice that maximizes favorable results
• Lead source selection activities, including market analysis to determine potential vendors
• Analyze vendor performance and delivery data to ensure quality, consistency, and fairness
• Maintain comprehensive vendor documentation, including selection records and performance metrics
• Develop overall strategies for product categories and research new options to drive savings
• Provide category insights through market data analysis and monitoring of relevant conditions

Qualifications and Requirements:

• Bachelor's Degree in Business Administration or related field, or equivalent combination of education, training, and experience
• Significant experience preparing and reviewing RFPs, RFIs, and SOWs
• Proven experience in IT strategic sourcing, category management, and procurement
• Demonstrated success managing formalized processes for selecting, monitoring, and evaluating IT vendors
• Advanced skill translating business goals into IT capabilities
• Extensive experience developing, negotiating, and managing service level agreements
• Exceptional judgment and decision-making abilities
• Advanced ability to resolve conflicting requests and manage multiple priorities independently
• Superior communication skills for presenting complex processes to senior leadership
• Excellent relationship building, negotiation, and facilitation skills
• Strong data analytics and data manipulation capabilities
• Significant experience with change management and organizational transformation
• Working knowledge of strategic sourcing in financial services
• 7+ years procurement experience