Job Profile. Sourcing Lead
The candidate stays abreast of commodity and industry trends and proactively studies the market for qualified suppliers. Ensures Supplier Manager is connected to the market. Acts as a primary facilitator of the contract negotiation process for small/ straight forward contracts using tools such as RFX's and Procuri. Facilitates the process for performing due diligence reviews on suppliers. Facilitates the re-evaluation of BAC relationships with suppliers using a consistent approach on a periodic basis. Supports end to end supplier relationship management process. Will be responsible for agreement negotiations, cost and price analysis, sourcing governance and leading the contract management process. Provides sourcing support for various strategic initiatitives. Proactively acquires and maintains technical knowledge of the assigned commodity/industry and shares and applies this knowledge to position. Develops effective working relationships with both internal business partners and suppliers. Acts as single point of contact for business partners facilitating sourcing related activities for global corporate bank: Leads supplier selection process to include formal RFI, RFQ and RFP's; negotiates and writes contracts in concert with bank policies and procedures for both internal and external partner; manages and own supplier relationships spanning multiple commodities to include payment gateway suppliers, healthcare solution suppliers; manages multiple sourcing projects at any given time; interfaces with suppliers and cross-functional partners to ensure flawless execution and support business goals and objectives and collaborate with cross-functional partners in assessing, evaluating suppliers providing products and services.