Strategic Sourcing Senior Manager

at  US Bank National Association

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

JOB DESCRIPTION

U.S. Bank is seeking a Sourcing Manager with vendor management and contractual negotiation experience to contribute toward the success of our vendor expense initiatives for a large Business Line. Responsible for development and support of processes and practices necessary to source and manage suppliers to produce quality products/services and manage risk. Performs strategic and tactical planning for sourcing initiatives and strategic spend management for a portfolio of spend. Project work includes recommendations relating to sourcing strategy, vendor choice, business requirements definition, focusing on vendor negotiations with medium to large vendors.
Regular interactions with business line subject matter experts and support functions, continually seeking opportunities to create value. Periodic work focused on identifying and assisting in the deliverance of cost savings, pricing negotiations, consolidation opportunities, demand management, etc.

ADDITIONAL RESPONSIBILITIES:

• Negotiates to optimize client’s budget and other financial responsibilities;
• Performs sourcing and planning;
• Reviews business standards for vendor performance;
• Coordinates activities related to anticipating, negotiating, and executing the managed contracts;
• Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards;
• Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company
  Successful applicants will exemplify US Bank’s ethical principles of uncompromising integrity, respect for others, accountability for decisions and actions, and good citizenship. Leaders at U.S. Bank consistently demonstrate integrity and ethics, maturity and resilience, and inspire trust and confidence among their teams. Our leaders are strong communicators who promote collaborative relationships, influence others, and value the diversity of backgrounds and ideas among their employees.

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by la