Principal Associate, Sourcing Manager - Brand and Marketing

Center 3 (19075), United States of America, McLean, Virginia

Principal Associate, Sourcing Manager - Brand and Marketing

At Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate, Sourcing Manager to join our Enterprise Supplier Management (ESM) Team! In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver superior experiences for both internal and external clients.        

                               

This Sourcing Manager position will develop strategy for and execute med - high risk and high impact procurement efforts across the company. This is an individual contributor role.

Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s).  This role will lead projects in indirect categories of spend include, but not limited to Financial related services, Marketing related services, HR-related services, Travel management services, Professional Services, and IT/SaaS related Services.

The selected candidate will have experience in strategic sourcing – ideally in the technology or services industry.  He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate agreements.

Responsibilities:

• Analyze external industry trends and benchmarks, as well as develop and share market insights

• Provide problem-solving and innovative ideas to support internal customers' needs. Identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth). 

• Communicates with leaders across the organization on a regular basis to ensure transparency into process, risk mitigation, issues, and etc.

• Clearly articulates cost drivers and pricing analysis for strategy formulation.  

• Supports the development of procurement strategies including RFx, eSourcing, direct negotiations, make–versus-buy strategies, and etc.

• Leads with creative sourcing methods - balance cost, speed, and quality based on internal customer needs

• Build strong internal and external relationships, understand the procurement parameters and look for new opportunities

• Manage multiple projects concurrently in an autonomous environment

• Use procurement software tools

• Support the development and execution of category strategies

• Partner to negotiate contracts for a broad range of services for Capital One

Basic Qualifications:

• At least 3 years of experience in sourcing or procurement

• At least 3 years of experience in risk management 

• At least 3 years of experience negotiating supplier agreements

Preferred Qualifications:

• Bachelor's Degree or Military Experience

• 2+ years of experience in marketing or marketing procurement

• 1+ years of experience in the creative, public relations, marketing communications, media or marketing industry

• 4+ years of experience in outsourcing or procurement

• 4+ years of experience in risk management 

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran s