Sr. Sourcing Manager

Company Description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Job Description

Responsibilities:

This is a mid-level role within Visa’s Global Technology Sourcing organization and the responsibilities range from building relationships with Technology executives and working with stakeholders at all levels of the organization to drive strategic decision, to leading sourcing business partners to deliver savings while balancing the risks and regulatory issues from engaging third parties. Key responsibilities include, but are not limited to the following:

Relationship Building

• This role supports Visa’s Technology  Infrastructure Systems Sourcing Strategy and key stakeholders, within Visa IT.
• Build strong relationships with business partners to drive Sourcing engagements and increase the influence/role of Sourcing within the various business teams.  This person can expect direct visibility to senior executives including, but not limited to, Visa’s EVP of Technology, and Technology Leadership Team members.
• Regularly update executives at all levels of the company on deal status, category reporting, etc.  Provide continuous written and verbal updates to the business partners, suppliers and other stakeholders on the status of deal.
• Take a global view to ensure that Visa leverages its scale domestically and internationally.

Category Expertise

• Collaborate with Category teams and Visa Technology to establish the Supplier and Product Strategy for Infrastructure Systems Software as a category of spend at Visa.
• Understand the Visa Technology footprint, the long and short-term strategies and the suppliers within that landscape.
• Oversee the aligned categories. Understands the supplier impacts and effectively communicate to Sourcing executives and Technology stakeholders to inform risk reward decision-making.
• Perform market analysis to support recommendations to the Technology teams.
• Drive a sustainable pipeline of activity and proactively engages Technology Business Partners to ensure proper runway.
• Maintain an understanding of the regulatory market as it impacts Visa Technology’s Infrastructure Software strategy and market approach. 
• This role will have global reach, high impact, and will be responsible for delivery of key program-level initiatives.  The preferred candidate will bring an understanding of software licensing and have a can-do attitude. 

Sourcing Capabilities - Commercial & Contract Negotiations

• Manage escalations.  Support the Sourcing and Technology teams to negotiate and drive best-in-class deals for Visa.  This role requires a strategic view and the willingness to execute on the day-to-day.
• Drive multi-vendor strategies to optimize Visa’s leverage and reduce operational risk. Execute RFx events to support Visa’s Technology organization.
• Perform savings tracking and report realized savings on a continual basis.
• Negotiate contract terms and conditions as a first line of defense, in partnership with Visa Legal, Data Privacy, Cybersecurity, and other teams.
• Take part in quarterly reporting, regularly recurring team meetings, and ongoing updates to direct reports, peers and leaders around the organization

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualifications:
• 8 or more years of relevant work experience as a sourcing and/or procurement professional, preferably with a focus on Technology and Software supplier relationships with Bachelor’s Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD
• Demonstrated understanding of software licensing, including the ability to converse with, and influence, key IT and