Software / Emerging Technology Global Sourcing Manager

Company: Citigroup Inc
Location: New York , New York, United States
Type: Full-time
Posted: 19.JAN.2019


Description Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and...



Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi's explains what we do and explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviours that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. Enterprise Supply Chain (ESC) reports in to the Enterprise Infrastructure group which in turn is part of the Citigroup Enterprise O&T division. ESC aims to deliver world-class end to end supply chain operations to Citigroup through Strategic Sourcing & Supplier Management, Supplier Risk Management and Supply Chain Operations including purchase processing and payables. Job Purpose: Citi is always looking for continuous innovation. In doing so, Citi engages third party suppliers to test new technology, products and services. This is an important process for Citi to identify and create new capability for Future Growth which is key to Citi's competitive advantage. The Global Emerging Tech Sourcing team is a partner to its Citi Emerging tech business partners in their pursuit to create new capability for Future Growth. The Global Emerging Tech Sourcing Manager role is part of a Sourcing team that leads the business partner engagement, executes sourcing programs and contract negotiations, specific to the requirements of certain business partners within Citi's Emerging Tech community. This position interacts with all levels of management, including senior or executive management from various business and suppliers. Key Responsibilities:
  • Create sourcing projects and a pipeline of work that aligns with our business partner's objectives and execute on these.
  • Develop and grow internal business partner relationships so as to integrate into their team by actively managing the pipeline of work, providing regular updates, ensuring the pipeline is always up to date and in sync with their priorities while increasing Sourcing's influence.
  • Establish reputation within the sourcing organization and business partners as subject matter expert.
  • Assist the business partners in every way to expedite the on-boarding process for new suppliers.
  • Actively partner with appropriate internal organizations to support execution for business partners.
  • Work with business partners and technology teams to assist development and analysis of supplier landscapes (whether through RFi's or other market research methods) across specific Emerging Technology domains (e.g. Blockchain, Automation, Machine learning, etc.).
  • Develop key supplier relationships and contribute to the implementation of strategic partnerships.
  • Lead all negotiations and the contracting process to ensure market leading contract and commercial terms are achieved and they are on Citi standard agreement templates from low value, low risk trial/Work Order/License agreements right up to high value, high risk master agreements.
  • Lead cross-functional teams in the development and execution of Requests for Proposal (eRFx's) for Global initiatives, which includes RFP drafting, managing deadlines, reviewing proposals, developing scoring matrices, preparing supplier selection recommendations, and pricing negotiations.
  • Structure and negotiate new master agreements, manage supplier relations and contract disputes.
  • Manage and maintain effective contract and commercial terms with existing suppliers, aimed at reducing risk and achieving market competitive commercial terms to reduce total cost of ownership.
  • Achieve Sourcing and Supply Chain targets, including cost reduction, cost avoidance, supplier consolidation, service improvements, process efficiencies and risk mitigation as well as supporting our business partners to test and adopt new technologies with agility enabling new business capability.
  • Deliver all required management reporting, both repeated and ad hoc as required to provide quality information in a timely manner, including maintaining up to date and accurate systems records.
  • Ensure all administrative requirements are completed, including approved supplier program, supplier diversity, project management system, contract management system, procure-to-pay system, and software related metrics.
  • Ensure the timely, efficient and accurate processing of all sourcing transactions;
  • Ensure consistent documentation accuracy and archival of supplier selection and negotiation processes.
  • Ensure full compliance with purchasing policies, procedures and standards, ethical practices, and adherence to relevant laws and regulations.
  • Drive Citigroup Approved Supplier utilization, adoption and optimization.
  • Qualifications

  • Candidate must have 6+ years of experience in technology sourcing, with strong contracting and Supplier Management experience. Must have previous experience in Software Sourcing and contracting.
  • Sourcing experience in a large, multi-national organization a must. Experience in a large, diverse banking corporation is preferred
  • Experience working collaboratively with a global mind-set and work across countries globally Experience and success in leading strategic sourcing programs and program management
  • Prior proven experience working to tight contract completion timelines with time sensitive supplier negotiations
  • Demonstrated track record focused on simple and complex software deal structuring, negotiating and contract redlining, with both large established suppliers right down to Start-ups.
  • Previous experience in working with cross functional, multi lingual and offshore teams, obtaining consensus in complex activities that cross departmental, geographic and business entities.
  • Skills:
  • Fundamental strategic sourcing skills are a key requirement.
  • Strong negotiation and contracting skills
  • Advanced relationship management with proven stakeholder management and influencing skills
  • Excellent interpersonal, written and verbal communication and presentation skills (English)
  • Excellent Negotiation skills
  • Ability to multi task and work on a mix of projects or contracts with varying complexity, i.e. eRFx's, Master agreement, Work Orders and License Schedules.
  • Working knowledge of MS Office products and advanced Experience with Excel a plus
  • Knowledge of ERP and eProcurement tools such as Oracle, Procure-to-Pay, eAuction, eRFX, is a plus
  • Excellent numeracy skills - Strong financial modelling and deal structuring skills
  • Strong administrative and analytical skills
  • Adaptability and dealing with ambiguity
  • Strong data analysis with high attention to detail which is focused and accurate
  • Drive & Determination
  • Advanced Team working Skills
  • Ability to achieve savings objectives and meet performance metrics
  • Excellent organizational, analytical, prioritization and time management skills
  • Qualifications:
  • Bachelor degree or equivalent experience, MBA preferred
  • Certified Purchasing Professional such as CPM or CIPS is a plus
  • Competencies:
  • Highly motivated and self-driven
  • Takes ownership & accountability for delivering results
  • Must be goal orientated, meet deadlines and achieve service excellence for our business partners.
  • Should be operationally effective in completing the day to day system and administration tasks
  • Must have the highest level of integrity & ethics
  • Have the ability to learn fast and have a self-help approach
  • Work collaboratively
    Work within the parameters of set policies and procedures in a large multinational firm.
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