Director, Strategic Sourcing
Company: First Republic Bank
Location: San Francisco
Posted on: February 25, 2021
At First Republic, we care about our people. Founded in 1985, we
offer extraordinary client service in private banking, private
business banking and private wealth management. We believe that
personal connections are everything and our success is driven by
the relationships we form with our colleagues and clients. You'll
always feel empowered and valued here.
Incredible teams doing exceptional work, every day
Shared Services is responsible for managing the onboarding and
ongoing management associated with conducting business with
third-party vendors and defining a consistent program for First
Republic's vendor relationships. In the process, we fulfill the
applicable negotiations to meet legal, information security,
regulatory, and financial requirements on behalf of the
organization. We also work with business units to secure, risk
assess and oversee all vendor services.
-- Duties and Responsibilities Common goals, uncommon potential
The Director, Strategic Sourcing, will lead the end-to-end sourcing
activities, including collaborating with internal stakeholders,
data analysis, market research, negotiation strategy development,
executing sourcing events, proposal analysis, vendor
license/service scope reviews, and the creation of a category plan,
obtaining approval, and presenting the results and customizing for
approval from the business owners. Acts as the relationship owner
between the assigned business areas and the Shared Services
Coordinates, supports and partners with Vendor Management team
through the sourcing process, as well as in the execution of
contracts, to ensure business requirements and negotiated terms are
finalized in the contracting and on-boarding processes. Supports
the business and Vendor Management in the on-going review of Vendor
performance as part of managing the category for the Bank.
What you'll do as a Director, Strategic Sourcing:
- Responsible for development, business owner review/approval of,
and execution of the Category Plan for assigned Categories.
- Responsible for developing and maintaining relationships with the
assigned business units.
- Directly manages strategic sourcing events including Requests for
Information, Quotes, Proposals and Reverse Auctions.
- Oversees and provide quality control for direct reports events to
ensure they meet Bank standards as well as delivering on the
category plan approved by Shared Services management and business
- Provide subject matter expertise for the Bank on industry
- Provide support, develops, and documents business processes in
support of functions managed in this role. Qualifications You could
be a great fit if you have:
- In-depth knowledge of Sourcing, Procurement, and direct
experience managing a Category for a financial institution.
- Systems experience using applications such as Coupa, Ariba,
Scout, or other sourcing (RFx, Request for Information, Quote,
Proposal and Reverse Auctions).
- 7+ years of in-depth strategic and/or operational procurement
experience with extensive knowledge of category management and
advanced strategic sourcing, ideally with subject matter expertise
- Must be able to review and analyze data reports and manuals; must
be computer proficient.
- Must be able to travel both domestically and potential
- Must be able to communicate effectively via telephone and in
person at all levels of the organization.
Own your work and your career - apply now
Are you willing to take initiative and make decisions? Are you
willing to go the extra mile because you love what you do and how
you can contribute as a team? Do you want the freedom to grow and
the opportunity to take charge of your own career? If so, then come
We want hard working team players. You'll have the independence to
learn, lead and drive change. A culture of extraordinary service,
empowerment and stability-that's the First Republic way. Come join
This job description is not intended to be all-inclusive. Employee
may perform other related duties as assigned to meet the ongoing
needs of the organization. The Company is an equal opportunity
employer. In this regard, the Company makes reasonable
accommodations for qualified applicants and employees with
disabilities in order to enable them to perform all essential job
functions, unless doing so creates an undue hardship.
First Republic is subject to federal laws that restrict the
employment of individuals with certain types of criminal histories,
including FDIA Section 19 and FINRA. To the extent not inconsistent
with our obligations under those federal laws and regulations,
First Republic will consider qualified candidates with criminal
histories in a manner consistent with the Los Angeles and San
Francisco ban-the-box laws. We're always on the lookout for top
talent and are adding new jobs every week. First Republic Bank is
committed to a policy of equal employment opportunity for all
employees and applicants for employment, without regard to race,
color, religion, sex, pregnancy, childbirth, sexual orientation,
gender identification, national origin, ancestry, age, marital
status, physical or mental disability, medical condition, genetic
information, citizenship status, veteran status or any other
legally protected category, in accordance with applicable federal,
state and local law. Banking products and services are offered by
First Republic Bank, Member FDIC and Equal Housing Lender
Investment Advisory services are provided by First Republic
Investment Management, Inc. Trust services are provided by First
Republic Trust Company and First Republic Trust Company of Delaware
LLC. Brokerage services are offered through First Republic
Securities Company, LLC, Member FINRA / SIPC . Insurance services
are provided through First Republic Securities Company, DBA Grand
Eagle Insurance Services, LLC, CA Insurance License # 0I13184, and
First Republic Investment Management, DBA Eagle Private Insurance
Services, CA Insurance License # 0K93728. Investment, Insurance and
Advisory Products and Services, and Foreign Exchange Transactions,
are Not FDIC Insured or Insured by Any Federal Government Agency,
Not a Deposit, Not Bank Guaranteed and May Lose Value.
Keywords: First Republic Bank, San Francisco , Director, Strategic Sourcing, Executive , San Francisco, California
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