1+ months
2018-06-132018-09-12

Senior Manager, Supplier Management

Capital One
McLean, VA
McLean 1 (19050), United States of America, McLean, Virginia

At Capital One, were building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Senior Manager, Supplier Management

Level: Senior Manager

Summary:

A Senior Manager, Supplier Management is responsible for the holistic relationship between Capital One and assigned spend categories or material third party relationships, to ensure a stable and efficient supply chain. This position is responsible for key cost management, risk management, and performance management related tasks for each of their assigned third party relationships. Specific spend category or third party relationship responsibilities will be assigned to each Senior Manager, Supplier Management based upon the needs of a particular Business Unit or Staff function. Depending upon organizational needs, Senior Manager, Supplier Management roles may be embedded in operations or horizontal support groups, or they may be consolidated in centralized third party management-like functions. A Senior Manager, Supplier Management is accountable for ensuring that all Corporate or Business Unit level policies and procedures are adhered to and for ensuring that appropriate documentation exists for all of their assigned third party relationships. A Senior Manager, Supplier Management is expected to work in a collaborative environment with internal customers, as well as with other appropriate stakeholder groups within Capital One.

Responsibilities:

Lead and develop a team of supplier managers across one or more spend categories

Lead executive level conversations with assigned third party relationships

Deliver year over year cost savings in assigned spend categories or with managed third party relationships

Lead development and execution of category/supplier strategies

Partner with internal budget owners to deliver against operating or marketing budgets

Partner with appropriate stakeholders on negotiations for all managed third party relationships

Accountable for proper invoice review, reconciliation and payment

Assist in development of, and monitor, SLA's for material third party relationships

Resolve performance related issues/escalations with third parties

Produce regular performance related reporting for internal stakeholders

Manage on-boarding/off-boarding of third parties

Proactively identify and mitigate category risks.

Synthesize risk and performance related data into a holistic assessment of assigned third parties

Accountable for TPM policy requirements for all managed third party relationships

Accountable for category or third party-related audits

Partner with internal risk groups to ensure third party relationships are compliant with all relevant requirements

Partner with appropriate stakeholders on sourcing activities which impact managed third party relationships

Maintain constant awareness of external marketplace as it relates to third parties and/or relevant internal capabilities

Identify mutually beneficial opportunities with third parties

Travel to various third party sites and corporate locations when required.

Additional duties as assigned 

Basic Qualifications:

Bachelors Degree in Business

At least 7 years of experience in Risk management

At least 7 years of experience in Outsourcing and procurement

At least 7 years of experience in Conceptualizing and structuring complex business transactions

At least 7 years of experience in Complex commercial transaction negotiations

At least 7 years of experience in Communications, presentations, and writing

Preferred Qualifications:

Masters Degree in Business Administration (MBA) or Juris Doctorate

At least 10 years of experience in Risk management

At least 10 years of experience in Outsourcing and procurement

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

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Senior Manager, Supplier Management

Capital One
McLean, VA

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