Sourcing Manager

  • Company: Capital One
  • Location: Richmond, Virginia
  • Posted: January 12, 2017
  • Reference ID: R17336
West Creek 5 (12075), United States of America, Richmond, Virginia

Sourcing Manager

At Capital One, we march to a different beat! While we may be a top-10 bank by deposits, we operate and innovate with the vigor of a start-up. With thousands of employees, we never lose anyone in the shuffle, but celebrate individuals with respect and exceptional benefits. And we don’t just fill positions, but recruit the best and the brightest people that know how to set industry trends and wow consumers.

Capital One has celebrated milestones, including:

  • Top-10 bank by deposits
  • 148 on the Fortune 500
  • 1,000 bank branches
  • 2,200 ATM locations
  • More than 31,500 associates globally
  • 50 million customer accounts

If you’re a bright and organized individual, then we’d love to welcome you to a fast-paced team of innovators that know how to get the job done. And at one of the “100 Best Companies to Work For,” you’ll continue to grow and be challenged in the place you’ve been looking for all along. We hope you join us today.

Capital One is looking for an experienced Sourcing Manager located in Richmond or McLean, Virginia, to join its team.  The individual filling this role will need to have sound procurement skills, deep relationship management skills, and strong consultative skills.  This individual will work across many categories and will own the end-to-end process of bringing new suppliers into the Capital One network.

Their responsibilities will include sourcing strategies, category strategies, supplier communications, request for proposals (and related due diligence), competitive intelligence, and deal strategy & negotiations (contract terms and conditions, scopes of work, pricing, service levels, etc.). They will also assist a dedicated Contract Manager to negotiate and finalize the supplier agreements.

The Sourcing Manager is expected to work within a highly collaborative, entrepreneurial environment. The Sourcing Manager will interact closely with members of Enterprise Supplier Management, colleagues across different Capital One lines of business, and representatives from third-party suppliers. Excellent influencing and communication skills are a must. They will need to demonstrate positive energy, innovative ideas, proactive and results oriented workstyle, and the ability to adapt quickly to change.

  • Proven negotiation skills with a track record of delivering cost savings whilst maintaining quality through strategic sourcing
  • Experience managing large scale supplier or partner relationships from a contracting, sourcing and ongoing risk management perspective
  • Ability to analyze external industry trends and benchmarks, as well as develop and share market insights
  • Experience in strategy development, process design and project delivery
  • Ability to build strong internal and external relationships, understand the procurement parameters and look for new opportunities
  • Proven experience consulting with internal and external business partners to drive & influence strategic decision-making
  • Strong analytical skills with the ability to challenge the status quo
  • Excellent communication and presentation skills
  • A demonstrated ability to manage multiple projects concurrently in an autonomous environment; ability to generate and pursue innovative ideas; complex project management skills; written and verbal communications

  • Bachelor’s degree or military experience
  • At least 5 years of experience in sourcing, or at least 5 years of experience in RFP development, or at least 5 years of experience in supplier negotiations
  • At least 5 years of experience in contract review
  • At least 5 years of experience in negotiation management
  • At least 1 year of experience in project management

  • MBA
  • 7 Years of experience in sourcing, or 7 years of experience in RFP development, or 7 years of experience in supplier negotiations
  • 7 years of experience in negotiation management

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

Share this Job