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SMBC Group · 3 days ago

Sourcing Manager Associate

Jersey City, NJ

Full-time

Hybrid

Mid Level

$80K/yr - $120K/yr

3+ years exp

SMBC Group is a top-tier global financial group that offers a diverse range of financial services. They are seeking a Strategic Sourcing Manager to execute category and supplier spend management strategies for third party supplier spend, focusing on general services and Market Data Services.

AdviceBankingFinancial Services

H1B Sponsor Likely

Responsibilities

Work with internal stakeholders to define requirements

Identify qualified suppliers

Design and execute the competitive process

Evaluate competitive offerings from suppliers and develop and present sourcing options that meet SMBCs business requirements

Conduct commercial term negotiations

Implement and govern buying channels

Partner and collaborate with: Regional sourcing colleagues, Internal stakeholders, Internal Procurement Operations, Third Party Risk and Contract Management, In-house Legal, Risk and Finance teams

Maintain compliance with all policy and procedural guidelines

Identify new opportunities that address or anticipate client needs Priorities Ability to effectively challenge the status quo and 'build an alliance' to deliver change

Proactive engagement with clients to identify and develop value added opportunities and comprehensive sourcing strategies

Qualification

Sourcing experienceNegotiation skillsProject managementFinancial services experienceMarket analysisCost modelingPeople skillsTechnology comfortData synthesisContract draftingRFI/RFP/RFQ knowledgeIssue resolutionCollaboration skillsLeadership skillsEffective communicationAdaptabilityInitiative-taking

Required

Bachelor's Degree required with experience in the financial services industry a plus

3 to 5 years of professional services sourcing experience

Preferred

Collaborator and leadership skills

Ability to adapt and thrive in an evolving environment

Strong business acumen

Strong issue resolution, negotiation, and project management skills

Strong people skills

Ability to engage with all management levels

Initiative-taking /self-starter with ability to work independently

Experience with PowerPoint and Excel pivot tables

High level of comfort working with technology

Ability to conduct market/industry/supplier analysis and synthesize data into a consumable format

Experience and proven ability to drive change with management direction by influencing others at all levels within the organization

Ability to communicate effectively with internal sourcing and client stakeholders

Cost Modeling: ability to understand value streams, cost drivers and how to break down cost structures to derive a TCO

Experience in drafting and redlining contracts

Strong knowledge of the key aspects of the RFI/RFP/RFQ and the sourcing process

Benefits

Annual discretionary incentive award

Competitive portfolio of benefits

Company

SMBC Group

Glassdoor3.5

SMBC Group is a top-tier global financial group.

Founded in 1590

New York, New York, USA

10001+ employees

https://www.smbcgroup.com/americas

H1B Sponsorship

SMBC Group has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (160)

2024 (87)

2023 (73)

2022 (44)

2021 (29)

2020 (26)