Principal Associate, Sourcing Manager

West Creek 4 (12074), United States of America, Richmond, VirginiaPrincipal Associate, Sourcing ManagerAt Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple — bring ingenuity, simplicity and humanity to an industry ripe for change. We are seeking a Principal Associate, Sourcing Manager to join our Enterprise Supplier Management (ESM) Team! In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver superior experiences for both internal and external clients.This Sourcing Manager position will develop strategy for and execute med - high risk and high impact procurement efforts across the company. This is an individual contributor role.Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Financial related services, Marketing related services, HR-related services, Travel management services, Professional Services, and IT/SaaS related Services.The selected candidate will have experience in strategic sourcing – ideally in the technology or services industry. He or she will have demonstrated the ability to drive positive business outcomes through the supply chain, have great communication and influence skills, high analytical proficiency, and demonstrated ability to negotiate agreementsResponsibilities:

Analyze external industry trends and benchmarks, as well as develop and share market insights

Provide problem-solving and innovative ideas to support internal customers' needs. Identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth).

Communicates with leaders across the organization on a regular basis to ensure transparency into process, risk mitigation, issues, and etc.

Clearly articulates cost drivers and pricing analysis for strategy formulation.

Supports the development of procurement strategies including RFx, eSourcing, direct negotiations, make–versus-buy strategies, and etc.

Leads with creative sourcing methods - balance cost, speed, and quality based on internal customer needs

Build strong internal and external relationships, understand the procurement parameters and look for new opportunities

Manage multiple projects concurrently in an autonomous environment

Use procurement software tools

Support the development and execution of category strategies

Partner to negotiate contracts for a broad range of services for Capital One

Basic Qualifications:

At least 3 years of experience in sourcing and procurement

At least 3 years of experience in risk management

At least 3 years negotiating supplier agreements

Preferred Qualifications:

Bachelor's Degree or Military Experience

4+ years of experience in outsourcing and procurement

4+ years of experience in risk management

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website (https://www.capitalonecareers.com/benefits) . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.comCapital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).