AVP, Sourcing

Role Overview

• execute and carry out the sourcing process, ensure supplier compliance during onboarding and engagement for renewal time periods
• review contractual agreements of assigned suppliers
• develop certain sourcing category strategies for Global hubs (US and Asia)
• manage and mitigate supplier as well as business risks
• work closely with the Business leaders and Sourcing Leaders
• regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or Sourcing Leaders to provide guidance and direction to functional teams
• examine scope, cost, availability of products/services and market conditions to complete projects
• drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities
• leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions
• oversee supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process
• conduct and assist RFIs/RFPs, market research and identification, qualification and competitive analysis of required products and services
• utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions
• support implementation of improvement to Sourcing operating plan as well as the overall Sourcing process
• create PowerPoint/Excel materials for review with senior and executive management teams, as required
• support updating of all purchasing-related SOPs
• utilize the Synchrony AI tool to enhance operational efficiency and drive data-driven decision-making.

Requirements

• Minimum of 7 years of experience within Sourcing (including but not limited to category management, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution and delivering value.
• Experience within Financial Service or Banking Industry
• Demonstrated project management skills
• Must have proven strong facilitation skills and experience delivering presentations
• Must have proven quantitative and analytical skill set
• Experience providing outstanding oral and written communication skills at all levels of the organization
• High enthusiasm and desire to work in fast paced, ever changing environment
• Proven ability to manage complex initiatives across multiple teams/platforms
• Ability to work independently and effectively manage multiple priorities with little supervision
• Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
• Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application.

Tech Stack

• Oracle

Benefits

• best-in-class employee benefits and programs that cater to work-life integration and overall well-being.
• career advancement and upskilling opportunities for all to take up leadership roles.