Sourcing Manager

Company: Visa
Location: Austin
Posted on: May 26, 2023

Job Description:

Company DescriptionVisa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.When you join Visa, you join a culture of purpose and belonging - where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world - helping unlock financial access to enable the future of money movement.Join Visa: A Network Working for Everyone.Job DescriptionOverview:Visa Technology Sourcing is seeking a Sourcing Manager to join its Technology Labor Sourcing team. In support of Visa's internal technology partners, the three primary functions of this role are: (1) identify and negotiate cost savings (2) negotiate contractual language and (3) manage the Services Procurement Program and BPO resources. This role reports to a Senior Director supporting one of Visa's Global Technology Sourcing Categories. The position comes with the responsibility of managing a midsize portfolio of Visa technology labor supplier relationships.Essential Functions:Category Expertise

• Work with the Sr. Director of the Technology Labor Category and Visa Technology to establish the Supplier / Labor Strategy for the assigned sub-categories
• Understand the Visa Technology footprint and supporting services, the suppliers providing professional services and effectively communicate these to Sourcing executives and Technology stakeholders
• Demonstrate knowledge and skills which aid in the ability to perform market analysis which ultimately support the needed labor and services and drive recommendations to the Technology teams
• Work across multiple organizations, including Finance, Technology and HR business to enable process and tool improvements
• Partners with the BPO resources to enable increased efficiencies, procurement controls and enhanced program alignment
• This role is global and supports all Technology lanes at Visa, focusing on Labor and Professional ServicesSourcing Capabilities - Commercial & Contract Negotiations
  • Negotiate and drive best-in-class deals for Visa. This is a strategic role and will include numerous enterprise-level engagements
  • Drive multi-vendor strategies to optimize Visa's leverage and reduce operational risk. Effectively use RFX events to support Visa's Technology organization.
  • Perform savings tracking and report realized savings on a continuous basis
  • Negotiate contract terms and conditions as a first line of defense, in partnership with Visa Legal
  • Define Sourcing Strategies and develop effective communication skills which facilitate the delivery of those strategies to key business partners, Sourcing leadership and other stakeholdersRelationship Building:
    • Build strong relationships with Technology, Finance, and HR business partners to drive Sourcing engagement
    • Provide continuous written and verbal updates to the business partners, suppliers and other stakeholders on the status of deals
    • Regularly update the appropriate executives within Visa deal status, category reporting, etc. This role will have direct visibility to senior-level executives across VisaThis is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office two days a week, Tuesdays and Wednesdays with a general guidepost of being in the office 50% of the time based on business needs.QualificationsBasic Qualifications:
      
      * 5+ years of experience as a sourcing and/or procurement professional, preferably with a focus on services/labor spend and vendor relationships
      
      
      
      Preferred Qualifications:* 3+ years of experience assisting in, or leading, the development and management of category plans or sourcing strategies
      
      * Demonstrated understanding of the Technology Professional Services category, including Application Development and Maintenance (ADM), System Integration (SI) and IT Consulting key contract terms and emerging market trends
      
      * Excellent written, oral and presentation skills and an ability to synthesize complex and technical information into clear recommendations on course of action
      
      * Demonstrated technology agreement negotiation experience
      
      * Experience managing technology business users, including excellent relationship management skills
      
      * Ability to influence at an executive level both internally and externally.
      
      * High level of self-motivation and initiative, and ability to operate as a team player
      
      * Willingness to offer thought leadership, to think creatively, and to offer new ways to approach old problems
      
      * Undergraduate degree required, preferable in business, supply chain, economics, computer science or engineering related fieldAdditional InformationWork Hours: Varies upon the needs of the department.Travel Requirements: This position requires travel5-10% of the time.Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.
      U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 101,800.00 to 132,300.00 USD, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity.
      Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.

Keywords: Visa, Austin , Sourcing Manager, Executive , Austin, Texas