M&T Bank

Financial Services

StrategicSourcingAnalystII

$1–1k Buffalo, New York, United States; Baltimore, Maryland, United States; Bridgeport, Connecticut, United States; Washington, District of Columbia, United States; New York, New York, United States; Iselin, New Jersey, United States; Paramus, New Jersey, United States FULL TIME Remote Friendly
The Brief

“Strategic Sourcing Analyst II at M&T Bank. Skills: Strategic Sourcing, Contract negotiation, RFP development. Identify Executive Sponsor for sourcing initiatives. Formulate sourcing strategies”

What You'll Achieve.

Maximize competition; Maximize leverage; Select suitable suppliers; Meet requirements; Achieve savings; Control expenses

Industry & Context.

Financial Services
Problems you'll solve

Organizational skills; Analytical skills

What They're Looking For.

Must Have

2 years financial experience, 2 years business experience, Proficiency with personal computers, Proficiency with pertinent mainframe systems, Proficiency with software packages, Proficiency with procurement software, Proficiency with spreadsheet software, Proficiency with presentation software, Proficiency with database software, Experience interacting with all levels of management, Experience writing Requests for Proposal (RFPs), Experience negotiating contracts

Nice to Have

4 years proven financial experience, 4 years business experience, Experience with Contract Lifecycle Management software, Experience with eSignature software tools

What You'll Do.

Identify Executive Sponsor for sourcing initiatives

Formulate sourcing strategies

Source suitable suppliers

Negotiate supplier contracts

Guide Project Team through Strategic Sourcing process

Inform Executive Sponsor of progress

Lead kick-off meeting with Project Team

Develop Requests for Proposals (RFPs)

Develop Requests for Quotes (RFQs)

Develop Requests for Information (RFIs)

Facilitate analysis of vendor proposals

Facilitate evaluation of vendor proposals

Facilitate scoring of vendor proposals

Conduct multiple rounds of bids

Coordinate supplier demonstrations

Coordinate supplier reference calls

Coordinate supplier on-site visits

Lead contract negotiations

Prepare documentation for senior managers

Guide units through Third-Party Risk Management Program

Ensure selected vendors are risk-tiered

Ensure selected vendors are vetted

Ensure selected vendors are approved

Research procurement trend data

Analyze procurement trend data

Recommend savings opportunities

Understand risk and regulatory standards

Adhere to risk and regulatory standards

Identify risk-related issues

Escalate risk-related issues to management

Promote an environment that supports belonging

Maintain M&T internal control standards

Implement internal audit points

Implement external audit points

Implement issues raised by regulators

Complete related duties as assigned

How You'll Work.

Team & Collaboration

Cross-functional project team; Work with management; Coordinate with Legal; Coordinate with Third-Party Risk Management team

Communication Scope

Verbal communication; Written communication; Presentation skills

Process & Methodology

Strategic Sourcing process, Project team guidance

Free ATS check

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