M&T Bank
Finance
StrategicSourcingAnalystII
“Strategic Sourcing Analyst II at M&T Bank. Skills: Strategic Sourcing, Contract Negotiation, Vendor Management, Third-Party Risk Management, Financial and business analysis. Drive strategic sourcing efforts for consulting, contracted staffing, contingent labor, and Statement of Work (SOW)–based engagements.. Structure deals, manage vendor relationships, and negotiate contracts.”
What You'll Achieve.
Deliver outcomes; Protect the bank’s best interests; Obtain the most competitive pricing and favorable terms possible; Achieved savings; Customer implications; Impacts to business operations; Ensure selected vendors are properly risk-tiered, vetted and approved; Recommend savings opportunities; Maximize competition and leverage to select the most suitable suppliers at the best price; Control expenses in the assigned category; Substantial impact on bottom line profitability of the Bank, stock price and shareholder return
Industry & Context.
Analytical skills; Challenging assumptions; Questioning recommendations; Avoiding a “check‑the‑box” or rubber‑stamp approach; Balancing adherence to established processes with flexibility and sound judgment
What They're Looking For.
Must Have
Bachelor’s degree and a minimum of 2 years’ proven financial and/or business experience, or in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ proven financial and/or business experience, Proficiency with personal computers as well as pertinent mainframe systems and software packages, including those specific to procurement, as well as spreadsheet, presentation and database software, Experience writing Requests for Proposal (RFPs) and negotiating contracts, Experience with Contract Lifecycle Management and eSignature software tools
Nice to Have
Bachelor’s degree and a minimum of 4 years proven financial and/or business experience, Strong project management foundation, ideally within Finance and/or Technology environments, with demonstrated transferable skills including stakeholder coordination, attention to detail, negotiation, and meeting facilitation., Experience with staffing, contingent labor, and/or Statement of Work (SOW)–based engagements, Prior experience on the vendor or consulting side, including direct involvement in drafting SOWs and negotiating commercial and contractual terms with clients, Demonstrated ability to assess and differentiate deal structures, project types, and SOW complexity
What You'll Do.
Drive strategic sourcing efforts for consulting
and Statement of Work (SOW)–based engagements.
manage vendor relationships
and negotiate contracts.
Guide stakeholders through the end-to-end procurement process.
Develop and execute Requests for Proposals (RFPs)
Requests for Quotes (RFQs) and/or Requests for Information (RFIs).
evaluation and scoring of vendor proposals.
Conduct multiple rounds of bids and coordinate supplier activities.
Lead contract negotiations.
Prepare documentation for recommendations and results of sourcing initiatives.
Guide business and support units through the Third-Party Risk Management Program.
Research and analyze procurement trend data and recommend savings opportunities.
Understand and adhere to the Company’s risk and regulatory standards
policies and controls.
Maintain M&T internal control standards.
How You'll Work.
Team & Collaboration
Partner closely with the business to structure deals.; Work with management to identify an Executive Sponsor and a cross-functional project team.; Guide the Project Team through the Strategic Sourcing process.; Keep the Executive Sponsor and relevant senior managers informed of progress, setbacks and obstacles.; Lead contract negotiations in conjunction with the Project Team and Legal.; Guide business and support units through the Third-Party Risk Management Program in conjunction with the Third-Party Risk Management team.; Operates within a highly collaborative environment that values shared ownership, cross-support, and collective problem-solving.
Communication Scope
Verbal and written communication skills; Presentation skills; Exceptional relationship-building and communication skills; Articulate; Professionally confident
Process & Methodology
Guiding the Project Team through the Strategic Sourcing process, Leading a kick-off meeting, Developing and executing RFPs, RFQs, and RFIs, Facilitating analysis, evaluation and scoring of vendor proposals, Coordinating activities such as supplier demonstrations, reference calls and on-site visits, Leading contract negotiations, Managing project timelines, Stakeholder coordination, Attention to detail, Meeting facilitation, Driving discussions forward, Aligning diverse parties, Exercising sound judgment, Assessing and differentiating deal structures, project types, and SOW complexity
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