Full-Time

Global Sourcing Manager

Posted on 12/3/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$103.9k - $155.9kAnnually

+ Incentive Awards + Retention Awards

Senior

Tampa, FL, USA

Category
Human Resources
Technical Recruiting
People & HR
Required Skills
Oracle
Excel/Numbers/Sheets
Requirements
  • 6-10 years of relevant experience
  • Certified Purchase Professional such as CPM or CIPS preferred
  • Experience in sourcing or procurement in a large, multi-national organization
  • Experience in leading strategic sourcing programs
  • Experience in complex deal structuring, negotiations, and contracting
  • Advanced computer skills with a focus on Microsoft Excel
  • Knowledge of Enterprise Resource Planning (ERP) systems and eProcurement tools (e.g Oracle, Procure-to-Pay, eAuction, eRFx)
  • Demonstrated strategic sourcing/procurement, stakeholder management, relationship management, and influencing skills
  • Bachelor’s degree/University degree or equivalent experience
  • Master’s degree preferred
Responsibilities
  • Oversee sourcing and supply base strategy, develop standards, policies, targets, and category strategies as well as coordinate the sourcing process for the various products and services within the procurement group
  • Lead and/or participate in global category forums maintaining high level sourcing processes and team
  • Develop and/or implement market analyses/benchmarking processes and leverage key insights to inform and support the category strategy development process
  • Develop and/or implement a strategic supplier management program to ensure optimal supply chain performance
  • Perform financial modeling and lead development and execution of negotiation strategies for high-value and complex multi-year deals
  • Set strategic direction with suppliers, establish supplier qualification criteria, develop contract requirements and master agreements, model total cost of ownership, and negotiate and manage contracts
  • Lead support for cross functional teams in developing and executing sourcing, supplier management strategies, and complex contract negotiations
  • Develop strategies for sourcing, supplier management, negotiation, productivity, and customer and supplier relationships
  • Coach and train new recruits as well as serve in informal/formal leadership roles within team
  • Has the ability to operate with a limited level of direct supervision.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and /or other team members.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Citigroup provides a variety of financial services to a wide range of clients, including individuals, businesses, and governments. Its offerings include consumer banking, credit services, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, demonstrated through its investments in environmental, social, and governance initiatives. The company's goal is to create a positive financial and social impact while ensuring growth and profitability.

Company Stage

N/A

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Citi's involvement in significant financial deals, such as the $41 million debt facility with Buyerlink, showcases its strong market presence and financial influence.
  • The company's focus on ESG initiatives aligns with growing global trends towards sustainability, potentially attracting more clients and investors.
  • Citi's technological innovations enhance its service delivery, offering employees opportunities to work with cutting-edge financial technologies.

What critics are saying

  • Operating in a highly competitive financial services market, Citi faces constant pressure to innovate and maintain its market share.
  • Global economic fluctuations and regulatory changes can impact Citi's operations and profitability, posing challenges for employees.

What makes Citigroup unique

  • Citi's extensive global network across 160 countries provides unparalleled access to cross-border financial services, setting it apart from regional competitors.
  • The company's commitment to ESG initiatives and technological innovation positions it as a forward-thinking leader in the financial services industry.
  • Citi's diverse range of services, from consumer banking to investment banking and wealth management, allows it to cater to a wide array of clients, unlike more specialized financial institutions.

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