VP, Sourcing

JOB_POSTING-3-70741-23

Job Description

Role Summary/Purpose:

The VP, Sourcing will be responsible for sourcing products and services essential for our Growth Marketing function. Role will be responsible for all phases of sourcing that require skills necessary to identify cost saving opportunities, assure continuity of supply, create competitive environments, creatively negotiate and generate contracts to assure seamless availability of products and services. This role will partner with business stakeholders in leading the development of the sourcing strategy and meeting business objectives. Role will also be responsible for developing strong cross functional and supplier relationships, executing the sourcing process utilizing Coupa tool and develop a cadence of clear communication of project status to both business stakeholders, sourcing leaders and suppliers.

Our Way of Working

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Responsibilities

• Partner with key stakeholders to develop comprehensive sourcing strategy aligned with the company's overall business objectives.
• Continuously assess and adjust the strategy to respond to market dynamics and industry trends.
• Supplier Relationship: Build and maintain strategic relationships with key suppliers. Negotiate and manage supplier contracts, pricing, renewals and performance to ensure the highest quality and cost-effective solutions.
• Cost Management: Drive cost-saving initiatives through strategic sourcing, negotiation, and process optimization. Identify opportunities for cost reduction and efficiency improvements.
• Lead category sourcing with autonomy and accountability over buy and cost reduction targets.
• Provide leadership to Growth Marketing function with strong process responsibility to ensure our policies and process are followed to meet business timelines and objectives.
• Execute on cost reduction targets, supplier consolidation and utilization and partner with the assigned function to drive sourcing strategies across the functions and Synchrony.
• Ensure sourcing process integrity and maintain compliance to company policies.
• Develop comprehensive partnership with Legal and business owners to negotiate and draft agreements with appropriate business protections.
• Conduct RFPs, RFQs, supplier research and identification, benchmarking, qualification and competitive analysis of required products and services.
• Ability to travel up to 25%.
• Perform other duties and/or special projects as assigned.
  
  

Qualifications/Requirements

• Bachelor’s degree with a minimum 7+ years of progressive leadership experience in sourcing or related function and demonstration of strong leadership, execution, and significant business and bottom-line contributions
• Experience working in the Financial Services Industry
• Proficiency in Microsoft Office applications, including Word, Excel, and PowerPoint
  
  

Desired Characteristics

• 4+ years of Sourcing experience managing marketing products and services
• Proven strong facilitation skills and experience delivering presentations
• 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 track record working work independently and effectively managing multiple priorities
• Demonstrated experience managing complex initiatives across multiple teams/platforms
• Strong commercial skills and ability to interact with suppliers
• Demonstrated project management skills
• Proven quantitative and analytical skill set
  
  

Grade/Level: 12

The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements

• You must be 18 years or older
• You must have a high school diploma or equivalent
• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
  
  

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Our Commitment

When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard—but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+, with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice

• Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
• If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time
  
  

Job Family Group

Sourcing