Participate in the sourcing process for the various products and services within the sourcing team
Perform Sourcing activities with attention to mitigating risk by driving standard process, procedures and controls while ensuring Risk & Control Audit readiness
Manage projects related to contracting processes, ensuring proper document maintenance and administration
Facilitate sourcing process and assist cross-functional team in developing and executing sourcing strategies, supplier management strategies, and contract negotiations including drafting and red-lining contracts
Support all aspects of sourcing and contract processes including strategy, negotiation, contract approval, execution, contract extension, amendment, and termination
Liaise with sourcing team, legal, internal customers, and suppliers to meet audit guidelines and adhere to Citi processes and procedures
Ensure compliance with strict risk and control procedures throughout the contract management process
Collaborate with other teams to develop efficient end-to-end contract management processes
Manage the analysis, negotiation and draft of contract documents, as well as oversee contracting process to minimize risk exposure while providing optimal terms and conditions for the contracted goods or services
Identify opportunities to leverage new and existing tools and processes to create process efficiencies
Foster a culture of continuous learning and development within the team
May perform country specific sourcing tasks from time to time, including spend analysis, market data analysis, cost financial analysis, eRFX/eAuction, saves reporting, contract management
Conducts routine operational or administrative work
Administers defined procedures, analyses and report preparation
Manages execution of project in accordance with organization's project management methodology
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
Qualifications:
0-2 years relevant experience
Some knowledge of contract management principles, processes, and best practices
Experience in using contract management tools and software
Some understanding of procurement processes and supplier management
Experience in project management, with the ability to manage multiple projects simultaneously
Ability to work collaboratively in a cross-functional team environment
Continuous learning mindset and willingness to stay updated with industry trends and developments in contract management practices
Skills:
Good communication and interpersonal skills to effectively engage with stakeholders at various levels
Attention to detail and ability to ensure compliance with internal policies and external regulations
Good organizational skills to effectively manage multiple projects and prioritize tasks
Excellent attention to detail to ensure accuracy and compliance in contract management processes
Strong problem-solving skills to address contract-related issues and find practical solutions
Ability to collaborate and work effectively with cross-functional teams and stakeholders
Negotiation and persuasion skills to engage with suppliers and ensure favorable contract terms
Adaptability and flexibility to thrive in a fast-paced and evolving business environment
Strong customer service orientation and relationship-building skills to effectively collaborate with internal stakeholders and external suppliers, fostering positive working relationships
Education:
Bachelor's degree in a relevant field such as business administration, supply chain management, or finance (or equivalent experience)