US Bank Strategic Sourcing Manager Category Corporate 

United States, Minnesota, Minneapolis 

138422361

Job Description

U.S. Bank is seeking a Sourcing Manager with vendor management and contractual negotiation experience to contribute toward the success of our vendor expense initiatives. Responsibilities include the support of processes and practices necessary to source and manage suppliers to produce quality products/services and manage risk. Performs tactical planning for sourcing initiatives and spend management for a portfolio of spend. Project work includes recommendations relating to vendor choice, negotiation strategy, business requirements definition focusing on vendor negotiations with an array of vendors.

Additional responsibilities:

• Negotiates commercial terms to optimize client’s needs and budget;

• Coordinates activities related to anticipating, negotiating, and executing the managed contracts;

• Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards;

• Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company;

• Performs sourcing and planning;

• Reviews business standards for vendor performance;

Basic Qualifications

• Bachelor's degree in business, finance, supply chain management or logistics, or equivalent work experience

• At least one year of related experience

Preferred Skills/Experience

• Interest in financial services and technology with a willingness to learn

• Curiosity and willingness to seek out information

• Demonstrated project management skills

• Effective verbal and written communication skills

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,820.00 - $109,200.00 - $120,120.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.