US Bank Strategic Sourcing Senior Manager Category 

United States, Minnesota 

906171843

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 for a large Business Line. Responsible for development and support of processes and practices necessary to source and manage suppliers to produce quality products/services and manage risk. Performs strategic and tactical planning for sourcing initiatives and strategic spend management for a portfolio of spend. Project work includes recommendations relating to sourcing strategy, vendor choice, business requirements definition, focusing on vendor negotiations with medium to large vendors.

Additional responsibilities:

• Negotiates to optimize client’s budget and other financial responsibilities;

• Performs sourcing and planning;

• Reviews business standards for vendor performance;

• 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

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: $102,340.00 - $120,400.00 - $132,440.00 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.