OVERVIEW:
Works with business and support units to understand needs, formulate strategies,
and source suitable suppliers at the best price to meet requirements. Carries
out the Strategic Sourcing process designed to maximize competition and leverage
when selecting and contracting with chosen suppliers. Negotiates contracts
generally between $500K and $5M
in value.
Work Model & Office Locations:
This role follows a hybrid work model, requiring onsite presence four days per
week at one of M&T Bank’s regional offices.
PRIMARY RESPONSIBILITIES:
* For major sourcing initiatives, work with management to identify an Executive
Sponsor and a cross-functional project team to ensure appropriate buy-in,
support and participation throughout the project.
* Guide the Project Team through the Strategic Sourcing process and keep the
Executive Sponsor and relevant senior managers informed of progress, setbacks
and obstacles. Lead a kick-off meeting with the Project Team to clarify the
objectives, strategy and proposed timeline of the sourcing initiative.
Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs)
and/or Requests for Information (RFIs) based on identified business needs,
market conditions and corporate standards. Facilitate analysis, evaluation
and scoring of vendor proposals against criteria established and agreed on by
the Team. Conduct multiple rounds of bids and coordinate activities such as
supplier demonstrations, reference calls and on-site visits to short-list
suppliers. Lead contract negotiations in conjunction with the Project Team
and Legal to ensure we obtain the most competitive pricing and favorable
terms possible.
* Prepare sufficient documentation to inform Executive Sponsor and senior
managers of recommendations and results of the sourcing initiative, including
any achieved savings, customer implications and impacts to business
operations.
* Guide business and support units through the Third-Party Risk Management
Program in conjunction with the Third-Party Risk Management team to ensure
selected vendors are properly risk-tiered, vetted and approved before
executing a contract.
* Research and analyze procurement trend data at the Bank and recommend savings
opportunities to associated business lines and support functions.
* Understand and adhere to the Company’s risk and regulatory standards,
policies and controls in accordance with the Company’s Risk Appetite.
Identify risk-related issues needing escalation to management.
* Promote an environment that supports belonging and reflects the M&T Bank
brand.
* Maintain M&T internal control standards, including timely implementation of
internal and external audit points together with any issues raised by
external regulators as applicable.
* Complete other related duties as assigned.
SCOPE OF RESPONSIBILITIES:
Strategic Sourcing is a structured process that maximizes competition and
leverage to select the most suitable suppliers at the best price. As such, this
position is critical to expense control at the Bank. The position is responsible
for one or more categories of spending that occur at the Bank and has overall
responsibility for controlling expenses in the assigned category across the
entire organization, inclusive of all subsidiaries, business units and cost
centers. Typically, categories assigned to the position have between $500K - $5M
in annual spending. Consequently, a small percentage impact in these categories
can have substantial impact on bottom line profitability of the Bank, stock
price and shareholder return.
EDUCATION AND EXPERIENCE REQUIRED:
* Bachelor’s degree and a minimum of 2 years’ proven financial and/or business
experience, or in lieu of a degree, a combined minimum of 6 years’ higher
education and/or work experience, including a minimum of 2 years’ proven
financial and/or business experience
* Proficiency with personal computers as well as pertinent mainframe systems
and software packages, including those specific to procurement, as well as
spreadsheet, presentation and database software
* Strong time management skills
* Detail-oriented with strong organizational and analytical skills
* Strong verbal and written communication skills
* Experience interacting with all levels of management
* Strong presentation skillsExperience writing Requests for Proposal (RFPs) and
negotiating contracts
* Experience with Contract Lifecycle Management and eSignature software tools
EDUCATION AND EXPERIENCE PREFERRED:
* Bachelor’s degree and a minimum of 4 years proven financial and/or business
experience
#LI-RS1
M&T Bank is committed to fair, competitive, and market-informed pay for our
employees. The pay range for this position is $62,200.00 - $103,600.00 Annual
(USD). The successful candidate’s particular combination of knowledge, skills,
and experience will inform their specific compensation.
LOCATION
Buffalo, New York, United States of America