SC Sourcing Manager
Citi Bank
5 - 8 years
Chennai, Mumbai
Posted: 05/02/2025
Job Description
The Supply Chain (SC) Sourcing Manager is an intermediate management level position responsible for providing full leadership and direction to a team of employees with focus on procurement activities in coordination with the Corporate Services team. The overall objective of this role is to ensure the seamless delivery of goods and services requested by company personnel in support of the company's business.
Responsibilities:
- Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions)
- Manage requests for proposal, eAuction, supplier negotiations, financial analysis, and contract administration
- Identify opportunities to leverage sourcing of procurement and utilize procurement tools and processes to research supplier and commodity information as well as report and record procurement transactions
- Manage the analysis, negotiation, drafting, and implementation of contracts, as well as oversee contracts/suppliers for compliance, deliverables, and opportunities
- Analyze supplier proposals to identify savings, commitments, and opportunities as well as work with suppliers to measure/track performance and reporting requirements
- Communicate with stakeholders to reduce the total cost of ownership of the procurement process as well as plan and negotiate agreements to minimize risk and exposure, and provide optimal terms and conditions
- Monitor the supplier market and identify opportunities resulting from new product offerings and/or market shifts
- Contribute to corporate initiatives including approved supplier program, diversity spend program, service excellence, procure-to-pay program and achieving annual measurement goals
- Liaise with sourcing team, legal, internal customers, and suppliers to ensure all audit guidelines are met and adherence to Citi processes and procedures is achieved
- Has the ability to operate with a limited level of direct supervision.
- Can exercise independence of judgement and autonomy.
- Acts as SME to senior stakeholders and /or other team members.
- Ability to manage teams.
- 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 5-8 years of relevant experience
- Experience within contract and vendor management
- Experience working within the parameters of set policies and procedures in a large multinational firm
- Demonstrated knowledge of finance/accounting
- Proficient computer skills with a focus on Microsoft Office applications
- Consistently demonstrates clear and concise written and verbal communication
Education:
- Bachelor’s degree/University degree or equivalent experience
About Company
Citi Bank, officially known as Citibank, is a global financial institution and the consumer division of Citigroup, a leading multinational banking corporation. Established in 1812, Citibank provides a wide range of financial services, including retail banking, credit cards, personal loans, wealth management, and investment banking. With a strong presence in over 100 countries, it serves millions of customers worldwide, offering both individual and business banking solutions. Citibank is known for its digital banking innovations, global reach, and commitment to financial inclusion and economic growth.
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