Principal Associate- Supply Chain: Non-Associate Labor

West Creek 5 (12075), United States of America, Richmond, Virginia

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Principal Associate- Supply Chain: Non-Associate Labor

The person filling this role will be expected to manage procurement needs for Consulting & Professional Services on our Non-Associate Labor (NAL) team. This role is responsible for ensuring that Enterprise Supplier Management is delivering value to our internal customers while respecting the policies and procedures that govern the transaction/relationship.

This individual is expected to develop Non-Associate Labor sourcing strategies, supplier communications, request for proposals (and related due diligence), cost analytics, supply market analysis, deal strategy, pricing strategy, deal negotiations (contract terms and conditions, scopes of work, pricing, service levels, etc.), contract development, and contract administration. They are also expected to act as a central point of contact for a transaction and is responsible for engaging all the internal parties relevant to a given supplier transaction.

In addition, this individual will be expected to effectively support management of the category and the unique reporting, comparative analysis and ongoing supplier maintenance requirements of the Non-Associate (Contingent) Labor space. This activity includes, but is not limited to: the maintenance of Preferred Supplier Pools (PSPs) by segment and tier; the maintenance of supplier rate cards with comparables to market peers and industry benchmarks; quarterly PSP reviews (supplier performance and need for new PSP supplier participants); ongoing evaluation of supplier competencies to ensure service coverage and alignment; ongoing evaluation of the service provider market (best practices, emerging trends); ongoing evaluation of supplier rate cards by role; reporting related to:

• PSP spend, active engagements, sourcing history

• Savings and validation process

• Channel management activity

• Demand management activity

This individual will have senior customers throughout the organization, so excellent influencing and communication skills are a must. At Capital One, Supply Chain Managers are expected to work in a collaborative environment with internal customers as well with other groups within company.

You should have:

A proven track record of delivering cost savings through strategic sourcing

Strong analytical skills

Ability to structure and comprehend numerical analysis and optimization strategies

Proven negotiation skills

Ability to build strong internal and external relationships

Experience in strategy development, process design, project delivery, or sourcing in diverse industries

Experience leading business negotiations of sourcing deals

Demonstrated ability to manage multiple projects concurrently in an autonomous environment; ability to generate and pursue ideas; complex project management skills; written and verbal communications

Basic Qualifications:

Bachelors degree or military experience

At least 2 year of experience in project management

Preferred Qualifications:

At least 5 Years of experience in Supply Chain Consulting or Supplier Management

At least 5 Years of experience in contract review, or negotiation management

At this time, Capital One will not sponsor a new applicant for employment authorization for this position

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