Sr. Sourcing Manager - Category

Company Description

Visa is a world leader in payments technology, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories, dedicated to uplifting everyone, everywhere by being the best way to pay and be paid.

At Visa, you'll have the opportunity to create impact at scale — tackling meaningful challenges, growing your skills and seeing your contributions impact lives around the world. Join Visa and do work that matters — to you, to your community, and to the world.

Progress starts with you.

Job Description

As part of Visa’s Global Sourcing team within Finance, the Senior Sourcing Manager will lead strategic sourcing initiatives for a subcategory within People (HR) category, which includes benefits (medical, pension, disability), mobility, talent acquisition, and learning & development services for Visa employees worldwide.

Reporting to the Senior Director, Global Sourcing, you will act as a trusted advisor, providing market insights and sourcing expertise to influence HR strategies and deliver measurable savings.

Global Sourcing is part of the Finance organization and manages Visa’s end-to-end sourcing and procurement of goods and services. This role partners closely with senior stakeholders across Visa’s global regions to deliver cost optimization, risk mitigation, and supplier strategies aligned with business objectives.

Overview:

Reporting to the Sourcing - Senior Director of Global Sourcing, this Sr. Manager will serve as an individual contributor and own a portfolio in support of Visa’s Sourcing organization. Year-over-year, this person will oversee spend with suppliers relating to the People initiatives

This role will partner closely with key stakeholders across Visa including but not limited to VP and Senior Directors of Benefits, Mobility, Talent and regional leaders across Visa’s 5 global regions. In this role, he / she will provide subject matter expertise in offer market insights and guide business through Sourcing process to influence their strategy, initiatives and plans. This person will be expected to deliver against an annual savings target among other key objectives.

Essential Functions:

This is a mid-level role within Visa’s Global Sourcing organization and the responsibilities range from building relationships with business and supplier executives and working with stakeholders at all levels of the organization to drive strategic decision, to leading sourcing business partners to deliver savings while balancing the risks and regulatory issues from engaging third parties.

This role demands a strategic thinker with strong negotiation skills, in-depth knowledge of global insurance markets, and the ability to build strong relationships with internal stakeholders and external suppliers. Your expertise will be crucial in optimizing Visa's spend on employee insurance benefits while ensuring compliance, managing risks, and aligning with company objectives.

Key Responsibilities

Strategic Sourcing & Category Management

• Lead end-to-end sourcing for People category: RFX processes, negotiations, contract reviews, and supplier management.
• Develop global supplier strategies and optimize spend across benefits, insurance, and HR services.
• Conduct market analysis to identify trends, benchmark pricing, and recommend innovative solutions.
• Negotiate optimal contract commercial terms and structures (MSAs, SOWs) ensuring compliance, risk management, and favorable T&Cs
• Collaborating with Category Teams and Visa Stakeholders:
  Work closely with category teams and key stakeholders within Visa to establish supplier strategies This includes identifying and partnering with preferred insurance carriers to optimize spend and service quality for Visa employees worldwide.

Stakeholder Engagement

• Build strong relationships with HR leaders, including VPs and Directors, and influence sourcing strategies.
• Provide regular updates on deal status, category performance, and sourcing initiatives to senior executives.
• Collaborate with cross-functional teams (Legal, Risk, Data Privacy, Cybersecurity) to ensure alignment and compliance.
• This role…