Sr. Sourcing Manager - Product Card Holder Insurance and Services

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.

Visa Global Sourcing

Global Sourcing is part of the Finance organization and manages Visa’s end-to-end sourcing and procurement of goods and services. Sourcing is responsible for partnering with business owners relevant to assigned categories such as Product Card Holder Insurance and Services and others to lead all strategic sourcing activities globally to ensure optimal selection of suppliers that deliver best value in price and quality, while minimizing risk to Visa.

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 approximately USD
100 in spend across a broad range of key Product card holder insurance and services suppliers. The specific focus on this role will involve stakeholders to define a vision, then delivering upon that vision through execution of Sourcing activities. This role will partner closely with key stakeholders across Visa including, but not limited to SVP, VP-level leaders globally. In this role, he / she will provide Sourcing subject matter expertise, deep market insights and strategic guidance to business leaders by understanding their strategy, initiatives and plans.

This person will be expected to deliver against an annual savings target.

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. Key responsibilities include, bPSut are not limited to the following:

• This role supports several Visa executive leaders including Product, strategy, sales, corporate functions as well as other key stakeholders within Visa
• Build strong relationships with business partners to drive Sourcing engagements and influence role of Sourcing within the various business teams. This person can expect direct visibility to senior executives including, but not limited to, Visa’s SVP, and Leadership Team members.
• Regularly update executives at all levels of the company on deal status, category reporting, etc. Provide continuous written and verbal updates to the business partners, suppliers and other stakeholders on the status of deal.
• Take a global view to ensure that Visa leverages its scale domestically and internationally.

• Deliver end-to-end sourcing services. Lead sourcing processes, including executing RFx processes, conduct negotiations, review contracts, and manage other sourcing-related activities. Ensure that all procurement actions are efficient, cost-effective, and compliant with Visa's policies
• Participate in supplier selection and moderately complex contract negotiations, involving legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, and ensure end-user needs are met and deliver cost savings
• Drive completion of simultaneous projects by proactively considering new alternatives and driving critical thinking to optimize results
• Build relationships and effectively partners across varied functions with internal stakeholders, external suppliers, agencies, and colleagues to foster open and collaborating communication and influence change
• Create, write, negotiate, and review supplier contracts.…