Leads strategic sourcing initiatives by developing RFPs, RFQs, and RFIs; evaluating vendor proposals; coordinating demonstrations and reference checks; negotiating contracts up to $1 million; documenting recommendations and savings; and guiding vendor risk assessments. Partners with cross-functional teams, management, Legal, and third-party risk specialists while ensuring regulatory compliance, internal controls, and effective procurement practices.
This is a remote position.
Overview:
Works with business and support units to help source suitable vendors 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 vendors. Negotiates contracts generally up to $1 m in value.
Primary Responsibilities:
For 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 corpoate 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 vendor demonstrations, reference calls and on-site visits to short-list vendors. 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 ad 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 diversity and reflects the Bank brand.Maintain 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 for selecting the most suitable vendors at the best price. Strategic Sourcing includes a six step process that ensures we are maximizing competition and leverage when choosing vendors. As such, this position plays an important role in controlling expense and mitigating risk at the Bank. The position is responsible for ensuring contracts are papered properly, deals are well-documented and the Bank receives the best value or each dollar spent.
Similar Jobs
Artificial Intelligence • Big Data • Healthtech • Information Technology • Machine Learning • Software • Analytics
Provides executive leadership for ambulatory clinical services, population health, and value-based care programs. Oversees care management, transitional care, pharmacy support, program transformation, regulatory compliance, quality outcomes, financial performance, and multidisciplinary teams. Partners with physicians, payers, finance, and operations to improve readmissions, utilization, HEDIS and STAR measures, medication adherence, patient engagement, and total cost of care. The role is remote within the U.S., requires Mountain Time hours, and approximately 25% travel to client sites.
Artificial Intelligence • Big Data • Healthtech • Information Technology • Machine Learning • Software • Analytics
Senior Data Engineer responsible for Epic and EHR integrations supporting value-based care, risk and quality workflows, member attribution, roster management, and care-gap tools. The role designs and executes EHR development tasks, coordinates with clinical, data, operations, and development teams, documents business and data flows, evaluates AI and automation opportunities, and develops reporting to identify data-quality issues and prevent outages.
Top Skills:
Ai ToolsCaboodleClarityEhr IntegrationsEpicHealthy PlanetSQL
Artificial Intelligence • Big Data • Healthtech • Information Technology • Machine Learning • Software • Analytics
Analyzes financial data and systems, develops SQL queries and stored procedures, supports system implementations and workflows, creates actionable reporting, evaluates process improvements, and communicates financial and operational impacts. The role partners with business and technology teams to refine requirements, troubleshoot systems, recommend changes using analytics, and improve solutions involving SQL, SSIS, Databricks, and Python.
Top Skills:
DatabricksExcelJdrawPythonSQLSsisVisio
What you need to know about the Austin Tech Scene
Austin has a diverse and thriving tech ecosystem thanks to home-grown companies like Dell and major campuses for IBM, AMD and Apple. The state’s flagship university, the University of Texas at Austin, is known for its engineering school, and the city is known for its annual South by Southwest tech and media conference. Austin’s tech scene spans many verticals, but it’s particularly known for hardware, including semiconductors, as well as AI, biotechnology and cloud computing. And its food and music scene, low taxes and favorable climate has made the city a destination for tech workers from across the country.
Key Facts About Austin Tech
- Number of Tech Workers: 180,500; 13.7% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Dell, IBM, AMD, Apple, Alphabet
- Key Industries: Artificial intelligence, hardware, cloud computing, software, healthtech
- Funding Landscape: $4.5 billion in VC funding in 2024 (Pitchbook)
- Notable Investors: Live Oak Ventures, Austin Ventures, Hinge Capital, Gigafund, KdT Ventures, Next Coast Ventures, Silverton Partners
- Research Centers and Universities: University of Texas, Southwestern University, Texas State University, Center for Complex Quantum Systems, Oden Institute for Computational Engineering and Sciences, Texas Advanced Computing Center
