AVP, Sourcing Manager (L10)

Job Description:

Role Title: AVP, Sourcing Manager (L10)

Company Overview:

Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation’s most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is proud to be named as #3 as a Great Place to Work® in India and is honored to be ranked the #1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.

Role Summary/Purpose:

The AVP Sourcing will execute and carry out the sourcing process, ensure supplier compliance during on-boarding and engagement for renewal time periods, review contractual agreements of assigned suppliers, including developing certain sourcing category strategies for Global hubs (US and Philippines). In this role, you will manage and mitigate supplier as well as business risks and work closely with the Business leaders and Sourcing Leaders.

Key Responsibilities:

• Regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or Sourcing Leaders to provide guidance and direction to functional teams, with strong process responsibility to develop comprehensive plan to execute while meeting business needs (i.e., examine scope, cost, availability of products/services and market conditions to complete projects).
• Expertise on Global Supply markets (US and Philippines) in terms of supplier/products/services and local compliance requirement for suppliers.
• Drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities.
• Leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions.
• Oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process.
• Conduct and assist RFIs/RFPs, market research and identification, qualification and competitive analysis of required products and services.
• Utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions.
• Work with Sourcing Team Leader to identify, streamline and support implementation of improvement to Sourcing operating plan as well as the overall Sourcing process.
• Identify, streamline and drive implementation of sourcing strategies for various commodities (majorly but not limited to Technology, Marketing, Contingent Labour, Facilities) as per Business requirement.
• Work with Supplier Management teams and the functional businesses to ensure alignment with strategies, goals, and objectives.
• Regularly monitor, track and report on Sourcing projects to ensure adherence to cycle-time performance metrics.
• Create PowerPoint/Excel materials for review with senior and executive management teams, as required.
• Support updating of all purchasing-related SOPs.
• Perform other duties and/or special projects, as assigned.
• Ability to perform in Global environment and support global working hours as per business needs.

Required Skills/Knowledge :

• Bachelor’s degree with a minimum 8 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections) or in lieu of a degree 10 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections)
• Minimum of 8 years of expertise within Sourcing (including but not limited to category strategy, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution and delivering value.
• Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
• Ability to work shifts that meet business needs (mid-shift overlapping US time-zone), including weekends and holidays
• Experience working with US Stakeholders and US Suppliers is a must.

Desired Skills/Knowledge

• Experience within Financial Service or Banking Industry, Manufacturing
• Hands-on experience with executive leadership report-outs.
• Experience in Facilities and Securities Sourcing commodities.
• Demonstrated project management skills
• Must have proven strong facilitation skills and experience delivering presentations
• Must have proven quantitative and analytical skill set
• Experience providing outstanding oral and written communication skills at all levels of the organization
• High enthusiasm and desire to work in fast paced, ever changing environment
• Proven ability to manage complex initiatives across multiple teams/platforms
• Ability to work independently and effectively manage multiple priorities with little supervision
• Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application

Eligibility Criteria:

• Bachelor’s degree with a minimum 8 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections) or in lieu of a degree 10 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections)

Work Timing: 3:00 AM to 12:00PM EST

This role qualifies for Enhanced Flexibility offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time – 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs)
We are proud to offer flexibility at Synchrony. Our way of working allows you the option to work from home or workspaces in our Regional Engagement Hubs—Hyderabad, Bengaluru, Pune, Kolkata, or Delhi/NCR.
Occasionally you may be required to commute or travel to Hyderabad or one of the Regional Engagement Hubs for in person engagement activities such as business or team meetings, trainings, and culture events.

For Internal Applicants:

• Understand the criteria or mandatory skills required for the role, before applying
• Inform your manager and HRM before applying for any role on Workday
• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)
• Must not be any corrective action plan (Formal/Final Formal)
• L8+ Employees who have completed 18 months in the organization and 12 months in their current role and level are only eligible.
• Employees at L8+ can only apply for this opportunity.

Grade/Level: 10

Job Family Group:

About Us

We’re on a mission to build a future where every ambition is within reach. We’re doing this by creating financial and technology solutions that move people forward. When you join us, whether you work in an office or from your home, you’ll experience support and encouragement at all levels of the organization— you’ll be provided with the tools and technology to grow your career here.