Charles Schwab Corporation

Senior Sourcing Manager, Technology - Corporate Vendor Management

Job Locations US-TX-Westlake
Requisition ID
Posted Date
5 days ago(8/4/2020 2:54 PM)
Human Resources & Administrative
Position Type
Full time

Your Opportunity

Corporate Vendor Management (CVM) at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor relationship management process to maximize vendor performance and value. CVM identifies, mitigates, monitors, and handles vendor risk; and assists Schwab in meeting regulatory and compliance requirements. The CVM organization also provides category management and demonstrates strategic sourcing capabilities in the Technology space (Software, Hardware, Networks, Telecom, and Professional Services).

What you are good at

The Sr. Sourcing Manager, Technology will play a significant role within Corporate Vendor Management (CVM) leading various procurement projects that include the areas of negotiation, contracting, sourcing, and commodity management. This position will also analyze upcoming supplier opportunities for consolidation and co-termination of agreements. In this capacity this person will:

  • Handle multiple projects and with technology vendors in high volume work environment.
  • Work with business and partners to formulate negotiation plans to improve value and savings.
  • Negotiate complicated contracts such as Master Cloud Agreements with suppliers.
  • Build and lead supplier category plans.
  • Provide recommendations on all procurement related issues, plans, reports, trainings and metrics.
  • Work with internal partners to resolve risks and dependencies.
  • Supervise project progress regularly so as to report project status to procurement management.
  • Work with Finance, Legal, Risk and other subject matter authorities within Schwab to ensure that policies and procedures are followed.

What you have

  • 5+ years of experience in the procurement of Technology (Hardware, Software, Telecom and Networks) category management, strategic sourcing, consulting, vendor management, risk management and/or procurement (required)
  • Experience negotiating complicated Technology Master Agreements and negotiating deals over $10M.
  • Strong research and analytical skills
  • Understanding of industry trends and market competitions to develop business improvement initiatives
  • Ability to collaborate with cross-functional teams and support category management plans that maximize value and mitigate risks while ensuring internal partners’ requirements are met
  • Proven track record of building effective working relationships with senior level business partners and internal/ external partners
  • Self-starter, able to manage multiple projects and succeed in a dynamic, fast-paced environment with minimal direction
  • Strong negotiation skills and understanding of contract law and risk requirements
  • Flexible and adaptable in handling/implementing change and understands how that change will affect the team, internal Business Partners and vendors
  • Ability to be responsible for multiple projects and work in a fast-paced environment with tight deadlines
  • Ability to apply organizational change and consulting skills/knowledge and expertise
  • Strong interpersonal, problem solving, conflict resolution, facilitation, and negotiation skills
  • Excellent verbal and written communication skills
  • Proficiency in Excel (required) and experience with Ariba, Hiperos, PeopleSoft and/or Access is a plus
  • Bachelor’s degree or equivalent experience


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