What are the responsibilities and job description for the Senior Manager of Category Sourcing position at Ameriprise Financial Services, LLC?
Ameriprise Financial is offering an exciting opportunity in its strategic sourcing organization. This opportunity plays a key role in Ameriprise’s transformation initiatives across the organization providing support and management of the strategic sourcing process for Ameriprise Bank and other Ameriprise entities. The position requires an experienced professional with a deep understanding of financial services, strategic sourcing, supplier management, and a track record of successfully working with cross-functional teams. Additionally, this position will support end-to-end completion of sourcing projects, manage one or more category pipelines, and provide thought leadership and direction to business partners and the sourcing support team.
Key Responsibilities
Develop, implement and maintain a comprehensive and efficient strategic sourcing strategy aligned with organizational goals, ensuring cost reduction and risk mitigation
Conduct analysis and negotiations for projects with the support and guidance from sourcing leadership
Build and maintain strong relationships with key suppliers
Lead complex negotiations related to all commercial aspects of the contracts
Manage, develop and maintain key business partner and technology project owner relationships
Provide sourcing thought leadership, workload management, and day-to-day oversight of project and resource activities
Work with the General Counsel’s Organization to ensure consistent terms across agreements resulting in improved cycle time while reducing reliance on General Counsel resources
Identify and execute cost-saving opportunities
Continue developing a strong understanding of a specific Ameriprise business function and related vendor set/industry
Lead quarterly category sourcing update meetings with key stakeholders
Required Qualifications
Bachelor’s degree or equivalent (4-year degree)
7 years of financial services industry experience is preferred (banking is a plus) though a strong, diverse background in sourcing will be considered
Strong working knowledge of Microsoft suite of products (Excel, PowerPoint, Word)
Excellent problem solving and analytic skills
Strong negotiation, technical, and interpersonal skills
Excellent written and oral communication skills
Preferred Qualifications
Ability to adapt to a dynamic business environment and manage multiple priorities
In-depth knowledge of sourcing and sourcing principles and best practices
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $101,000-$174,200/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
FIN Finance
Key Responsibilities
Develop, implement and maintain a comprehensive and efficient strategic sourcing strategy aligned with organizational goals, ensuring cost reduction and risk mitigation
Conduct analysis and negotiations for projects with the support and guidance from sourcing leadership
Build and maintain strong relationships with key suppliers
Lead complex negotiations related to all commercial aspects of the contracts
Manage, develop and maintain key business partner and technology project owner relationships
Provide sourcing thought leadership, workload management, and day-to-day oversight of project and resource activities
Work with the General Counsel’s Organization to ensure consistent terms across agreements resulting in improved cycle time while reducing reliance on General Counsel resources
Identify and execute cost-saving opportunities
Continue developing a strong understanding of a specific Ameriprise business function and related vendor set/industry
Lead quarterly category sourcing update meetings with key stakeholders
Required Qualifications
Bachelor’s degree or equivalent (4-year degree)
7 years of financial services industry experience is preferred (banking is a plus) though a strong, diverse background in sourcing will be considered
Strong working knowledge of Microsoft suite of products (Excel, PowerPoint, Word)
Excellent problem solving and analytic skills
Strong negotiation, technical, and interpersonal skills
Excellent written and oral communication skills
Preferred Qualifications
Ability to adapt to a dynamic business environment and manage multiple priorities
In-depth knowledge of sourcing and sourcing principles and best practices
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $101,000-$174,200/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
FIN Finance
Salary : $101,000 - $174,200
