What are the responsibilities and job description for the Sourcing Manager position at Charles Schwab?
Your opportunity
At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
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. Corporate VM identifies, mitigates, monitors, and manages vendor risk; and assists Schwab in meeting regulatory and compliance requirements.
The Deal Desk Sourcing Manager plays an essential role within Vendor & Sourcing Management by providing business partners with strategic sourcing support, contract negotiation and risk mitigation. In this role you will also support a variety of sourcing categories that could include Human Resources, Information Technology, Professional Services, Real Estate, and Marketing teams to manage lower dollar engagements, draft and route contracts for signature, and various other reporting and administrative requirements.
This position will be responsible for establishing strong relationships with Schwab Business Units and Legal stakeholders to develop, maintain and execute contracts. This role will also manage all aspects of the strategic sourcing lifecycle; lead negotiations, as well as collaborate with risk groups and legal, as required on vendor engagements. This position will partner with the broader business unit teams to develop and negotiate contracts and scopes of work to ensure that industry-leading procurement services tools are utilized to support growth relationships for our suppliers and business partners. The position will not manage people; it is an individual contributor role.
What you have
To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications
3 years of experience in category management, strategic sourcing, consulting, vendor management, and risk management (required)
Experience within indirect sourcing categories and contract review or negotiation
Strong oral and written communication skills with a proven track record of building effective working relationships with senior level business partners
The ability to partner with and project manage cross-functional teams (Schwab Legal and Procurement) to drive contract and price negotiations that maximize value and mitigate risks while ensuring internal stakeholders’ requirements are met
Strong negotiation skills, with ability to effectively explore alternatives to reach mutually beneficial outcomes
Proficiency in Excel (required)
Experience with Ariba, Hiperos, PeopleSoft and / or Access a plus
Bachelor’s degree
You demonstrate these behaviors :
Positivity : brings energy and optimism to our dynamic workplace. Is open to both large / complex sourcing projects as well as more administrative deals or tasks
Strong Communication (written / verbal / interpersonal) : can easily communicate up, down and across the organization with a proven capability to make contributions to teams and initiatives
Analytical Thinking : ability to analyze data, and apply it to develop and implement a sourcing strategies and contract negotiations.
Self starter : able to manage multiple projects and succeed in a dynamic, fast-paced environment with minimal direction self-motivated to learn and take on new responsibilities and proactively seek out answers to solve problems
Adaptable : comfort and ability to quickly take on new, challenging projects and also perform administrative support to the Marketing Sourcing team as required
In addition to the salary range, this role is also eligible for bonus or incentive opportunities
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future :
401(k) with company match and Employee stock purchase plan
Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
CO Salary Range : USD $81,800 - $167,200 / Year
What’s in it for you :
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future :
401(k) with company match and Employee stock purchase plan
Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.
Salary : $81,800 - $167,200
