What are the responsibilities and job description for the Lead Strategic Sourcing Manager position at Credit Karma?
*Banking services provided by MVB Bank, Inc., Member FDIC
Credit Karma’s Platform Engineering Team is looking for a Lead Strategic Sourcing Manager.
The Lead Strategic Sourcing Manager is part of the Engineering Procurement team and is responsible for negotiating and managing technology vendor relationships including vendor contracts, performance, risks and financials. This individual will have 10 years of experience and have been a people manager. The role requires a broad knowledge of technology licensing and services as well as cloud services. This individual will be an expert negotiator capable of addressing challenges from conflict management through billing disputes. What you’ll do:
The Lead Strategic Sourcing Manager will manage the entire procurement lifecycle from sourcing to onboarding and execution, through offboarding.
- Skills required are:
- Assessing Needs
- Collaborate with internal stakeholders to understand the specific technological needs of the organization
- Conduct thorough research to identify potential vendors who can meet these requirements
- Evaluating Solutions
- Evaluate vendors based on their technology stack, innovation, and scalability
- Ensure that vendors adhere to industry regulations (e.g., GDPR, PCI-DSS, CPRA) and have robust security measures in place
- Assess vendor reputation through references, case studies, and performance history
- Coordinate financial review of vendor to ensure solvency and financial health and stability
- Relationship Management
- Establish transparent communication channels with vendors to foster collaboration and trust
- Schedule periodic reviews to discuss performance, address concerns, and explore opportunities for improvement
- Maintain regular contact with critical vendors regarding their product roadmaps to confirm alignment with CKs strategic direction
- Work with vendors on joint innovation projects that can lead to new product offerings or enhancements
- Performance Monitoring
- Develop key performance indicators (KPIs) to measure vendor performance against agreed-upon standards
- Implement feedback mechanisms to gather insights from internal teams about vendor performance and areas for enhancement
- Risk Management
- Conduct regular assessments to identify potential risks associated with vendor relationships, including financial stability, security and compliance risks
- Develop contingency plans to mitigate risks, ensuring business continuity in the event of vendor-related issues
- Compliance Oversight
- Ensure that all vendors comply with relevant regulations and industry standards
- Implement regular audits of vendor practices to ensure ongoing compliance and risk management
- Continuous Improvement
- Use feedback from internal stakeholders to drive improvements in vendor services
- Encourage vendors to invest in training their staff on our systems and processes for better integration
- Innovation
- Stay informed about emerging technologies and trends to identify opportunities for collaboration with vendors
- Assessing Needs
Minimum Basic Requirement:
- Must have 10 years of experience specifically in Technology Sourcing and Procurement or Technical Vendor Management
- Must have strong technical aptitude inclusive of emerging trends in AI
- Must have experience with cloud providers such as GCP, AWS and Azure
- Must have management experience and been a people manager
- Must be comfortable reading and interpreting financial statements
- Must have the ability to identify contract risks and successfully negotiate mitigating terms and conditions
Preferred Qualifications:
- Strong Communication Skills
- Ability to analyze information and draw logical conclusions
- Able to inspire trust, manage teams, and set deadlines
- Naturally solves problems creatively and analytically
- Efficiently and effectively organizes time and work
- Work well autonomously and with others
- Finds a way through challenges, even when things get difficult
- Benefits at Credit Karma includes:
- Medical and Dental Coverage
- Retirement Plan
- Commuter Benefits
- Wellness perks
- Paid Time Off (Vacation, Sick, Baby Bonding, Cultural Observance, & More)
- Education Perks
- Paid Gift Week in December
Equal Employment Opportunity:
Credit Karma is proud to be an Equal Employment Opportunity Employer. We welcome all candidates without regard to race, color, religion, age, marital status, sex (including pregnancy, childbirth, or related medical condition), sexual orientation, gender identity or gender expression, national origin, veteran or military status, disability (physical or mental), genetic information or other protected characteristic. We prohibit discrimination of any kind and operate in compliance with applicable fair chance laws.
Credit Karma is also committed to a diverse and inclusive work environment because it is the right thing to do. We believe that such an environment advances long-term professional growth, creates a robust business, and supports our mission of championing financial progress for everyone. We offer generous benefits and perks with a single eye to nourishing an inclusive environment that recognizes the contributions of all and fosters diversity by supporting our internal Employee Resource Groups. We’ve worked hard to build an intensely collaborative and creative environment, a diverse and inclusive employee culture, and the opportunity for professional growth. As part of the Credit Karma team, your voice will be heard, your contributions will matter, and your unique background and experiences will be celebrated.
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