Strategic Sourcing Analyst

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Candidates must possess a Bachelor's degree and at least 1 year of proven financial and/or business experience, or a combination of 5 years of higher education and/or work experience with a minimum of 1 year in finance or business. Proficiency in word processing, spreadsheet, presentation, and database software is required, along with strong time management, organizational, analytical, verbal, and written communication skills. Preferred qualifications include experience writing RFPs and negotiating contracts.

Responsibilities

The Strategic Sourcing Analyst will collaborate with business units to identify and select suitable suppliers, manage the strategic sourcing process to maximize competition and leverage, and negotiate contracts typically up to $500K. Responsibilities include guiding project teams, developing and executing RFPs/RFQs/RFIs, facilitating proposal analysis and evaluation, leading bid rounds, and coordinating supplier demonstrations and reference calls. The analyst will also prepare documentation for senior management, guide units through the Third-Party Risk Management Program, research procurement trends, recommend savings opportunities, and adhere to company risk and regulatory standards.

Skills

Strategic Sourcing

Supplier Negotiation

Contract Negotiation

RFP/RFQ/RFI Development

Supplier Evaluation

Procurement

Risk Management

Data Analysis

Project Management

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees