[Remote] Strategic Sourcing Analyst II at M&T Bank

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 2 years of financial and/or business experience, or a combined minimum of 6 years of higher education and/or work experience including 2 years of proven financial and/or business experience. Proficiency with personal computers, relevant mainframe systems, procurement software, spreadsheet, presentation, and database software is required, along with strong time management, detail-orientation, and organizational skills.

Responsibilities

The Strategic Sourcing Analyst II will collaborate with business units to understand needs, formulate sourcing strategies, and identify suitable suppliers to meet requirements. Responsibilities include managing the strategic sourcing process to maximize competition and leverage, negotiating contracts typically valued between $500K and $5M, and guiding project teams through sourcing initiatives. The role involves developing and executing RFPs, RFQs, and RFIs, facilitating proposal analysis and evaluation, conducting bid rounds, and leading contract negotiations. Additionally, the analyst will prepare documentation for senior management, guide business units through the Third-Party Risk Management Program, research procurement trends, recommend savings opportunities, and adhere to risk and regulatory standards.

Skills

Strategic Sourcing

Supplier Management

Contract Negotiation

RFP/RFQ/RFI Development

Vendor Evaluation

Risk Management

Project Management

Cross-functional Team Leadership

Market Analysis

Financial Analysis

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

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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