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Strategic Sourcing Analyst II - Technology

Company: M&T Bank
Location: Buffalo
Posted on: January 13, 2021

Job Description:

Overview: The successful candidate would be capable of independently leading cross functional project teams to procure goods and services for the Technology Division consistent with the corporate vendor selection process. The process is designed to maximize competition, leverage buying power, and mitigate risk. Typically, initiatives assigned to this role are directly tied to key priorities and have an annual spend of $1M - $10M. Outcomes have a significant impact to business objectives and M&T's bottom line.Primary Responsibilities:* Effectively influence the Project Team to assess build vs. buy* Build relationships with internal stakeholders to understand business models and desired outcomes* Guide the Project Team through the Strategic Sourcing process and keep the Executive Sponsor and relevant senior managers informed of progress, setbacks and obstacles.* Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs) and/or Requests for Information (RFIs) based on identified business needs, market conditions and corporate standards.* Facilitate analysis, evaluation and scoring of vendor proposals against criteria established and agreed on by the Team.* Conduct multiple rounds of bids and coordinate activities such as vendor demonstrations, reference calls and on-site visits to short-list vendors.* Lead contract negotiations in conjunction with the Project Team and Legal to ensure we obtain the most competitive pricing and favorable terms possible.* Support the development of comprehensive business cases to assess the costs, benefits, ROI, and Cost of Ownership of proposed vendor solutions* Guide business and support units through the Third-Party Risk Management Program in conjunction with the Third-Party Risk Management team to ensure selected vendors are properly risk tiered, vetted and approved before executing a contract.* Research and analyze procurement trend data at the Bank and recommend savings opportunities to associated business lines and support functions.* Understand and adhere to the Bank's risk and regulatory standards, policies and controls in accordance with the Bank's Risk Appetite. Identify risk-related issues needing escalation to management.* Promote an environment that supports diversity and reflects the M&T Bank brand.* Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.Education and Experience Required:* Bachelor's degree and a minimum of 2 years' proven financial and/or business experience, or in lieu of a degree, a combined minimum of 6 years' higher education and/or work experience, including a minimum of 2 years' proven financial and/or business experience* Experience with Strategic Sourcing* Thorough understanding of Technology Functional areas - Distributed and Mainframe Computing, Storage, End-User Computing, IT Service Desk, Application Development, Application Support, Voice & Data Networks etc.* Good understanding of the cost components involved in Hardware, Software and Services and the pricing models* Strong verbal and written communication skills* Must be detail oriented, yet should be able to articulate complex situations at a very high-level easily and quickly Working knowledge of contractual requirements* Strong analytical skills* Strong presentation skills* Experience writing Requests for Proposal (RFPs) and negotiating contractsEducation and Experience Preferred:* MBA (Master's degree in Business Administration)* Minimum of 3 years' proven financial and/or business experience#LI-KB1LocationBuffalo, New York, United States of America

Keywords: M&T Bank, Buffalo , Strategic Sourcing Analyst II - Technology, Professions , Buffalo, New York

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