Strategic Sourcing Analyst I

Are you ready to join a growing team?

CTG is seeking to fill a Strategic Sourcing Analyst I opening for our client.

Location: Remote
Duration: 6 months

Primary Responsibilities:

• Partner with business units and support functions to source qualified vendors that meet organizational requirements while delivering the best overall value.
• Lead and facilitate strategic sourcing initiatives from planning through contract execution.
• Identify and engage Executive Sponsors and cross-functional project teams to ensure stakeholder alignment and participation throughout sourcing engagements.
• Conduct project kick-off meetings to establish objectives, sourcing strategies, timelines, and success criteria.
• Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs), and Requests for Information (RFIs) based on business needs, market conditions, and organizational standards.
• Coordinate vendor communications, bid submissions, demonstrations, reference checks, and site visits as part of the vendor evaluation process.
• Facilitate the analysis, evaluation, and scoring of vendor responses against established selection criteria.
• Lead contract negotiations in collaboration with project stakeholders and Legal to secure competitive pricing and favorable contractual terms.
• Prepare and present sourcing recommendations, business cases, and project outcomes to executive sponsors and senior leadership.
• Document sourcing initiatives, savings achievements, operational impacts, and vendor selection rationale.
• Support Third-Party Risk Management activities by ensuring vendors are appropriately risk-assessed, vetted, and approved prior to contract execution.
• Research procurement trends, analyze spend data, and identify opportunities for cost savings and process improvements.
• Ensure compliance with corporate policies, regulatory requirements, risk management standards, and internal controls.
• Escalate risk-related issues when necessary and support audit and regulatory remediation efforts.
• Promote a diverse, inclusive, and collaborative work environment.
• Perform additional duties and special projects as assigned.

Scope of Responsibilities:

• Strategic Sourcing is a structured process designed to maximize competition, leverage vendor relationships, control costs, and mitigate organizational risk.
• This role plays a critical part in ensuring the organization obtains the best value from vendor engagements while maintaining appropriate governance and compliance standards.
• Responsible for managing sourcing initiatives and negotiating contracts generally valued up to $1 million.
• Ensures vendor contracts are properly documented, competitively sourced, and aligned with organizational objectives.
• Supports expense management initiatives through data analysis, market research, and strategic vendor selection.
• Collaborates with stakeholders across multiple business units to drive sourcing best practices and procurement efficiencies.

Supervisory/Managerial Responsibilities:

• No direct supervisory responsibilities.
• Leads cross-functional project teams during sourcing initiatives and provides guidance throughout the sourcing process.

Education and Experience Required:

• Bachelor’s degree in Business Administration, Supply Chain Management, Finance, Procurement, or a related field.
• Minimum of 1-3 years of experience in strategic sourcing, procurement, vendor management, supply chain, purchasing, or a related business function.
• Experience supporting sourcing events, vendor evaluations, contract negotiations, or procurement initiatives.
• Strong analytical, organizational, and problem-solving skills.
• Proficiency with Microsoft Office applications, particularly Excel, Word, and PowerPoint.
• Ability to manage multiple projects and deadlines in a fast-paced environment.
• Strong interpersonal, presentation, and communication skills.

Education and Experience Preferred:

• Experience within banking, financial services, or other regulated industries.
• Knowledge of strategic sourcing methodologies, supplier management, and procurement best practices.
• Familiarity with third-party risk management processes and vendor governance programs.
• Experience using procurement, sourcing, contract management, or spend analysis tools.
• Professional certifications such as CPSM, CSCP, CPM, or related procurement certifications.
• Experience analyzing spend data and identifying cost-reduction opportunities.

Excellent verbal and written English communication skills and the ability to interact professionally with a diverse group are required.

CTG does not accept unsolicited resumes from headhunters, recruitment agencies, or fee based recruitment services for this role.

To Apply:
To be considered, please apply directly to this requisition using the link provided. Kindly forward this to any other interested parties. Thank you!

The expected base salary for this position ranges from $26.00 to $43.34/hour. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, market factors, and where applicable, licensure or certifications obtained. In addition to salary, a competitive benefit package is also offered.