Strategic Sourcing Analyst (Indirect Procurement / Services: Insurance, Call Centers, & Products)

Company Description

Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

When you join Visa, you join a culture of purpose and belonging – where your growth is priority, your identity is embraced, and the work you do matters. We believe that economies that include everyone everywhere, uplift everyone everywhere. Your work will have a direct impact on billions of people around the world – helping unlock financial access to enable the future of money movement.

Join Visa: A Network Working for Everyone.

Job Description

The Analyst of Strategic Sourcing, Product and Client leverages multiple sources of internal and external data to support category strategies that ultimately drive a competitive advantage and value for Visa. As a key support role for Strategic Sourcing Services organization, you are accountable for understanding various tools, data sets and process that support the Strategic Sourcing organization. You will need a strong sense of urgency and the ability balance short vs. long term needs. This role will support the sourcing category leads for Product and Client and will also independently lead deals based on the category strategy. You are accountable for enabling strategies to deliver sustainable results across a range of subcategories within Risk Products, Insurance, Lounges and Cardholder Benefits by identifying new opportunities for value and process improvement.

Responsibilities

• Manage large datasets, and information sources to support Category leaders in development of Category Strategies, Negotiation plans, and internal discussions

• Builds relationships and effectively partners across varied functions with internal stakeholders, external suppliers, agencies, and colleagues to influence change

• Manages multiple processes and requests and sets expectations

• Provides high level education to business partners on the overall continuous strategic sourcing process from needs identification, through supplier performance management across multiple partners

• Maintain external focus by leveraging industry peers, organizations, associations and by continuing to build strong relationships outside of Visa

• Communicates effectively and frequently, listens carefully, and actively seeks and values the perspectives of others

• Drives completion of simultaneous projects by proactively considering new alternatives and driving critical thinking to optimize results

• Builds effective strategic relationships with external suppliers to foster open and collaborating communication

• Be the Project Manager for key initiatives for the Strategic Sourcing team as needed

• Support various category leaders in developing supplier plans with a focus on continuous improvement and innovation

• Contributes significantly to the achievement of defined category performance targets and assists in driving the performance of associated suppliers, measure supplier’s performance to ensure performance meets expectations

• Support a high level of change management initiatives that require a strong understanding of external industry best practices and implementation of Visa wide policies

• Support the implementation of Global Sourcing policies and procedures

Qualifications
Basic Qualifications

• 2+ years of experience in Strategic Sourcing, Management Consulting, or working with issuing Banks with a Bachelor’s Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)
• Deep understanding of cost models and performance metrics
• Past experiences challenging the status quo by developing business cases for change through leveraging business acumen, market intelligence, and insights to drive a broad strategic impact across an organization
• Demonstrated contract and agreement negotiation experience, including development of negotiating plans and strategies across a broad range of Product and Client
• Strong relationship-management skills and ability to communicate effectively, and collaborate with, senior-to-exec management. You need to be able to tell compelling stories through insights and data

Preferred Qualifications

• 3 or more years of work experience with a Bachelor’s Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
• Work experience in the financial services industry.
• Experience in strategic sourcing using a formal 7 step sourcing process.
• 2+ years supporting the development and management of category plans or sourcing strategies specific to indirect categories.
• Experience working in a global and matrix organization.

This position is open to locations in Austin, TX, San Francisco, and Foster City, CA.
Additional Information

Visa has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees and visitors. As a condition of employment, all employees based in the U.S. are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.