Sr Sourcing Manager, Professional Services Category

Visa - Foster City, CA

Full-time - Mid Level

Hybrid - Foster City, CA

Credit Intermediation and Related Activities

About the position

The Sr. Sourcing Manager for the Professional Services Category at Visa will play a crucial role in managing the end-to-end sourcing and procurement of professional services. This individual will oversee a significant portfolio, focusing on strategic sourcing activities to ensure optimal supplier selection that delivers value while minimizing risk. The position requires collaboration with various stakeholders, including senior executives, to define and execute sourcing strategies that align with Visa's business objectives.

Responsibilities

• Build strong relationships with business partners to drive sourcing engagements and influence the role of sourcing within various business teams.
• Regularly update executives on deal status and category reporting, providing continuous updates to stakeholders.
• Collaborate with category teams to establish supplier strategies for professional services.
• Deliver sourcing services including RFx execution, negotiations, and contracting reviews.
• Define best contract structures for MSAs and SOW terms, considering risk and compliance.
• Perform market analysis to support recommendations to stakeholder teams.
• Develop and drive a pipeline of projects, proactively engaging with stakeholders.
• Manage escalations and support sourcing teams in negotiating best-in-class deals.
• Drive multi-vendor strategies to optimize Visa's leverage and reduce operational risk.
• Perform savings tracking and report realized savings continuously.

Requirements

• 5+ years of relevant work experience with a Bachelor's Degree or 2+ years with an Advanced degree, or 0 years with a PhD.
• 4 years of experience as a sourcing or procurement professional, preferably in professional services and software supplier relationships.
• Demonstrated passion for professional services and understanding of related elements.
• Excellent written, oral, and presentation skills with the ability to synthesize complex information.
• Professional services category negotiation experience with data-driven analysis.
• Experience supporting professional services stakeholders with a focus on customer service and relationship building.
• Ability to manage vendor relationships and influence key vendor executives.
• High level of self-motivation and initiative, with a team player attitude.

Nice-to-haves

• Graduate degree in business, economics, or engineering is a plus.
• Experience in consulting services, trends in digital and AI, and supplier management.

Benefits

• Medical
• Dental
• Vision
• 401(k)
• FSA/HSA
• Life Insurance
• Paid Time Off
• Wellness Program