Sourcing And Procurement Manager

Oxygen is a modern financial platform designed for the 21st-century economy, tailored to meet the unique needs of today's consumers and small businesses (freelancers, solopreneurs and modern SMBs). We believe beauty lies in simplicity, from design to utility, and build our ever-growing product suite with this in mind. And we’re just getting started. At Oxygen, we’re focused on lifting up those who dare to push boundaries and redefine what's possible by delivering on our promise to be a more fair financial partner. The next generation building the future is writing their own rules and shattering expectations. So are we. For those who reject the status quo, welcome to Banking for the Extraordinary. Let's create the future!

We are seeking a highly skilled and motivated Sourcing and Procurement Manager to join our operations team at Oxygen. As the Sourcing and Procurement Manager, you will play a critical role in managing our vendor relationships, negotiating contracts, and ensuring the procurement process runs smoothly. The ideal candidate will have a strong background in sourcing and procurement, with experience negotiating contracts with Fortune 500 companies, particularly in the tech or fintech industry.

Responsibilities

• Cost Optimization: Identify opportunities to optimize costs without compromising quality or service levels. Implement strategies to drive cost savings and efficiency improvements in the procurement process
• Procurement Process: Develop and implement effective procurement strategies and processes, including vendor onboarding, request for proposal (RFP) processes, and contract lifecycle management
• Licensing Research: Conduct thorough research and due diligence on licensing requirements, regulations, and certifications related to vendors and their products/services. Stay updated on industry trends and best practices
• Market Analysis: Conduct market research and analysis to stay informed about industry trends, emerging technologies, and vendor capabilities. Use this knowledge to drive innovation and identify potential strategic partnerships
• Contract Negotiation: Negotiate and manage contracts with vendors, focusing on favorable terms, pricing, and service-level agreements. Ensure compliance with company policies, legal requirements, and industry standards
• Vendor Performance Evaluation: Develop and implement vendor performance evaluation frameworks to assess vendor performance, address issues, and drive continuous improvement
• Compliance and Ethics: Ensure compliance with applicable laws, regulations, and ethical standards in all sourcing and procurement activities
• Risk Management: Assess and mitigate risks associated with vendor selection, contract negotiation, and ongoing vendor relationships. Develop contingency plans to minimize potential disruptions
• Relationship Building: Collaborate closely with cross-functional teams, such as legal, finance, and technology, to align procurement activities with business needs and objectives
• Vendor Management: Identify, evaluate, and select vendors that align with Oxygen's strategic goals and values. Establish and maintain strong relationships with vendors to ensure reliable and high-quality services

Qualifications

• Strong understanding of licensing requirements, regulations, and certifications related to vendor products/services
• High level of integrity, professionalism, and ethical conduct
• Demonstrated ability to build and maintain strong vendor relationships
• Strong analytical and problem-solving skills, with a strategic mindset
• Proven experience in sourcing and procurement, including contract negotiation and vendor management
• Familiarity with procurement software and tools is preferred
• Bachelor's degree in business administration, supply chain management, or a related field. Advanced degree or certification (such as CSCP or CPSM) is a plus
• Solid experience in negotiating contracts, particularly with Fortune 500 companies, preferably in the tech or fintech industry
• Excellent negotiation and communication skills, with the ability to influence stakeholders and drive favorable outcomes
• Comfortable working in a fast-paced, startup environment with a high degree of ambiguity

What We Offer

• 401(K) and retirement planning
• Equity in a high growth Fintech startup
• Medical, dental, and vision insurance and HSA
• Lots of autonomy and massive career growth opportunities for the go getters
• Paid time off, sick leaves, paid maternal leave, and paid paternal leave
• Competitive salary based on experience
• A great startup in banking with proven growth potential