As Marqeta’s Strategic Sourcing Manager you will be responsible for helping build and support a procurement/strategic sourcing program that maximizes value from our vendor relationships and manages our third party vendor risk. We are looking for someone who is highly motivated to help us build new systems, processes, and improve efficiency . The Strategic Sourcing Manager will work closely with colleagues and teams across the company to support centralized direct and indirect sourcing and procurement efforts, including responsibility for supporting process creation, strategic sourcing and vendor identification, contract negotiation, ongoing monitoring, RFPs, and relationship management.
The ideal candidate will be someone who is enthusiastic, flexible, detail-oriented, a strategic thinker, passionate about creative problem solving, is exceptional at working cross-functionally, and thrives in a fast-paced, dynamic environment with many challenges and opportunities.
We work Flexible First. This role can be performed remotely anywhere within the United States or Canada. We’d love for you to join us!
The Impact You’ll Have
- Support and refine Marqeta’s strategic sourcing and vendor management vision, processes, and tools.
- Provide strategic guidance and support in procurement/strategic sourcing activities, including contract negotiation, administration, amendment and cancellation, and coordinating activities with the legal, compliance, security, and finance teams, as appropriate.
- Establish and monitor performance metrics relating to the strategic sourcing/procurement program and vendor performance, address any areas of concern, and promptly escalate critical issues to senior management.
- Continuously identify and drive opportunities to optimize strategic sourcing and vendor management processes without compromising quality, risk management, or service levels.
- Conduct savings analyses and modeling to prioritize procurement savings opportunities, build recommendations, and track savings achieved as a result of strategic sourcing initiatives.
- Identify and assess potential risks associated with vendor relationships and implement risk mitigation strategies and contingency plans.
- Serve as a point of contact for vendor communications, negotiations, and conflict resolution. Coordinate with internal teams to provide support and guidance on vendor-related matters and oversee the resolution of any issues.
- Lead and manage RFP processes with key business owners from start to finish, identifying and vetting potential vendor partners, performing market research and benchmarking, and managing bidding.
- Coordinate stakeholder engagement and reinforce a sense of purpose in relation to strategic sourcing/vendor management initiatives.
- Maintain strong working relationships with internal and external stakeholders to ensure cost, quality, and delivery targets are met.
- Support the monitoring of vendor compliance with industry regulations and company policies.
- Support the company’s sustainability and business continuity through active sourcing of suitable vendors.
Who You Are
- 5+ years in strategic sourcing and vendor management
- Proven experience and knowledge in strategic sourcing, procurement, risk management and contract negotiation.
- Experience building and managing a strategic sourcing/vendor management program
- Excellent interpersonal skills and communication skills in order to influence and guide decisions across multiple cross functional teams.
- Proven project management skills with analytical and problem solving abilities to identify business drivers and develop and implement strategies.
Your Manager
- Ross Monat, Sr Manager, Strategic Sourcing
Typical Process
- Application submission
- Recruiter video call
- Hiring manager video call
- Virtual “Onsite” consisting of 4-5, 45 min calls
- Offer!
Compensation and Benefits
Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:
- National: A baseline tier that applies to most of the geographic territory of the United States.
- Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WA
- Premium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.
Visit this page or consult with a Recruiter to determine which tier would be applicable to you.
When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is:
- National: $127,600 - $159,500
- Premium: $138,100 - $172,600
- Premium Plus: $150,100 - $187,600
We also believe in recognizing the contributions of our people. That's why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.
Along with monetary compensation, Marqeta offers
- Multiple health insurance options
- Flexible time off – take what you need
- Retirement savings program with company contribution and after tax contributions
- Equity in a publicly-traded company and an Employee Stock Purchase Program
- Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave
- Free therapy sessions, financial and professional coaching, and legal advice
- Monthly stipend to support our remote work model
- Annual “development dollars” to support our people growth and development
- Through Flex First, the freedom to live and work wherever you and your family thrive
- Annual “development dollars” to support our people growth and development
Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.
Marqeta’s Values
– Solve for the Customer: With a deep understanding of our customers' business and empathy for their needs, we deliver products and services that drive their success. Earning and keeping their trust guides everything we do.
– Do What's Right: Knowing businesses and livelihoods depend on us, we pursue solutions that disrupt responsibly and deliver high-quality results that our customers count on. We own our work from start to finish.
– Simplify and Innovate: We approach challenges with curiosity and take smart risks. Innovation comes from finding better, simpler ways to achieve extraordinary outcomes.
– Win as a Team: We succeed together by embracing diverse perspectives and pushing each other to raise the bar. We lead with humility and set aside hierarchy to work as a team.
– Make it Count: We drive forward with focus and agility. With a sense of urgency and purpose, we get the job done, and done right.
Equal Employment Opportunity, Accommodations and Privacy
Marqeta is proud to be an equal opportunity employer that gives consideration to all qualified applicants regardless of race, ancestry, national origin, color, Indigenous, citizenship, religion/creed, sex, sexual orientation, gender identity, gender expression marital status, family status, disability, veteran status, criminal histories consistent with legal requirements, or any other characteristic protected by applicable law.
Our dedication to diversity and inclusion extends beyond the categories above. Review Marqeta’s ESG Report to see that dedication in action. Fostering an environment where everyone feels valued and respected creates a stronger and more innovative team at Marqeta. We celebrate the unique contributions of each individual and empower all members of our organization. Join us in building a company where diversity thrives and everyone can be their authentic selves.
If you require reasonable accommodation for the application process and beyond (including due to a disability), please submit this form and we will be more than happy to assist you. Marqeta will make reasonable accommodations for candidates when needed in accordance with applicable law. The Applicant and Candidate Privacy Notice applies to the personal data that you directly provide to us or that we collect during the application and candidate recruitment process.
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