The Role
Leads global sourcing initiatives across technology, marketing, contingent labor, and facilities categories. Manages supplier compliance, risk mitigation, contract reviews, RFIs/RFPs, market research, competitive analysis, cost savings, and sourcing strategy development across US and Philippines operations. Partners with business, legal, supplier management, and executive stakeholders while tracking project performance and improving sourcing processes. The role requires extensive sourcing experience, analytical and presentation skills, and flexibility for global working hours.
Summary Generated by Built In
Job Description:
Role Summary/Purpose
The AVP Sourcing will execute and carry out the sourcing process, ensure supplier compliance during on-boarding and engagement for renewal time periods, review contractual agreements of assigned suppliers, including developing certain sourcing category strategies for Global hubs (US and Philippines). In this role, you will manage and mitigate supplier as well as business risks and work closely with the Business leaders and Sourcing Leaders.
Essential Responsibilities:
- Regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or Sourcing Leaders to provide guidance and direction to functional teams, with strong process responsibility to develop comprehensive plan to execute while meeting business needs (i.e., examine scope, cost, availability of products/services and market conditions to complete projects).
- Expertise on Global Supply markets (US and Philippines) in terms of supplier/products/services and local compliance requirement for suppliers.
- Drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities.
- Leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions.
- Oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process.
- Conduct and assist RFIs/RFPs, market research and identification, qualification and competitive analysis of required products and services.
- Utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions.
- Work with Sourcing Team Leader to identify, streamline and support implementation of improvement to Sourcing operating plan as well as the overall Sourcing process.
- Identify, streamline and drive implementation of sourcing strategies for various commodities (majorly but not limited to Technology, Marketing, Contingent Labour, Facilities) as per Business requirement.
- Work with Supplier Management teams and the functional businesses to ensure alignment with strategies, goals, and objectives.
- Regularly monitor, track and report on Sourcing projects to ensure adherence to cycle-time performance metrics.
- Create PowerPoint/Excel materials for review with senior and executive management teams, as required.
- Support updating of all purchasing-related SOPs.
- Perform other duties and/or special projects, as assigned.
- Ability to perform in Global environment and support global working hours as per business needs. Working hours for the role are 3 am – 12 pm EST but the team member should be flexible to accommodate Business needs.
Qualifications/Requirements:
- Bachelor’s degree with a minimum 8 years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections).
- Minimum of 8 years of experience within Sourcing (including but not limited to category management, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution and delivering value.
For Internal applicants:
- Must be in current role for at least 24 months
- Must not be on corrective action (Formal/Final Formal)
Desired Characteristics:
- Experience within Financial Service or Banking Industry
- Experience in Facilities and Securities Sourcing commodities.
- Demonstrated project management skills
- Must have proven strong facilitation skills and experience delivering presentations
- Must have proven quantitative and analytical skill set
- Experience providing outstanding oral and written communication skills at all levels of the organization
- High enthusiasm and desire to work in fast paced, ever changing environment
- Proven ability to manage complex initiatives across multiple teams/platforms
- Ability to work independently and effectively manage multiple priorities with little supervision
- Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
- Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application
- Ability to work shifts that meet business needs (mid-shift overlapping US time-zone), including weekends and holidays
Grade/Level: 10
Job Family Group:
SourcingSkills Required
- Bachelor's degree
- Minimum 8 years of experience in financial services or insurance
- Minimum 8 years of sourcing experience, including category management, contract negotiations, supply chain management, supplier management, or logistics
- Current internal role tenure of at least 24 months
- Must not be on corrective action for internal applicants
- Financial services or banking industry experience
- Facilities and securities sourcing experience
- Project management experience
- Strong facilitation and presentation skills
- Quantitative and analytical skills
- Strong oral and written communication skills
- Experience managing complex initiatives across multiple teams or platforms
- Experience with Source-to-Pay systems such as Coupa, Ariba, or Oracle
- Proficiency with Microsoft Word, Excel, PowerPoint, and Outlook
- Ability to work global shifts, including weekends and holidays
Synchrony Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Synchrony and has not been reviewed or approved by Synchrony.
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Parental & Family Support — Parental leave is described as extensive, with long paid leave for birthing parents and additional paid leave for all new parents. Backup childcare and eldercare options provide practical support for caregiving needs.
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Wellbeing & Lifestyle Benefits — Well-being offerings are broad, spanning integrated wellness tools, dedicated well-being coaches, and an enhanced assistance program. Reimbursements for activities like fitness apps, swimming lessons, art classes, and meditation, along with pet telehealth and adult orthodontia, reinforce lifestyle support.
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Fair & Transparent Compensation — Pay practices emphasize pay equity across gender and race and a high wage floor for U.S. hourly roles. These signals aim to underpin fairness in base compensation across the organization.
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The Company
What We Do
At Synchrony (NYSE: SYF), we’re changing what’s possible for people and businesses every single day. From offering financing options to creating innovative tech, we help make shopping go smoothly across a variety of industries, like retail, auto, travel and home. Synchrony is one of the largest issuers of store credit cards in the United States. We help consumers pay over time for important expenses, issue co-branded cards for small- and medium-sized business credit products, as well as offer consumer savings products through Synchrony Bank. So, how can we change what’s possible for you?
