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Capital One Logo Capital One · Finance

Principal Associate, Sourcing Manager

United States, McLean 109900.00 - 137900.00 USD / Year · Job Posted January 15, 2026
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Job Description

This Sourcing position will develop strategy for and execute high risk and high impact procurement efforts across the company. This is an individual contributor role. Working in concert with business partners and subject matter experts, the Sourcing Manager will develop an in-depth understanding of client needs and supply markets, then apply rigorous procurement methodology and analytics to ensure those client’s needs will be met by the selected supplier(s). This role will lead projects in indirect categories of spend include, but not limited to Marketing related services, Professional Services, IT related Services.

Job Responsibility

  • Analyze external industry trends and benchmarks, as well as develop and share market insights
  • Clearly articulates cost drivers and pricing analysis for strategy formulation. Leads the development of make–versus-buy strategies
  • Leads innovative sourcing methods - balance cost, speed, and quality based on internal customer needs
  • Build strong internal and external relationships, understand the procurement parameters and look for new opportunities
  • Consult with internal clients and business partners to identify opportunities to drive cost savings and efficiency in the supply chain
  • Build buy in and communicate across multiple levels of the organization and across multiple lines of business
  • Manage multiple projects concurrently in an autonomous environment
  • Develop and implement procurement strategies including RFx, eSourcing, direct negotiations, etc.
  • Use procurement software tools
  • Support the development and execution of category strategies
  • Support the negotiation of commercial terms for large contracts
  • Develop communications and presentations at the Executive level

Requirements

  • At least 3 years of experience in sourcing and procurement
  • At least 2 years of experience in risk management
  • At least 2 years of experience in negotiating supplier agreements

Nice to have

  • Bachelor's Degree or Military Experience
  • 5+ years of experience in outsourcing and procurement
  • 4+ years of experience in risk management

What we offer

  • comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being
  • performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI)
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