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Principal Associate, Supplier Management - Premium Products & Experiences. At Capital One, our Enterprise Service Management (ESM) team is seeking a Principal Associate, Supplier Management focused on Premium Products and Experiences. In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other’s differences and encourage all team members to lean into their talents and skills to deliver superior experiences for both internal and external clients. As a Principal Associate, Supplier Management - Premium Products & Experiences you will be responsible for the holistic relationship between Capital One and key third parties, enabling a well-managed and adaptable supply chain. You will work closely with internal team members establishing and maintaining relationships with internal business customers and assigned suppliers. This role is essential in the delivery of key cost, risk, and performance management-related efforts for third-party relationships, in addition to identifying strategic opportunities for growth and/or greater return on investment.
Job Responsibility:
Problem Solving & Strategy Advice: Provide problem-solving and innovative ideas to support internal customers. Identify value-generating opportunities (e.g. savings, efficiencies, or revenue growth)
Negotiation: Partner to negotiate contracts for a broad range of services for Capital One
Relationship Management: Serve as a primary point of contact for third parties and manage an effective governance between Capital One and assigned third parties
Collaboration: Partner with internal risk groups to ensure third party relationships are compliant with all relevant policies and procedures
Risk Management: Monitor and ensure successful delivery against third party contractual obligations
Process Management: Accountable for policy requirements for all managed third-party relationships. Plan and lead periodic reviews and assessments of supplier relationships
Supplier Sourcing: Maintain awareness of external marketplace as it relates to your suppliers and perform sourcing activities where appropriate
Requirements:
High School Diploma, GED or Equivalent Certification
At least 3 years of experience in Relationship Management, Supplier Management, Project Management, or Process Management, or a combination of these
Nice to have:
Bachelor's degree or military experience
At least 4 years of experience in Procurement, Sourcing, Operations Management, or Risk Management
What we offer:
performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI)
comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being
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