Sr Manager, Contracts, Procurement & Purchasing (PL)

Your Opportunity

Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this role.

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location.

Our opportunity:

Corporate Vendor Management (CVM) at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor relationship management process to maximize vendor performance and value. Corporate VM identifies, mitigates, monitors, and manages vendor risk; and assists Schwab in meeting regulatory and compliance requirements.  

What you’ll do:

The Sr. Team Manager, Contracts, Procurement & Purchasing will assist the Managing Director in leading the overall company-wide purchasing function and ensuring support and reporting are executed, validated, and stored in accordance with Vendor Management Policy and Procedures, as well as other internal requirements. 

Additional responsibilities will include, but not limited to:

• Ensure purchase requisition (PR) creation and approvals are accurate and consistent with Schwab policies

• Confirm purchase orders are accurate and issued when/as needed to acquire goods and services

• Support Schwab Business Owners on various ad hoc requests (e.g. PR creation instruction, PR status)

• Act as escalation point and resolves issues with vendors and/or business partners concerning discrepancies in price, terms, or returns

• Work closely with Accounts Payable, Tax, Audit and Strategic Sourcing teams to ensure all client requirements are satisfied

• Unearth potential gaps in processes and controls, then formulate and implement plans to bridge identified gaps

• Provide education regarding buying support for commodity products on all aspects of the purchasing process

• Create dependable, accurate, and timely metrics and reporting effectively to track spend and transaction details

• Ensure business system data input integrity and compliance

• Lead project and program enhancements coupled with efficient implementation

• Demonstrates a thorough knowledge of key responsibilities

• Ensures that processes within the department are in compliance with SOX and Internal Audit requirements and acts as a responsible authority for the group

• Provide effective leadership and coaching to team members in a dynamic work environment, responsible for creating strong teams with successful outcomes

• Provide strategic vision of future goals and objectives

• Balance priorities of competing resource demands leveraging risk versus benefit approach

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications

• 10+ years of solid experience in Purchasing/Procurement/Purchase-to-Pay processes/Contract Management and Internal Controls

• 10+ years management experience and proficiency in successfully leading teams

• Vendor Management experience with RFI, RFP, RFX

• Self-starter; can see what needs to be done and does it, without direct supervision

• Effective leader with the ability to influence and implement process improvement across business lines

• Ability to collaborate across organizational lines toward the achievement of enhanced products and services

• Flexible and adaptable in handling/implementing change and understands how that change will impact the team, internal business partners, and vendors

• Contract review experience; able to interpret and validate contracts and distill contents into actionable tasks

• Excellent verbal and written communication; able to produce and deliver executive-level presentations company

• Possesses extensive research and data analysis skills

• Demonstrated Project Management and documentation skills, coupled with process enhancement expertise

• Working knowledge of Catalog Management and Direct Order purchasing

• Experience with enterprise software renewal agreements and processes

• Comfort selecting, then onboarding new talent and training to proficiency

• Proficiency in SharePoint, MS Office Suite and experience with Ariba, Hiperos, and PeopleSoft strongly preferred

• Experience with purchase-to-pay systems is strongly preferred

• Knowledge of Software Asset management a plus

• Knowledge of internal controls, financial/banking regulations preferred

• Bachelor’s degree or equivalent experience

In addition to the salary range, this role is also eligible for bonus or incentive opportunities