Visa · 15 hours ago
Sr. Sourcing Manager - Product Card Holder Insurance and Services
Foster City, CA
Full-time
Hybrid
Senior Level, Lead/Staff
$150K/yr - $240K/yr
8+ years expVisa is a world leader in payments technology, facilitating transactions globally. The Sr. Sourcing Manager will own a portfolio supporting Visa’s Sourcing organization, focusing on strategic sourcing activities for Product Card Holder Insurance and Services to ensure optimal supplier selection and cost savings.
BankingFinanceFinancial ServicesInformation TechnologyMobile PaymentsPayments
Responsibilities
Build strong relationships with business partners to drive Sourcing engagements and influence role of Sourcing within the various business teams
Regularly update executives at all levels of the company on deal status, category reporting, etc
Provide continuous written and verbal updates to the business partners, suppliers and other stakeholders on the status of deal
Deliver end-to-end sourcing services
Lead sourcing processes, including executing RFx processes, conduct negotiations, review contracts, and manage other sourcing-related activities
Participate in supplier selection and moderately complex contract negotiations, involving legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, and ensure end-user needs are met and deliver cost savings
Drive completion of simultaneous projects by proactively considering new alternatives and driving critical thinking to optimize results
Build relationships and effectively partners across varied functions with internal stakeholders, external suppliers, agencies, and colleagues to foster open and collaborating communication and influence change
Create, write, negotiate, and review supplier contracts
Work with internal business partners to establish agreements that reflect the interests of the company
Manage and analyze large datasets, and information sources to support business cases and the development of category strategies, negotiation plans, and internal discussions
Take part in and prepare materials for quarterly reporting, regularly recurring team meetings, and ongoing updates to peers and leaders around the organization
Maintain external focus by leveraging industry peers, organizations, associations and by continuing to build strong relationships outside of Visa
Provide high level education to business partners on the overall continuous strategic sourcing process from needs identification, through supplier performance management across multiple partners
Contribute significantly to the achievement of defined category performance targets and assist in driving the performance of associated suppliers, measure supplier’s performance to ensure performance meets expectations
Communicate effectively and frequently, listen carefully, and actively seek and value the perspectives of others
Support various category leaders in developing supplier plans with a focus on continuous improvement and innovation
Support a high level of change management initiatives that require a strong understanding of external industry’s best practices and implementation of Visa wide policies
Develop and drive a pipeline of projects and proactively engages Stakeholder Business Partners
Maintain an understanding of the Insurance and fintech regulatory market as it impacts Visa strategies and market approach
Manage escalations
Support the Sourcing and Stakeholder teams to negotiate and drive best-in-class deals for Visa
Drive multi-vendor strategies to optimize Visa’s leverage and reduce operational risk
Execute RFx events to support Visa’s Sourcing organization
Perform savings tracking and report realized savings on a continual basis
Negotiate contract terms and conditions as a first line of defense, in partnership with Visa Legal, Data Privacy, Cybersecurity, and other teams
Take part in quarterly reporting, regularly recurring team meetings, and ongoing updates to direct reports, peers and leaders around the organization
Qualification
Required
8 or more years of relevant work experience with a Bachelor Degree or at least 5 years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 2 years of work experience with a PhD
Preferred
9 or more years of relevant work experience with a Bachelor Degree or 7 or more relevant years of experience with an Advanced Degree (e.g. Masters, MBA, JD, MD) or 3 or more years of experience with a PhD
4 years of experience as a sourcing and or procurement professional, preferably with a focus on Visa Product Insurance and Software supplier relationships
Demonstrated passion for Insurance and understanding of Visa Products and other Product category elements including the ability to converse with, and influence, key Product and Procurement executives on supplier strategy, sales models, market Visa levers, and financial modelling
Excellent written, oral and presentation skills and an ability to synthesize complex and technical information into clear recommendations on course of action
Demonstrated fact based negotiation experience with data driven analysis
Experience supporting stakeholders with a passion to deliver outstanding customer service, forge lasting relationships, and approach goals with team interests in mind
Demonstrated ability to manage vendor relationships and influence key vendor account executives
High level of self-motivation and initiative, and ability to operate as a team player
Willingness to offer thought leadership, to think Positively, and to offer new ways of approaching old problems
Undergraduate degree required, preferable in business, economics, computer science or engineering-related field graduate degree in business, economics or engineering a plus
Benefits
Medical
Dental
Vision
401 (k)
FSA/HSA
Life Insurance
Paid Time Off
Wellness Program
Company
Visa
Visa is a multinational financial services company that facilitates electronic payment systems throughout the world.
10001+ employees
H1B Sponsorship
Visa has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (459)
2024 (424)
2023 (416)
2022 (515)
2021 (351)
2020 (407)
Funding
Current Stage
Public CompanyTotal Funding
unknownKey Investors
TNB Financial Services
2016-09-10Post Ipo Equity
2008-03-19IPO
Leadership Team
Ryan McInerney
Chief Executive Officer
Chris Suh
EVP & Chief Financial Officer
Recent News
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