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Marketing Sourcing Manager

Job Description

Purpose of the role

To optimise and address Barclays 3rd party spend requirements, including the definition, development and implementation of approaches for relevant spend categories and requirements with close collaboration with the business and execution of strategic sourcing and buying channel development/optimisation.

Accountabilities

  • Profile spend in category area and develop understanding of business strategy, business requirements, cost levers and opportunities. Collaboration with internal stakeholders to identify sourcing needs, develop requests for proposal and ensure sourcing activities align to the banks needs and priorities.
  • Planning and execution of sourcing events including RFP/ RFXs, negotiations to best meet the business requirements for value, speed, compliance, risk.
  • Monitoring and guiding of controls and compliance requirements to be met through the category and sourcing cycle from request to contract, including regulatory engagement, controls, audits, data quality etc….
  • Development, implementation and operation of policies and procedures for sourcing activities aligned to the policies, standards, relevant compliance and regulation.
  • Identification and delivery of change opportunities to improve effectiveness, control and efficiency of sourcing processes including buying channel optimisation for relevant categories of spend (catalogues, demand challenge etc.).
  • Identification of industry trends and development related to sourcing and category management by attending conferences, participating in training, and conducting market research on techniques and tools.

Vice President Expectations

  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
  • If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
  • OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
  • Manage and mitigate risks through assessment, in support of the control and governance agenda.
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
  • Adopt and include the outcomes of extensive research in problem solving processes.
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as a Marketing Sourcing Manager at Barclays, to optimise and address Barclays 3rd party spend requirements, including the definition, development and implementation of approaches for relevant spend categories and requirements with close collaboration with the business and execution of strategic sourcing and buying channel development/optimisation.

To be successful as a Marketing Sourcing Manager you should have experience with:

  • Stakeholder Management.
  • Strong Organisation Skills and Time Management.
  • Commercial Knowledge.

Some other highly valued skills may include:

  • Resilience.
  • Self-starter.
  • Marketing Knowledge.

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role can be based out of Glasgow, Northampton or Knutsford.

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Marketing Sourcing Manager, Barclays

Join Barclays as a Marketing Sourcing Manager and play a pivotal role in optimizing our third-party spend requirements! Based in our Glasgow Campus, you'll collaborate closely with various stakeholders to ensure our sourcing activities align with business needs and priorities. Your mission will involve profiling spend categories, understanding business strategies, and executing strategic sourcing events, including negotiations to drive value while ensuring compliance with necessary regulations. With leadership responsibilities, or as an individual contributor, you'll be guiding teams through complex assignments and delivering innovative solutions based on extensive market research. Your strong stakeholder management, organizational skills, and commercial awareness will be crucial as you develop policies, identify change opportunities, and assess risks to enhance our sourcing processes. At Barclays, we value the mindset of empowerment, challenge, and drive, and we're looking for someone resilient, enthusiastic, and ready to take initiatives. Come be part of a team that fosters a fantastic work culture, and together, let's achieve remarkable results in strategic sourcing!

Frequently Asked Questions (FAQs) for Marketing Sourcing Manager Role at Barclays
What qualifications do I need to be a Marketing Sourcing Manager at Barclays?

To become a Marketing Sourcing Manager at Barclays, candidates should possess strong experience in stakeholder management, excellent organization skills, commercial knowledge, and ideally some understanding of marketing principles. Additional valued skills include resilience, being a self-starter, and proficiency in risk management and controls. Familiarity with change management and strategic thinking will also be beneficial.

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What are the key responsibilities of a Marketing Sourcing Manager at Barclays?

As a Marketing Sourcing Manager at Barclays, your key responsibilities include profiling spend categories, collaborating with internal stakeholders, planning and executing sourcing events, and guiding compliance during the sourcing cycle. You will also be responsible for developing and implementing policies, identifying improvement opportunities, and ensuring all sourcing activities meet our bank's needs and strategic goals.

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How does team leadership work for the Marketing Sourcing Manager role at Barclays?

In the Marketing Sourcing Manager position at Barclays, if you oversee a team, you'll define roles and responsibilities, plan department needs, and mentor your colleagues. Your leadership will also involve demonstrating key leadership behaviors that create an inspiring environment, promoting collaboration and continuous improvement within the team.

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What is the work culture like for a Marketing Sourcing Manager at Barclays?

The work culture at Barclays for a Marketing Sourcing Manager is focused on empowerment, collaboration, and achieving excellence. We offer a supportive environment where resilience and initiative are valued. The Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship are core to how we operate, encouraging our employees to do what they believe is right and work together towards shared success.

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What career growth opportunities are available for Marketing Sourcing Managers at Barclays?

Marketing Sourcing Managers at Barclays can expect numerous career growth opportunities. From taking on more strategic responsibilities to leading larger teams or specialized projects, there is ample room to expand your skills. Continuous learning through training and attending industry conferences also paves the way for professional advancement within the organization.

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Common Interview Questions for Marketing Sourcing Manager
How do you prioritize tasks as a Marketing Sourcing Manager?

To prioritize effectively as a Marketing Sourcing Manager, first assess the urgency and importance of each task. I recommend using tools like a priority matrix to evaluate what's critical for the business versus what's less urgent. Clear communication with stakeholders about their expectations will also help align my priorities with organizational goals.

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Can you describe your experience with stakeholder management?

In previous roles, I've cultivated strong relationships with stakeholders by actively listening to their needs and maintaining open lines of communication. I focus on understanding their objectives and align them with the sourcing strategy to ensure successful outcomes. Establishing trust through transparency is key in stakeholder management.

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How do you handle compliance in your sourcing processes?

I ensure compliance in sourcing processes by conducting thorough reviews of all associated policies and guidelines at the onset. Regular audits and feedback loops allow my team to stay compliant throughout the sourcing cycle. Training the team on compliance requirements ensures everyone understands their role in maintaining high standards.

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What strategies do you implement to improve sourcing efficiency?

To enhance sourcing efficiency, I advocate for adopting technology solutions like e-sourcing platforms that streamline processes. Continuous evaluation of vendor performance helps identify bottlenecks and improvement areas. Negotiating long-term agreements with suppliers can also drive down costs and improve service delivery.

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What approach do you take towards negotiating contracts?

During contract negotiations, I focus on a win-win approach. Understanding the supplier's constraints allows me to craft deals that provide value to both parties. I strive to create long-lasting partnerships by emphasizing collaboration over confrontation, which helps maintain good relationships post-negotiation.

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How do you stay updated on industry trends in sourcing?

I actively participate in industry conferences, follow relevant publications, and engage with a network of professionals in the sourcing field. Subscribing to newsletters and being part of online forums also helps me stay current on best practices, technologies, and emerging trends that can impact our sourcing strategies.

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Can you discuss a successful sourcing initiative you led?

One notable sourcing initiative involved reducing our marketing spend by 15% through a comprehensive category review. By collaborating across teams, we identified redundant contracts and streamlined supplier management, resulting in significant cost savings while still meeting our marketing objectives.

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How do you manage risks in sourcing activities?

Risk management in sourcing involves identifying potential risks early and developing contingency plans. I conduct risk assessments for all sourcing activities, ensuring that team members are trained to recognize signs of trouble and understand best practices for mitigating risks effectively before they impact operations.

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What does collaboration mean to you as a Marketing Sourcing Manager?

Collaboration to me means working together towards shared goals, leveraging each team member’s unique strengths. It involves open communication, mutual respect, and a willingness to listen and adapt. Building trust and rapport among colleagues ensures that we can collectively address challenges and seize opportunities efficiently.

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How do you ensure your sourcing strategy aligns with business goals?

To align the sourcing strategy with business objectives, I engage in regular discussions with senior management to understand their priorities. I analyze data trends, assess market conditions, and adjust sourcing plans accordingly. This proactive approach facilitates alignment between our sourcing activities and broader business goals.

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DATE POSTED
March 31, 2025

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