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Senior Director, Strategic Sourcing - Marketing - job 16 of 24

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We are seeking a highly skilled and experienced Senior Director, Strategic Sourcing to lead the Media, Digital, Marketing Technologies, and Events & Sponsorships categories. This role will be instrumental in driving the sourcing strategy, managing agency relationships, and optimizing spend for all marketing-related services and products. Partnership and influence are key to this role as this person will work with Marketing Agency Management, Regional Marketing Sourcing Leads, and Visa agency relationship owners throughout marketing. The ideal candidate will have a deep understanding of marketing procurement, strong leadership skills, and a proven track record of delivering cost savings and value creation.

Essential Functions:

Develop and Implement Sourcing Strategies - Lead the development and execution of comprehensive sourcing strategies for the marketing category, including media planning & buying, digital marketing, MarTech services, and sponsorship & events services.
Agency / Supplier Management - Establish and maintain strong relationships with key vendors and agencies. Together with Agency Management Team, represent a function-wide view to ensure Visa has a value-driven, comprehensive, fair and agile performance approach, incentive program and contract negotiation.
Category Management - Understand and interpret spend data, market trends, and supplier performance to identify opportunities for cost savings and process improvements. Provide oversight, guidance, and obtain buy in on category plans that align with business objectives from Marketing stakeholders.
Cross-Functional Collaboration - Work closely with marketing, finance, legal, and other internal stakeholders to understand business requirements, align sourcing strategies, and ensure seamless execution.
Risk Management- Identify and mitigate risks associated with the marketing supply base. Ensure continuity of supply and compliance with regulatory requirements. Ensure compliance with corporate policies and standards.
Negotiation - Strong negotiation skills, in complex environments that ensure the best deals and terms for the organization.
Decision Making - Ability to make informed decisions that can have a significant impact on the company's supply chain and financial performance.
Thought Leadership and Development - Lead, mentor, and develop a team of sourcing professionals directly and within the extended regional sourcing category team structure. Foster a culture of continuous improvement and innovation. Provide consultation, strategic oversight and council to global and regional agency owners in driving value, sharing best practices, and conflict resolution and remediation.
Accountable Compensation Program - Together with Marketing Agency Management, finance and agency owners, gather and consolidate required data to meet Visa KPIs across marketing objectives and 360 performance review for incentive compensation.

This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager

Average salary estimate

$155000 / YEARLY (est.)

min

max

$130000K

$180000K

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What You Should Know About Senior Director, Strategic Sourcing - Marketing, Visa

Are you ready to take your career to the next level? We're looking for a dynamic Senior Director, Strategic Sourcing at Visa in Foster City to lead our Media, Digital, Marketing Technologies, and Events & Sponsorships categories. In this pivotal role, you'll be responsible for developing and implementing sourcing strategies that will enhance our marketing efforts. With your expertise, you'll manage vital agency relationships and optimize the spend on all marketing-related services and products. This isn't just about numbers; it's about building partnerships that drive value. Your strong leadership skills will shine as you collaborate with Marketing Agency Management and our Regional Marketing Sourcing Leads. We need someone who understands marketing procurement and can steer our sourcing strategies in the right direction. If you're passionate about analysis, negotiation, and supplier management, this is the role for you! You will be tasked with interpreting spend data, recognizing market trends, and identifying cost-saving opportunities while creating a cohesive plan that aligns with our business objectives. Your ability to navigate complex negotiations will ensure Visa secures the best deals possible. Plus, you’ll lead, mentor, and develop a team of sourcing professionals, fostering a culture of innovation and continuous improvement. If you're excited about making impactful decisions and ensuring compliance with corporate policies while driving our marketing initiatives forward, we want you on our team. This hybrid position allows for flexibility in working arrangements, confirming days in office with your Hiring Manager. Join us and be part of shaping Visa’s strategic marketing sourcing!

Frequently Asked Questions (FAQs) for Senior Director, Strategic Sourcing - Marketing Role at Visa

What are the main responsibilities of a Senior Director, Strategic Sourcing at Visa?

As the Senior Director, Strategic Sourcing at Visa, your primary responsibilities include developing and executing sourcing strategies for various marketing categories such as digital marketing, media planning, and events. You'll manage agency relationships, oversee category management, and ensure that sourcing aligns with business objectives while identifying opportunities for cost savings.