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Senior Director, Strategic Sourcing - Marketing - job 15 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

At Visa, we’re on the lookout for an exceptional Senior Director, Strategic Sourcing to join our dynamic team in Foster City. In this pivotal role, you will drive the sourcing strategy for key marketing categories including Media, Digital, Marketing Technologies, and Events & Sponsorships. Your expertise will not only enhance agency relationships but also optimize spend across all marketing services and products. As a leader, you'll navigate the complexities of marketing procurement with a creative and analytical approach. You’ll collaborate closely with various stakeholders, including Marketing Agency Management and regional sourcing leads, to ensure our strategic goals align seamlessly. The ideal candidate boasts a rich background in marketing procurement, strong leadership capabilities, and a history of delivering significant cost savings while adding tremendous value. You’ll take charge of developing comprehensive sourcing strategies, managing agency relationships, interpreting spend data and market trends, and driving cross-functional collaboration to meet corporate objectives. Furthermore, you will exhibit strong negotiation skills to secure favorable terms for Visa, while also mentoring and leading a dedicated team of sourcing professionals. By fostering a culture of innovation and continuous improvement, you will play a vital role in shaping the future of marketing at Visa. This is a hybrid role, providing flexibility with an expectation for in-office days that will be discussed with your Hiring Manager. If you’re ready to make a significant impact in a fast-paced environment, we want to hear from you!

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

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

The Senior Director, Strategic Sourcing at Visa will be responsible for leading sourcing strategies across media planning, digital marketing, MarTech services, and sponsorships. This includes managing agency relationships, executing comprehensive sourcing strategies, overseeing supplier management, and ensuring process improvements are identified through data analysis and market trends.