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Senior Director, Strategic Sourcing - Marketing - job 10 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

$150000 / YEARLY (est.)

min

max

$120000K

$180000K

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

Are you ready to take the lead in strategic sourcing for one of the most influential companies in the world? Visa is on the lookout for a talented Senior Director, Strategic Sourcing to join our vibrant team in Foster City! In this exciting role, you'll spearhead our Media, Digital, Marketing Technologies, and Events & Sponsorships categories, driving innovative sourcing strategies that unlock value and optimize spending. You won't just be managing agency relationships; you'll be forging partnerships with key stakeholders, including our Marketing Agency Management team and regional marketing leaders, to ensure we’re all on the same page. If you thrive on collaboration, this role is perfect for you! Your experience in marketing procurement and proven leadership skills are essential, as you'll be developing comprehensive strategies and identifying opportunities for cost savings while aligning with the company's objectives. This is a chance to lead, mentor, and grow a team of sourcing professionals — your expertise will foster a culture of improvement and innovation throughout the organization. Plus, your strong negotiation skills will shine as you negotiate contracts to ensure the best terms for Visa. If you see yourself in a dynamic, hybrid work environment where your insights can help shape our marketing strategies and achieve defined KPIs, we want to hear from you!

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

What responsibilities come with the Senior Director, Strategic Sourcing position at Visa?

The Senior Director, Strategic Sourcing at Visa takes on several critical responsibilities, including developing comprehensive sourcing strategies for marketing-related categories, managing key supplier relationships, and identifying cost-saving opportunities through in-depth market analysis. This role is pivotal in collaborating with internal stakeholders to align sourcing efforts with broader business objectives, while also ensuring compliance with corporate policies and risk management.