Senior Director, Strategic Sourcing - Marketing - job 17 of 24

The Senior Director, Strategic Sourcing at Visa will lead the development and execution of sourcing strategies in areas like media planning, digital marketing, and sponsorship services. This role involves managing agency relationships, analyzing spend data to identify savings opportunities, and collaborating with various internal stakeholders to align sourcing strategies and ensure seamless execution.

Candidates for the Senior Director, Strategic Sourcing position at Visa should have a robust background in marketing procurement, alongside strong leadership skills and a proven ability to drive cost savings and value creation. A track record of successful negotiation and decision-making in complex environments is also essential for this role.

The Senior Director, Strategic Sourcing plays a crucial role in identifying and mitigating risks within the marketing supply chain at Visa. By ensuring compliance with regulatory requirements and corporate policies, the individual will help maintain continuity of supply while fostering a culture of accountability across sourcing practices.

Essential skills for a Senior Director, Strategic Sourcing at Visa include strong negotiation abilities, analytical capabilities to interpret spend data and market trends, and excellent collaboration skills to work with cross-functional teams. Leadership and mentorship skills are also critical for fostering a high-performance environment among sourcing professionals.

This role stands out because it not only encompasses leading sourcing strategies across diverse marketing categories but also emphasizes the importance of partnership and influence within the marketing ecosystem. With opportunities for both strategic oversight and team development, this position is pivotal in driving value for Visa's marketing initiatives.

In answering this question, focus on specific examples where you devised successful sourcing strategies. Detail how you aligned these strategies with business goals and the outcomes they achieved, demonstrating your understanding of marketing procurement.

Discuss your approach to relationship management, emphasizing communication, collaboration, and performance evaluation. Provide examples of how you've strengthened agency relationships while driving value for your organization.

Explain the metrics you've found most valuable, such as ROI, cost savings, and supplier performance. Detail how you’ve used these metrics to inform strategies and make data-driven decisions in your previous roles.

Share specific negotiation experiences where you secured favorable terms for your organization. Describe your strategy and the outcomes of your negotiations, showcasing your skills in achieving win-win agreements.

Discuss your understanding of compliance requirements and how you've implemented processes to ensure adherence. Give an example of a time you navigated a compliance challenge successfully.

Provide a concrete example of a project where you conducted an analysis that led to cost savings. Focus on the methods you used to identify these opportunities and the impact they had on the organization.

Share strategies you’ve used to promote collaboration among various departments. Highlight how creating open lines of communication and shared goals have contributed to successful sourcing outcomes in your past experience.

Detail your approach to risk management, including identifying potential risks and implementing mitigation strategies. Use examples where risk management practices led to successful outcomes for your prior projects.

Discuss your leadership style and how you foster a culture of growth within your team. Provide examples of development initiatives you've successfully implemented to enhance your team's skills.

Share instances where you introduced innovative approaches to sourcing that positively impacted efficiency or cost-effectiveness. Emphasize creativity and data-driven decision-making in your examples.