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Sourcing Analyst

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

Join a diverse team at Visa, where your individuality fits right in. We can provide the opportunity to shape the payments experience globally. Together, let’s transform the way the world pays.

 

Think you know us?

Our mission is to connect the world through the most innovative, reliable, and secure digital payment network that enables individuals, businesses, and economies to thrive.

Individuality fuels our brand and our global team – we’re proud that we are a talented team of 29,000 individuals with unique backgrounds, perspectives, and experiences. Therefore, we understand that you are much more than your day job. We encourage quality of life outside of the office, whether it’s taking advantage of agile work schedules or our wellness programs, Visa respects and encourages meaningful work/life balance for everyone. In addition, we offer market leading salary and have a fantastic benefit offering.

So, if you’re not satisfied with the status quo, we can satisfy your desire to explore new territory, giving you the runway to really make an impact, whilst connecting you with teams around the world in a truly inclusive culture that celebrates our uniqueness.

If you think you could support Visa as a Sourcing Analyst, we want to hear from you – together, let’s make Visa a great place to work.

 

What’s it all about?

Visa Europe Sourcing

Visa Europe Sourcing* has an opportunity for a highly motivated, experienced, and results-driven Procurement professional to join our team to positively contribute to Visa’s success, further elevating the function and strategic business partnerships.

 

Are you interested in driving efficiencies? Can you bring leading practice thinking and solutions? Are you experienced and ambitious Procurement expert? Do you enjoy working in cross-functional and cross-border teams? If this inspires and sounds familiar, please contact us because we would like to talk to you!

 

* - The term ‘Sourcing’ is interchangeable with the profession ‘Procurement’.

 

Role Accountability

The role holder will be accountable for providing category and sourcing support in line with strategies and plans developed by regional Marketing Category lead to manage effectively and efficiently the spend and suppliers while aligning with Visa’s strategic business goals. 

 

Working with the stakeholders in cross-functional teams to continue to shape the category, bring leading practices, thinking and solutions to the category by proactively supporting the business and delivering on the sourcing strategy and plans and taking the full ownership for commercial, sourcing projects and related activities.

 

Key Accountabilities

  • Have a good knowledge and understanding of internal financial operational procedures to navigate through the sourcing process.
  • Engage, build and maintain stakeholder relationships to understand business requirements.
  • Support sourcing processes and projects, RFP, RFI, RFQ, based on the defined priorities.
  • Support planning and prioritization of sourcing activities (RFx), to ensure that the most important opportunities in terms of business needs, cost savings and risk mitigation are delivered. 
  • Support the execution of pipeline plans of sourcing new requirements and renewals
  • Support business partnering approach with the stakeholders.
  • Use procurement technology, procurement and category information sites, to grow category and procurement knowledge.
  • Collaborate and share knowledge with the wider Sourcing team.

 

We are aiming to move fast and the environment is dynamic thus there are likely to be some changes in responsibilities and priorities so we expect you to be flexible embracing transformation, personal development and new learnings!

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

• Educated to degree level desirable
• CIPS qualification desirable (Or working towards)
• Previous experience in Sourcing / Procurement, 3-4 years in a similar role supporting
• Knowledge and experience in spend data analytics and related tools
• Knowledge and experience of procurement tender processes (RFx)
• Experience in running tenders including 3 Bids & Buy and e-auctions through Ariba
• Knowledge and experience of Ariba and related S2C and P2P processes and tools
• Team player with energy, pace and a track record of delivery.

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Average salary estimate

$65000 / YEARLY (est.)
min
max
$50000K
$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 Sourcing Analyst, Visa

If you're an enthusiastic procurement professional ready to take the next step in your career, Visa is looking for a talented Sourcing Analyst to join our diverse team in Bangalore, India. At Visa, a global leader in payments and technology, we are dedicated to connecting the world through innovative and secure payment solutions. As a Sourcing Analyst, you will play a crucial role in shaping sourcing strategies and enhancing vendor relationships while supporting stakeholder needs across the organization. Your responsibilities will include managing sourcing processes like RFPs and RFQs, utilizing procurement technologies, and collaborating with cross-functional teams to optimize spend data analytics. We celebrate individuality and believe that our unique backgrounds foster creativity and innovation. Visa provides a supportive work environment that encourages a work-life balance, with flexibility in work schedules and comprehensive wellness programs. With a market-leading salary and fantastic benefits, you’ll find Visa to be an exciting place to make an impact. If you have 3-4 years of experience in the procurement field, a degree qualification, and are familiar with platforms like Ariba, we want to hear from you. Join Visa and contribute to our mission of enabling economies to thrive while elevating the function of sourcing to new heights. Let’s work together to transform how the world pays and be part of a truly inclusive culture – your future starts here at Visa!

Frequently Asked Questions (FAQs) for Sourcing Analyst Role at Visa
What are the key responsibilities of a Sourcing Analyst at Visa?

As a Sourcing Analyst at Visa, your primary responsibilities include managing sourcing processes such as RFPs, RFIs, and RFQs, building and maintaining stakeholder relationships, and supporting cross-functional teams. You're also expected to handle procurement analytics and ensure that the sourcing activities align with Visa’s strategic business goals.

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What qualifications are required for the Sourcing Analyst position at Visa?

To be considered for the Sourcing Analyst role at Visa, candidates should ideally possess a degree and have 3-4 years of relevant experience in sourcing or procurement. Earning or working towards a CIPS qualification, along with familiarity with procurement tools like Ariba and analytics, is highly desirable as well.

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Does the Sourcing Analyst role at Visa involve cross-functional teamwork?

Absolutely! The Sourcing Analyst at Visa will collaborate closely with cross-functional teams to understand their requirements and ensure that sourcing strategies effectively support business objectives across the organization. Effective communication and teamwork are essential to successfully navigate these partnerships.

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What is the work environment like for a Sourcing Analyst at Visa?

Visa promotes a hybrid work environment, allowing Sourcing Analysts to work both remotely and in the office 2-3 days a week based on the needs of the business. This flexibility supports work-life balance and creates an inclusive atmosphere where employees can thrive.

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How does Visa ensure compliance in its sourcing processes?

Visa ensures compliance in its sourcing processes through stringent internal financial operational procedures and by leveraging procurement technology. The Sourcing Analyst plays a crucial role in adhering to these procedures throughout the sourcing lifecycle.

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What tools and technologies does a Sourcing Analyst at Visa use?

In the role of Sourcing Analyst at Visa, you will utilize procurement technology such as Ariba along with various analytics tools to optimize sourcing processes and maintain knowledge of categories and procurement strategies.

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What type of impact can I expect to make as a Sourcing Analyst at Visa?

As a Sourcing Analyst at Visa, you can expect to have a significant impact by driving sourcing strategies, managing vendor relationships, and contributing to cost-saving initiatives, all while aligning with Visa’s broader mission of helping individuals and economies thrive.

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Common Interview Questions for Sourcing Analyst
Can you explain your experience with procurement tender processes like RFx?

In response to this question, highlight specific tender processes you’ve managed, discussing any tools or methodologies you used, such as Ariba. Illustrate your understanding of effective tender management and how it contributes to organizational goals.

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How do you prioritize sourcing projects when there are multiple competing needs?

Discuss your approach to prioritization, emphasizing your ability to align projects with business needs. Mention specific criteria you use for assessment, such as cost savings, risk mitigation, and strategic alignment.

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Describe a challenging sourcing project you’ve worked on and how you overcame obstacles.

Provide a detailed example of a challenging project, what obstacles you encountered, and the solutions you implemented. Focus on teamwork, adaptability, and how your actions contributed to the overall success of the sourcing initiative.

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What strategies do you use to build relationships with stakeholders?

Highlight your interpersonal skills, ability to listen, and communicate effectively. Provide examples of how you proactively engage with stakeholders to understand their needs and build trust over time.

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How do you stay updated with the latest trends in procurement and sourcing?

Discuss your strategies for continuous learning, such as attending workshops, following industry publications, and networking with professionals in the field. Mention how these activities inform and enhance your sourcing practices.

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Can you discuss your experience with spend data analytics?

In answering this question, share examples of how you’ve analyzed spend data in past roles. Discuss the tools and methodologies you’ve used to draw insights that support informed sourcing decisions.

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What role does teamwork play in the Sourcing Analyst position?

Emphasize the importance of collaboration in achieving sourcing objectives. Share examples where teamwork led to successful outcomes and how you foster collaborative relationships in cross-functional teams.

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How do you handle tight deadlines in your sourcing projects?

Talk about your time management strategies and how you can maintain quality and compliance even under pressure. Offering examples of successful project delivery despite tight deadlines would be highly beneficial.

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What are your thoughts on using technology in sourcing?

Share your positive outlook on technological advancements in sourcing, discussing specific tools like Ariba or procurement platforms. Emphasize how these tools can streamline processes, enhance efficiencies, and foster effective decision-making.

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How would you measure the success of your sourcing efforts?

Discuss specific metrics you would track, such as cost savings, supplier performance, and stakeholder satisfaction. Illustrate how continuously measuring these metrics can lead to ongoing improvement in sourcing strategies.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
November 30, 2024

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