Strategic Sourcing ManagerCategoryCorporate Functions & RiskJob Id2025-0021517LocationMinneapolis, MN, United StatesPosting Start Date09 / 29 / 2025Anticipated Posting End Date10 / 05 / 2025Job TypeFull time

Sourcing Manager

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel atall from Day One.

U.S. Bank is seeking a Sourcing Manager with vendor management and contractual negotiation experience to contribute toward the success of our vendor expense initiatives. Responsibilities include the support of processes and practices necessary to source and manage suppliers to produce quality products / services and manage risk. Performs tactical planning for sourcing initiatives and spend management for a portfolio of spend. Project work includes recommendations relating to vendor choice, negotiation strategy, business requirements definition focusing on vendor negotiations with an array of vendors. Regularly interacts with business line subject matter experts providing recommendations and incorporating original thought and credible challenge. Support Business Lines with their vendor negotiations with existing or new smaller vendor relationships. Periodic work focused on identifying and assisting in the deliverance of cost savings, pricing negotiations, consolidation opportunities, demand management, etc. Additional responsibilities : Negotiates to optimize client's budget and other financial responsibilities; Performs sourcing and planning; Reviews business standards for vendor performance; Coordinates activities related to anticipating, negotiating, and executing the managed contracts; Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards; Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company.

Basic Qualifications - Bachelor's degree in business, finance, supply chain management or logistics, or equivalent work experience - At least one year of related experience.

Preferred Skills / Experience - Experience in creation and / or implementation of a category strategy for enterprise-wide expenditures - Thorough knowledge of category management in areas such as consulting, temporary labor, business process outsourcing - Ability to manage relationships with large, strategic vendors - Well-developed critical thinking and analytical skills - Ability to work effectively with individuals and senior level executives inside and outside the organization - Excellent verbal and written communication skills.

The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) : Healthcare (medical, dental, vision), Basic term and optional term life insurance, Short-term and long-term disability, Pregnancy disability and parental leave, 401(k) and employer-funded retirement plan, Paid vacation (from two to five weeks depending on salary grade and tenure), Up to 11 paid holiday opportunities, Adoption assistance, Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.