Strategic Sourcing

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world's largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About Procurement

Procurement is part of Stripe Finance and is responsible for the entire buying journey at Stripe. From sourcing new suppliers or renewing engagements with existing ones to facilitating purchase order approvals, paying valid supplier invoices, and managing Stripe's travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe's standards, and onboards suppliers for secure payment processing.

About Strategic Sourcing & Risk Management

Stripe is building a world class Strategic Sourcing & Category Management team that strives to maximize value for the organization through supply optimization strategies, supplier negotiations, ensuring appropriate service level agreement terms, and holding suppliers accountable for meeting business requirements. 

The Third Party Risk Management (TPRM), is accountable for defining, maintaining, and overseeing the third party risk framework, policy, and inventory in accordance with management expectations and best practices. We are focused on assessing and managing risks exposed through our relationships with third parties, adhering to regulatory guidance, and driving operational efficiencies across risk teams. TPRM is a regulatory obligation for Financial Services companies.

We're looking for a 'Manager - Strategic Sourcing & Risk Management' to join our Procurement team and help us drive organizational transformation.

What you'll do

We are looking for an experienced Sourcing professional to focus on establishing trusted business partner relationships across Stripe with a "users first" approach to ensure early and active participation across the full lifecycle of strategic sourcing, procurement & risk management, including: category planning, sourcing strategies, RFx execution, supplier evaluation, selection and oversee the ongoing operations of the third party risk management, contract negotiations and management, and continuous improvements. You will play a critical role in ensuring Stripe's procurement aligns with our operational principles by contributing to our sustainable growth while fostering strong, ethical supplier relationships.

Responsibilities

• Contribute to execute the strategic sourcing plans for designated categories, such as identifying opportunities for cost reduction, quality improvement, and process efficiencies.
• Lead supplier selection, assessment, and contract negotiation processes, ensuring compliance with Stripe's policies and risk management protocols.
• Conduct market research and analysis to inform category strategies and stay ahead of industry trends.
• Be an active champion across the company supporting our third party risk programs and fiscal initiatives when engaging in Procurement activities.
• Deliver on strategic sourcing management goals including cost savings and spend under management, and implement any necessary process enhancements to ensure that those goals are achieved.
• Evaluate existing supplier base and identify rationalization and/or RFx opportunities in partnership with business teams and Finance, allowing Stripe to maximize negotiating leverage.
• Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness.
• Participate in establishing short-term and long range planning and budget development of the company to support strategic business goals.  
• Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripes recognize and value.
• Oversee the third-party assessments, risk domain reviews (reputation, outsourcing and financial risks), and maintain the offboarding and termination processes. Continue to support the improvements of third-party risk reporting to senior leaders, stakeholders, and governance groups.
• Effectively manage the sourcing team by establishing S.M.A.R.T. goals and objectives. Conduct regular 1:1 meetings to provide timely feedback, support team members in enhancing their skillsets, and foster a culture of continuous improvement. Additionally, you will coach and mentor team members to help them achieve their professional development goals and drive overall team performance.

Who you are

We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

• A minimum of 12+ years of experience in indirect sourcing, procurement, category management, or a related field and risk & compliance which could include third party, operational, enterprise, or other areas of risk and compliance management
• Demonstrated ability to develop and implement strategic sourcing and category management strategies
• Proven negotiation skills and a track record of achieving significant cost savings and supplier value without compromising on quality or service
• Strong analytical and problem-solving skills, with the ability to manage and interpret complex data
• Experience in supplier contracting with a solid understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements
• Leadership and stakeholder management skills with the ability to elevate ambitions and influence cross-functional and internal team members
• Excellent communication and organizational skills, both written and verbal, with the ability to represent Stripe effectively by interfacing with and influencing experienced business leaders
• Demonstrated experience successfully partnering with cross-functional stakeholders
• Self-disciplined, diligent, proactive and detail oriented

You will also likely have (not required):

• • Solution-oriented mindset with enthusiasm for establishing best practice
  • Comfort with a rapid pace of change, complexity, and working across matrixed functions, preferably within a fast-paced technology or financial services environment
  • Strategic mindset with the ability to make sound business decisions based on data and analytics
  • Understanding or experience with e-procurement tools and systems (e.g., Zip, Workday Strategic Sourcing, Oracle, etc.)
  • Familiarity with the fintech industry and its supply chain and procurement challenges