AVP, Sourcing (L10)

Role Title:AVP, Sourcing (L10)

Company Overview Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.
• We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.
• We provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.
• We provide career advancement and upskilling opportunities for all to take up leadership roles.

Organizational Overview:

This role is part of  Sourcing Team within Source to Pay(S2P) organization in Synchrony. Source to Pay Team provides centralized supplier procurement, contracting, & ongoing management support across all Synchrony Functions delivering those products and services needed to be successful in our daily operations.  

Role Summary:

The AVP Sourcing will execute and carry out the sourcing process, ensure supplier compliance during onboarding and engagement for renewal time periods, review contractual agreements of assigned suppliers, including developing certain sourcing category strategies for Global hubs (US and Asia). In this role, you will manage and mitigate supplier as well as business risks and work closely with the Business leaders and Sourcing Leaders.

Key Responsibilities:

• Regularly meet with business owners across Synchrony lines of businesses (LOBs) and/or Sourcing Leaders to provide guidance and direction to functional teams, with strong process responsibility to develop comprehensive plan to execute while meeting business needs (i.e., examine scope, cost, availability of products/services and market conditions to complete projects).
• Expertise on Global Supply markets (US and Asia) in terms of supplier/products/services and local compliance requirement for suppliers.
• Drive sourcing initiatives with focus on driving productivity, cost saving benefits and identifying rationalization opportunities.
• Leverage professional expertise with Legal and business owners to review and modify contractual terms & conditions.
• Oversight of supplier compliance with regulatory and reputational requirements throughout all stages of the sourcing process.
• Conduct and assist RFIs/RFPs, market research and identification, qualification and competitive analysis of required products and services.
• Utilize Source to Pay and e-Auction tools to leverage competition and drive cost reductions.
• Work with Sourcing Team Leader to identify, streamline and support implementation of improvement to Sourcing  operating plan as well as the overall Sourcing process
• Identify, streamline and drive implementation of sourcing strategies for various categories (majorly Technology, Marketing, and Contingent Labour).
• Work with Supplier Management teams and the functional businesses to ensure alignment with strategies, goals, and objectives.
• Regularly monitor, track and report on Sourcing projects to ensure adherence to cycle-time performance metrics.
• Create PowerPoint/Excel materials for review with senior and executive management teams, as required.
• Support updating of all purchasing-related SOPs.
• Perform other duties and/or special projects, as assigned.
• Utilize the Synchrony AI tool to enhance operational efficiency and drive data-driven decision-making.

Required Skills/Knowledge:

• Minimum of 7 years of experience within Sourcing (including but not limited to category management, contract negotiations, supply chain management, supplier management, and/or logistics) with a proven track record for strong execution and delivering value.

Desired Skills/Knowledge:

• Experience within Financial Service or Banking Industry
• Demonstrated project management skills
• Must have proven strong facilitation skills and experience delivering presentations
• Must have proven quantitative and analytical skill set
• Experience providing outstanding oral and written communication skills at all levels of the organization
• High enthusiasm and desire to work in fast paced, ever changing environment
• Proven ability to manage complex initiatives across multiple teams/platforms
• Ability to work independently and effectively manage multiple priorities with little supervision
• Experience working with Source to Pay systems (Coupa, Ariba, Oracle, or comparable solution)
• Strong PC proficiency (Microsoft Suite including: Word, Excel, PowerPoint, and Outlook) or comparable software application

Eligibility Criteria:

Bachelor’s degree with a minimum 7+ years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections), or in lieu of a degree 9+ years of experience in financial services or insurance (i.e., Supplier Risk Management, Operations, Customer Service, Collections)

Work Timings: 6pm to 3am IST

For Internal Applicants:

• Understand the criteria or mandatory skills required for the role, before applying
• Inform your manager and HRM before applying for any role on Workday
• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)
• Must not be any corrective action plan (First Formal/Final Formal, LPP)
• L08+ employees who have completed 18 months in the organization and 12 months in current role and level are only eligible
• L08+ Employees can apply

Grade/Level: 10

Job Family Group: