VP Sourcing and Procurement

The Bancorp

. Develop enterprise sourcing strategy, including category and purchasing strategies across technology and other material third-party spend .

Posted 10/23/2026full-timeWilmington • United StatesLeadWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates expertise in developing enterprise sourcing strategies and managing vendor relationships while ensuring compliance with procurement policies. Proven ability to analyze spending, deliver savings, and lead negotiations effectively.

Highest-signal resume keywords

Sourcing And Procurement ExperienceVendor Contract ManagementAnalytical And Decision-Making SkillsMicrosoft Office ProficiencyLeadership And Team Development

ATS Keywords

Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills

Enterprise Sourcing StrategyCategory And Purchasing StrategiesFinancial Tracking And ValidationCompetitive Sourcing And NegotiationsProcurement Policies Development

Soft Skills

Attention To DetailVerbal And Written CommunicationInterpersonal SkillsCollaborative Work StyleDecision-Making

Tools & Technologies

Microsoft ExcelMicrosoft PowerPointMicrosoft WordMicrosoft Outlook

Industry Keywords

Vendor PerformanceThird Party Risk ManagementContract StandardsCommercial TermsExpense Savings Commitments

About the role

Key responsibilities & impact

Develop enterprise sourcing strategy, including category and purchasing strategies across technology and other material third-party spend
Analyze enterprise spending, demand, and major supplier relationship economics
Challenge unused services, licenses, consultants, duplicate capabilities, and unnecessary commitments
Deliver and track annual and in-year expense savings commitments with Finance and leadership
Maintain a qualified opportunity pipeline with baselines, owners, expected value, timing, and next actions
Provide senior leadership reporting on savings, spending, vendor performance, renewal priorities, and required decisions
Lead competitive sourcing and negotiations, including requests for information and proposals, market analysis, supplier evaluation, and commercial negotiations
Track and validate financial results, distinguishing hard savings, avoided increases, demand effects, and working capital benefits
Oversee implementation of pricing, scope, and usage changes in contracts, billing, and actual expense
Develop procurement policies and purchasing controls and partner with Legal on contract standards and commercial terms
Oversee accurate vendor and contract records, including ownership, spending, obligations, renewal and notice dates, criticality, and risk classifications
Plan renewals, renegotiations, and exits ahead of contractual notice deadlines
Coordinate vendor reviews and controls with Third Party Risk Management, Legal, Compliance, and Information Security
Oversee supplier performance and governance through segmentation, scorecards, and business reviews
Lead, coach, and develop sourcing, procurement, and Vendor Management Office staff
Perform other duties as assigned

Requirements

What you’ll need

Bachelor's degree or an equivalent combination of training and experience
Minimum of 8 years of sourcing and procurement experience
Strong working knowledge of legal and vendor contract terms and conditions preferred
Excellent analytical and decision-making skills preferred
High level of attention to detail preferred
Consistent track record of producing high-quality results preferred
Ability to lead groups of people toward common goals preferred
Excellent verbal, written, and interpersonal communication skills preferred
Able to work effectively in a collaborative, multi-tasking environment preferred
Proficiency in the Microsoft Office suite, including Excel, PowerPoint, Word, and Outlook, preferred
No travel required
Successful completion of a background check including credit, criminal, education, employment, OFAC, and social media background history

Benefits

Comp & perks

Competitive pay
Benefits information provided by the employer
Background screening including credit, criminal, education, employment, OFAC, and social media background history