LendingClub (NYSE: LC) was founded in 2007 under the belief that a technology and data-driven marketplace can improve the way people access and invest in credit, creating value for both sides. Since then, we've helped millions of Americans take control of their debt, pursue their dreams, and invest in their future – all in a fair, transparent, and affordable way. Today we’re the world’s largest online credit marketplace, facilitating billions of dollars in loans annually, and we’re leading the governance of a new industry by developing ethical, responsible ways to bring greater value and better opportunities to our members. Everyone deserves a better financial future and our team is committed to making that a reality.
About the Role
This position will be responsible for developing, executing and managing sourcing, negotiation and vendor management activities related to technology purchases. This includes cultivating relationships with LendingClub stakeholders at all levels, focused on managing regular vendor engagement activities (sourcing, negotiating, contracting, risk review) and developing cost savings and category sourcing opportunities.
The Manager handles all aspects of the vendor management lifecycle in collaboration with the business partners, Risk SMEs and Legal. Responsibilities will include planning, vendor sourcing (including RFI’s & RFP’s, Reverse Auctions), risk assessment, pricing and contract negotiations, managing due diligence, and facilitating quarterly/annual business reviews to drive value from key suppliers. The role will also focus on collaborating with various business leaders to develop and execute category plans and sourcing strategies that minimize vendor risk while optimizing vendor economics and outcomes. This role will report to the Director, Procurement.
What You'll Do
Strong procurement and strategic sourcing experience. 6-8 years of experience. Background in working across a broad variety of technology purchases (hardware, software, data centers, AWS, storage, content delivery, data and service providers, VAR’s and other technology categories). Good overall project manager, able to prioritize and execute efficiently, playing a variety of roles to achieve results in a high-volume, fast-paced environment. Strong negotiation skills with demonstrated ability to create value.
- Category Management Strategy and Planning: Develop and manage procurement strategies for Technology categories including hardware, software, data centers, AWS, service providers and other technology categories.
- Supplier/Vendor Strategy: Plan, source and select new vendors. Work with business owners to optimize relationships with existing vendors.
- Negotiation: Work quickly but effectively to negotiate the best available price and terms to meet savings goals, minimize risk and ensure compliance.
- Contract Strategy and Execution: Understand key terms, lead contract negotiations, establish critical metrics and define SLA’s.
- Optimization of Economics: Own and develop financial analytics to support negotiations and/or purchasing activity, drive continual improvement.
- Risk Assessment and Due Diligence: Assist in the risk and due diligence process to move the vendor through the various stage gates from identification to contracting.
- Process and Execution: Manage a large number of procurement projects and negotiations ranging from order forms to MSA’s to RFI/RFP’s. Develop, select or implement processes and tools to support the Technology Procurement Program.
- Bachelor’s Degree required.
- 6-8 years of experience in procurement in the technology category in one or more of the following areas: strategic sourcing, procurement/purchasing (not P2P), vendor management, or management consulting.
- Top-notch communication, analytical and organization skills, including experience manipulating data to derive insights for senior management or executives
- Self-starter with ability to own projects from initial inquiry to completion
- Prior banking or financial services industry experience
- Familiarity with Federal regulations impacting the Financial Services industry (FDCPA, TCPA, OCC, etc.)
- Experience in a high growth technology environment
- Professional accreditation in sourcing or procurement
LendingClub is an equal opportunity employer and dedicated to diversity and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender identity, sexual orientation, age, marital status, pregnancy status, veteran status, or disability status. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.