Manager, Sourcing & Vendor Oversight

Responsibilities

Universal Sourcing & Procurement

• Lead negotiations for all relationship issues, contract terms, pricing, and ad hoc projects.
• Serve as the primary procurement and sourcing lead for any goods or services requested by Octane team members, with primary focus on ensuring High and Critical vendors have sufficient oversight, competitive pricing, and optimal cost of ownership.
• Review, redline, and negotiate contracts, SLAs, and SOWs to secure optimal business and legal terms for Octane.
• Lead the full sourcing lifecycle for all company sourcing needs with primary focus on critical/high risk exposure; conduct RFP/RFQ’s as needed.
• Conduct spend analysis and competitive benchmarking to identify cost optimization and renegotiation opportunities.

Strategic Vendor Management (Critical/High Vendor Focus)

• Serve as the primary day-to-day point of contact and Relationship Owner for all Critical vendors and a portion of High Risk vendors.
• Coordinate quarterly stewardship meetings, manage performance scorecards, and track KPIs to ensure high-risk partners meet contractual obligations.
• Maintain the Issues & Escalations log, driving vendor-related problems from identification to final resolution.

Third-Party Risk Management (TPRM) & Compliance

• Implement the ongoing review schedule and document all activities within the TPRM platform.
• Drive the execution of required onboarding (access, training, security evidence) and formal termination procedures (access removal, data destruction).
• Partner with 1st and 2nd Line of Defense (Legal, InfoSec, Compliance) to ensure all third-party activities align with Octane’s risk appetite and industry regulations.
• Partner with the Director of TPRM to build and mature the program, execute high-priority initiatives, and refine the end-to-end risk lifecycle.

Operational Integrity

• Maintain accurate records within the vendor tracking system, including spend data, insurance certificates (COIs), and compliance certifications.
• Develop and refine sourcing templates, SOPs, and playbooks to create a repeatable and defensible procurement process.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• 5-7+ years of professional experience in procurement, strategic sourcing, and/or third-party risk management (TPRM).
• Experience acting as the lead negotiator for complex commercial terms and service level agreements (SLAs).
• Experience in highly regulated industries (e.g., Banking, Financial Services, Fintech) strongly preferred.
• Advanced skills in Microsoft Excel and financial analysis tools for spend analysis and cost modeling; demonstrated experience using Microsoft Word for contract redlining.
• Expertise in contract redlining and structuring Statements of Work (SOWs).
• Experience maintaining data integrity within vendor tracking systems.
• Foundational knowledge of Cybersecurity, IT, physical security, and similar high-risk vendors.
• CPSM, CPM, or CTPRP certification preferred.

Compensation & Benefits

• Base salary of $115,000 to $140,000 + corporate bonus eligibility.
• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Flexible Time Off (FTO) Policy
• Retirement Plan (401k) with company match
• Educational Assistance/Tuition Reimbursement up to $3K/year
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Ancillary benefits including accident insurance, hospital insurance
• Wellhub (Gympass) Wellness Benefit
• Recreational Safety Benefit