About Kraken
As one of the largest and most trusted digital asset platforms globally, we are empowering people to experience the life-changing potential of crypto. Trusted by over 8 million consumer and pro traders, institutions, and authorities worldwide - our unique combination of products, services, and global expertise is helping tip the scales towards mass crypto adoption. But weâre only just getting started. We want to be pioneers in crypto and add value to the everyday lives of billions. Now is not the time to sit on the sidelines. Join us to bring crypto to the world.
To ensure Kraken is the right fit for you, please ensure you read Kraken Culture Explained to find out more about us!
About the Role:
The Procurement department within Finance is looking for a Strategic Sourcing Manager who will work closely with business partners within the Finance function as well as with business partners across the company to drive long-term value of vendor relationships. You will work closely with cross-functional teams such as Legal, Finance, and various Risk teams to identify savings opportunities and drive compliance for procurement policies. This is an exciting opportunity to be at the forefront of a rapidly expanding industry and contribute to the building of the new global financial system.
This role is 100% remote.
What You'll Do:
- Lead and/or support complex sourcing engagements for various teams interested in products and services that fall into the Technology category (SaaS/Software, IT Professional Services, Hardware, etc.) and potentially other categories as neededÂ
- Proactively collaborate with business partners and stakeholders in contract negotiations with suppliers; develop negotiation approaches, fallback positions and acceptable terms and conditions through contract completion and identify key benchmarks to measure contractual arrangements
- Help lead/support a high level of change management S2P transformational initiatives that require a strong understanding of external industry best practices and implementation of Kraken policies
- Project manage the contract review process with internal stakeholders and coordinate with legal subject matter experts as needed
- Identify and lead/support supplier rationalization plans to optimize existing vendors to deliver cost reduction, supply assurance, quality improvement, innovation and increased vendor utilityÂ
- Understand business requirements and priorities; formulate guidelines and design standard vendor contract protocolsÂ
- Establish vendor life-cycle strategy to oversee planning, sourcing and selection of new vendors, manage data for vendor performance and manage vendor off-boarding and transitionÂ
- Identifying risks associated with key vendors and manage and help monitor supplier performance against negotiated SLA and MSA termsÂ
- Perform spend and financial analytics (Ex: TCO, Price Proposal Comparison, Category Spend Overview, etc.) to support commercial term negotiations with performance dashboards
- Supporting other ad hoc projects as needed Â
- Deliver relevant procurement training content to business stakeholders to ensure a standard approach for delivery of procurement best practices, policy, and tools
- Proactively work to resolve performance issues with assigned suppliers to ensure effective and timely resolution
- Cultivate positive working relationships internally and externally, using data and facts to drive discussions
- Be a trusted business advisor to your internal partners through your industry knowledge/experience, understanding of Procurement best practices, etc.Â
Who You Are:
- 5+ years of strategic sourcing, procurement or vendor management experience; in a high growth technology environment preferredÂ
- Bachelorâs degree from an accredited university preferably in Procurement, Business Administration or related field.Â
- Must be comfortable in a âroll-up your sleevesâ environmentÂ
- Strong relationship building, communication and project management to demonstrate project status, key actions, risks and opportunitiesÂ
- Has strong negotiating skills, along with a strong presence and ability to influence others, including senior leadershipÂ
- Able to work independently, as well as work in a team-orientated and fast paced environmentÂ
- Nimble with ability to take decisive action to address business needs that meet corporate business objectives
- Experience in fintech, banking industry or financial markets is preferred
- Experience with cryptocurrencies and knowledge of blockchain technology is preferred
- Absolutely must have experience negotiating SaaS agreements (reviewing redlines, identifying potential solutions, etc.) and pricing structures effectivelyÂ
Location Tagging #US
Weâre powered by people from around the world with their own unique and diverse experiences. We value all Krakenites and their talents, contributions, and perspectives, regardless of their background. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto!
As an equal opportunity employer we donât tolerate discrimination or harassment of any kind. Whether thatâs based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.Â
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