Financial Services Strategic Sourcing Analyst

The role

This person will support sourcing and procurement initiatives across Financial Services businesses. They will manage sourcing projects including RFPs, RFQs, contract renewals, and supplier negotiations.

What you will do

• Manage sourcing projects from intake through supplier selection, negotiation, contracting, and implementation.
• Lead RFPs, RFQs, renewals, competitive bids, and net-new supplier engagements.
• Partner with stakeholders to define sourcing strategies and develop evaluation criteria.
• Conduct market research, supplier benchmarking, spend analysis, and commercial-model assessments.
• Identify opportunities to consolidate suppliers and optimize demand.
• Lead negotiations involving pricing, rate structures, and commercial terms.
• Partner with Legal, Finance, Risk, Information Security, Compliance, and Third-Party Risk Management.
• Monitor supplier performance, contract expirations, and pricing escalators.
• Identify and negotiate cost savings and cost avoidance.
• Prepare pricing analyses, business cases, and executive-ready recommendations.

Required qualifications

• Bachelor’s degree in business, finance, supply chain, economics, or a related field, or equivalent experience.
• 4+ years of experience in strategic sourcing, procurement, vendor management, consulting, finance, or a related discipline.
• Experience managing sourcing projects, including RFPs, RFQs, renewals, competitive bids, or supplier negotiations.
• Strong analytical and financial modeling skills.
• Ability to negotiate pricing and contract terms with technology, data, financial services, or other strategic suppliers.
• Experience working with cross-functional stakeholders in a matrixed organization.
• Ability to manage multiple projects, prioritize competing demands, and meet deadlines.
• Strong written and verbal communication skills.
• Comfort working with ambiguity and developing practical solutions to business problems.
• Proficiency with Excel or Google Sheets, presentation tools, and procurement or contract-management systems.

Nice to have

• Experience supporting financial services, lending, credit bureau, fraud, identity, AML, risk, payments, cryptocurrency, or regulated technology categories.
• Experience working with suppliers that process sensitive financial, consumer, or personal information.
• Familiarity with third-party risk management, information security reviews, regulatory requirements, and contract governance.
• Experience negotiating SaaS, data, API, transaction-based, or usage-based supplier agreements.
• Procurement certification such as CPSM, CIPS, or equivalent.
• Experience using Coupa, Ironclad, Venminder, Workday, or similar procurement and contract-management tools.

About the company

SoFi is a next-generation financial services company and national bank using innovative, mobile-first technology to help its members reach their goals.