Sourcing Manager, Technology

Sourcing Manager, Technology – Denver, Colorado

Are you ready to join a world class financial services Technology Sourcing organization that helps people prosper? Are you interested in joining a globally diverse organization where our unique contributions are recognized and celebrated, allowing each of us to thrive?  Then it’s time to join Western Union as a Sourcing Manager, Technology!

Western Union powers your pursuit.

The Sourcing Manager for Technology is responsible for identifying, evaluating, and procuring technology products and services that align with Western Union’s strategic goals. This role focuses on managing vendor relationships, ensuring cost effective solutions, and staying up-to-date with industry trends to drive innovation and operational efficiency.  The Sourcing Manager will work closely with cross-functional teams, including IT, Legal and Finance, to ensure the timely acquisition of technology solutions that meet the business requirements.

Role Responsibilities

Strategic Sourcing

• Conduct market research to stay informed of new and emerging technologies, trends, and supplier capabilities.
• Lead the end-to-end sourcing process for technology-related products and services, including hardware, software, cloud services, telecom, and market data.
• Develop and execute sourcing strategies that align with business needs, ensuring cost savings, efficiency, and quality.

Run Market Events

• Identify opportunities to replace old, expensive, low performing technology, with new, less expensive, high-performing alternative/substitute technology products and services.
• Work with business and technology teams to capture the scope for the market event and write it in such a way as to help the vendors provide the answers needed for the business and technology teams to score the submissions and select a new partner for that scope.
• Arrange and lead Vendor Conferences, Presentations, Score Card Development, Analyze Pricing, Negotiate Pricing and Terms and Conditions for onboarding and contract execution, capture the spend by articulating baseline spend and new spend with a focus on reducing the run rate and avoiding high costs.

Manage Vendor Relationships

• Identify and develop relationships with technology vendors and suppliers.
• Negotiate contracts and service level agreements (SLAs) with vendors to ensure favorable terms.
• Conduct regular performance evaluations and manage ongoing vendor relationships.
• Collaborate with legal and compliance teams to ensure vendor agreements adhere to company policies and regulations.

Manage Costing and Budgeting

• Develop and manage sourcing strategies to budgets for technology-related procurement projects.
• Identify cost optimization opportunities and implement strategies to reduce procurement spend.
• Monitor and analyze procurement metrics to track savings and ensure budget compliance.

Establish Cross-functional Teams and Facilitate Collaboration

• Partner with IT, Product, Ecosystem, and other departments to understand technology requirements and ensure sourcing aligns with business objectives.
• Provide guidance on technology procurement best practices and vendor selection.
• Ensure effective communication between internal stakeholders and vendors to maintain alignment throughout the contracting process.

Manage Supplier Risk

• Assess and mitigate risks associated with the sourcing and procurement of technology products and services.
• Develop contingency plans and ensure business continuity in case of vendor failure or disruption.
• Ensure compliance with data security and privacy regulations during vendor selection and management.

Conduct Contract Negotiations

• Utilize Microsoft Office (Excel and Word) to communicate the Western Union position on contract documents with internal teams to external vendors and suppliers.
• Proficiently mark up the document in redline, proposing changes that support protection of the firm and best align Western Union to save money, improve total cost of ownership (TCO), enhancing transition breakeven, and even generating a return on investment through improved productivity and discovery of unfound revenue streams.
• Develop PowerPoint Presentations (Microsoft Office Suite) that effectively communicate the sourcing strategy, execution of the sourcing strategy, risk and mitigation, and spend and saving analysis.

Lead Category Planning and Performance Reporting

• Review and analyze existing spend, apply procurement fundamentals and critical thinking, develop executive summary and communicate proposed sourcing strategy to stakeholders in the capacity of the Trusted Advisor.
• Provide regular updates to senior leadership on sourcing activities, cost savings and vendor performance.
• Drive continuous improvement initiatives based on performance data and feedback.

Role Requirements

• A Bachelor's degree in Business, Supply Chain Management, Information Technology, Communications, or other related field.
• A Master’s degree or professional certification (e.g., CPSM, PMP or CIPS) is a plus.
• 7+ years of experience in sourcing or procurement with at least 5 years of experience in a technology-focused role.
• Proven experience in contract negotiations, vendor management, and cost optimization in technology space.
• Strong negotiation, communication, and interpersonal skills.
• Deep understanding of technology products, services, and the tech supply chain.
• Ability to manage multiple priorities and meet deadlines.
• Proficient in procurement software and spend analytics tools (e.g., LevelPath, SharePoint, PowerBI, etc.).
• Knowledge of market trends in technology and emerging innovations.
• Strategic thinker with a problem-solving mindset.
• Ability to work collaboratively in cross-functional teams.
• Strong attention to detail and organizational skills.
• Adaptability and resilience in a dynamic environment.
• This role is essential for ensuring that Western Union’s Technology Sourcing Strategy is both efficient and forward-thinking, enabling it to maintain a competitive edge in the ever-evolving tech landscape.  The successful candidate will have the knack for high-pressure negotiations, be able to think quickly on their feet, and consistently perform like a Tech Sourcing Rockstar!

We make financial services accessible to humans everywhere. Join us for what’s next.

Western Union is positioned to become the world’s most accessible financial services company —transforming lives and communities. We’re a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe. More than moving money, we design easy-to-use products and services for our digital and physical financial ecosystem that help our customers move forward.

Just as we help our global customers prosper, we support our employees in achieving their professional aspirations. You’ll have plenty of opportunities to learn new skills and build a career, as well as receive a great compensation package. If you’re ready to help drive the future of financial services, it’s time for Western Union. Learn more about our purpose and people at https://careers.westernunion.com/.
 

Salary 

The base salary range is $95,000 – $130,000 USD per year, total on target compensation includes a base salary and short-term incentives that align with individual and company performance. Actual salaries will vary based on candidates’ qualifications, skills, and competencies.

Benefits 

You will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms, to name a few (https://careers.westernunion.com/global-benefits/).

Please see the location-specific benefits below and note that your Recruiter may share additional role-specific benefits during your interview process or in an offer of employment. 

  

Your United States – Specific Benefits Include 

• Family First Program 
• Flexible Time off 
• Medical, Dental and Life Insurance 
• Student Loan Repayment Program 
• Tuition Assistance Program 
• Parental Leave 

  

Location (Hybrid): 7001 E. Belleview Ave Denver, CO 80237

Western Union values in-person collaboration, learning, and ideation whenever possible. We believe this creates value through common ways of working and supports the execution of enterprise objectives which will ultimately help us achieve our strategic goals. By connecting face-to-face, we are better able to learn from our peers, problem-solve together, and innovate.

Our Hybrid Work Model categorizes each role into one of three categories. Western Union has determined the category of this role to be Hybrid. This is defined as a flexible working arrangement that enables employees to divide their time between working from home and working from an office location. The expectation is to work from the office a minimum of three days a week.

For residents of Colorado, California, Connecticut, Delaware, Minnesota, and Pennsylvania: Please do not respond to any questions on this initial application that may seek age-identifying information such as age, date of birth, or dates of school attendance or graduation. You may also redact this information from any materials you submit during the application process. You will not be penalized for redacting or removing this information.

We are passionate about diversity. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve.

We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status.

The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.

#LI-JF1 #LI-Hybrid

Estimated Job Posting End Date:

02-17-2025

This application window is a good-faith estimate of the time that this posting will remain open. This posting will be promptly updated if the deadline is extended or the role is filled.