- Shanghai, China
As the world’s leader in digital payments technology, Visa’s mission is to connect the world through the most creative, reliable and secure payment network - enabling individuals, businesses, and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s dedication to innovation drives the rapid growth of connected commerce on any device, and fuels the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.
At Visa, your individuality fits right in. Working here gives you an opportunity to impact the world, invest in your career growth, and be part of an inclusive and diverse workplace. We are a global team of disruptors, trailblazers, innovators and risk-takers who are helping drive economic growth in even the most remote parts of the world, creatively moving the industry forward, and doing meaningful work that brings financial literacy and digital commerce to millions of unbanked and underserved consumers.
You’re an Individual. We’re the team for you. Together, let’s transform the way the world pays.
Key Objectives and Responsibilities:
Builds relationships with business partners, preparing a proactive project pipeline for the market and category specific initiatives by performing routine to moderately complex market, benchmark and spend analysis.
Develops regional, category and commercial models including SLA negotiation and implements solutions into the operational environment, ensuring that Visa enhances its value on activities across all business areas through supplier consolidation efforts.
Establishes ongoing contract and supplier relationship programs to track and measure performance, identify improvement areas, and provide 360 visibility over contract term.
Consults with designated business unit to understand procurement risk, defines project objectives, initiates and tracks due diligence on designated online tools. Evaluates services, delivery, execution methods and other necessary details, engaging with relevant risk stakeholders through the contracting process to minimise Visa’s risk exposure.
Lead, facilitates and project manages local, regional, global preferred supplier selection, drafting and issuing RFx, including contract negotiations. Engages legal and other business units as necessary to achieve favourable terms on quality, delivery, service levels and price.
Understands and addresses the challenges of international procurement such as regulatory practices/government requirements, cross-cultural business practices, economic and political risk factors, language and communication. Evaluates and minimize risks associated with global transactions such as currency exchange rate fluctuations, duties, taxes, payment terms, lead time and country-specific market dynamics.
Serves as local expert to provide day to day management and accuracy of contracts repository, efficiency of P2P workflow and processes, and timely risk due diligence. Works in collaboration with operations, tracking purchase requests whilst verifying compliance with relevant policies.
Identifies future opportunities. Creates, implements and recommends continuous improvements or standards to simplify processes whilst minimizing risk.
Meets and exceeds targeted key performance indicators (savings budget, contract quality, process improvements including P2P efficiency, etc).
The preferred candidate shall have the following qualifications and capabilities:
Bachelors/Degree or equivalent experience, typically requires greater than 08 years of progressively responsible Procurement/Purchasing experience within a fast-paced environment, spanning the areas of strategic sourcing, category management, commercial management, contract management or procurement management..
Proven experience in contract negotiations and drafting required.
Proven ability to execute independently and operate successfully within a matrix/team structure.
Ability to develop new concepts to enhance the end to end sourcing process for the business (improved end-user experience).
Excellent planning and organization skills and business judgment, including the ability to prioritise multiple tasks/projects and anticipate the impact of decisions/initiatives.
Demonstrated project management skills with ability to drive consensus in cross regional and cross functional teams, as subject matter expert.
Excellent analytical, financial modelling and problem solving skills.
Excellent written and verbal communication skills, interpersonal and presentation skills and the proven ability to influence and communicate effectively.
Proficiency in Microsoft Office: Excel Advanced, Word, PowerPoint and Outlook;
Strong proficiency in purchasing systems and organizational interfaces (including, Ariba, Oracle and Risk management tools).
Candidate must take a business solutions approach, be seen as a business partner, self-motivated, and a strong team player, able to lead matrix teams.
Previous procurement experience managing complex relationships, including international agreements and outsourcing highly preferred.
Entrepreneurial mind-set and approach to problem solving.
Ability to interact effectively with external partners including suppliers and clients
As a member of the AP Sourcing Procurement Operations team, the candidate will be a leader within a key operational pillar, Procurement Operations, as part of the ongoing operational transformation within the function. This role will ensure the new Ariba Guided Buying platform will operate effectively and deliver the intended benefits to the users. Being a team leader it also allows the candidate for great learning and execution of strong leadership skills and other career development opportunities.