About this role
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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
SoFi is seeking a Financial Services Strategic Sourcing Analyst to support sourcing and procurement initiatives across our Financial Services businesses. This role will partner with teams across Home Loans,, Credit, Finance, Risk, Fraud, AML, Crypto, and other functions.
You will manage and execute sourcing projects across a broad range of financial services categories, including RFPs, RFQs, contract renewals, net-new purchases, competitive benchmarking, supplier negotiations, and cost-saving initiatives. The ideal candidate is comfortable working in a complex, highly regulated environment and can build strong relationships with business stakeholders while ensuring procurement processes are followed.
This role reports to the Head of Procurement and may support additional procurement projects and strategic initiatives as needed.
What you’ll do:
• Strategic Sourcing and Category Management
• Manage sourcing projects from intake through supplier selection, negotiation, contracting, and implementation.
• Lead RFPs, RFQs, renewals, competitive bids, and net-new supplier engagements across Financial Services categories.
• Partner with stakeholders to understand business requirements, define sourcing strategies, develop evaluation criteria, and establish project timelines.
• Conduct market research, supplier benchmarking, spend analysis, and commercial-model assessments.
• Identify opportunities to consolidate suppliers, improve commercial terms, increase competition, and optimize demand.
• Support category strategies and sourcing roadmaps for financial services suppliers.
Negotiation and Supplier Management
• Lead negotiations involving pricing, rate structures, volume tiers, minimum commitments, payment terms, service levels, termination rights, implementation fees, and other commercial terms.
• Evaluate supplier proposals and develop fact-based negotiation strategies.
• Partner with Legal, Finance, Risk, Information Security, Compliance, and Third-Party Risk Management to address contractual and supplier requirements.
• Monitor supplier performance, contract expirations, auto-renewal dates, pricing escalators, and other key commercial obligations.
• Support supplier relationship management and issue resolution in partnership with business stakehold