Strategic Sourcing

| San Francisco
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Blend helps lenders maximize their digital agility. Our digital lending platform is used by Wells Fargo, U.S. Bank, and other leading financial institutions to increase customer acquisition, improve productivity, and accelerate the delivery of any banking product across every channel. We process more than $3.5 billion in mortgages and consumer loans daily, helping millions of consumers get into homes and gain access to the capital they need to lead better lives.

Blend is looking for a dynamic, self-starter to join the Vendor Management team. As Strategic Sourcing Manager, you’ll provide subject matter expertise, business acumen and negotiation skills to facilitate selection and onboarding of third-party service providers. This strategic sourcing role is an excellent opportunity to drive impact across Blend and be part of an expanding team and Vendor Management program. You will be tasked with developing cross-functional strategic relationships to evaluate business requirements and cost optimization, as well as collaborate with risk stakeholders to implement a risk-based approach to onboarding third parties and guiding vendor lifecycle management.

How you'll contribute:

  • Review commercial agreements and lead business term negotiations to drive value and efficiencies across the organization
  • Act as a trusted consultant to business owners in vendor selection, requirements gathering and vendor performance management 
  • Oversee vendor onboarding activities including planning, inherent risk assessment and initial due diligence
  • Partner cross-functionally with Legal, Compliance, Finance, Security, IT, and other risk stakeholders to identify, mitigate and manage third-party risks
  • Guide business owners on oversight and monitoring activities, including QBRs, annual reviews, onsite visits, vendor scorecards and performance surveys
  • Lead continuous improvement efforts such as vendor rationalization, optimizing existing relationships, mitigating residuals risks and ensuring program compliance
  • Power through workflows with effective communications and keen sense of urgency
  • Generate periodic and ad hoc reports, and create dashboards with key metrics 

Who you are:

  • 5+ years of procurement, vendor management, consulting, and/or risk management experience in a fast-paced environment
  • Contract negotiations expertise, including understanding key commercial terms, issue spotting and developing robust SLAs
  • Strategic sourcing experience across technology and non-technology categories
  • Skilled at defining, influencing and driving procurement category strategies
  • Outstanding business acumen 
  • Strong critical thinking, project management and execution abilities
  • Skilled at building dashboards and generating reports
  • Ability to work independently and adaptively, and take initiative to resolve challenges

Bonus Points!

  • Relevant financial services or Fintech experience
  • Familiarity with OCC 2013-19 “Third-Party Relationships: Risk Management Guidance,” Enterprise Risk, Information Security and Privacy programs and regulations

Benefits and Perks:

  • Meaningful equity and a 401(k) plan
  • Comprehensive health benefits 
  • Wellness benefits covering a variety of wellness activities, fitness classes, fitness equipment and more 
  • Stipends for work from home setup, internet, and meals
  • Company-wide mental health days 
  • Weekly remote all hands
  • Flexible work schedule, with open vacation policy
  • 16 weeks of paid parental leave

Blend is an equal opportunity employer that values diversity, inclusion and belonging. We do not discriminate on the basis of race, religion, color, national origin, gender, gender identity or expression, sexual orientation, age, marital status, veteran status disability status, or any other characteristic protected by law. We will consider for employment all qualified applicants with arrest and conviction records in a manner consistent with applicable law, including the San Francisco Fair Chance Ordinance.
Notice at Collection for California Applicants 

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Technology we use

  • Engineering
    • GolangLanguages
    • JavascriptLanguages
    • PythonLanguages
    • SqlLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • Node.jsFrameworks
    • MongoDBDatabases

Location

415 Kearny Street, San Francisco, CA 94108

What are Blend Perks + Benefits

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Team workouts
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Adoption Assistance
Company sponsored family events
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours
Parking
Pet Friendly
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Home Office Stipend for Remote Employees
Professional Development Benefits
Job Training & Conferences
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Time allotted for learning
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