The posting
As Marqeta’s Vendor Management Senior Analyst you will be responsible for helping build and support a vendor management and strategic sourcing program that maximizes value from our vendor relationships and manages our third party vendor risk. We are looking for someone who is highly motivated to help us build new systems, processes, and improve efficiency .
You will work closely with colleagues and teams across the company to support centralised direct and indirect sourcing and procurement efforts, including responsibility for supporting process creation, strategic sourcing and vendor identification, contract negotiation, ongoing monitoring, RFPs, and relationship management.
The ideal candidate will be someone who is enthusiastic, flexible, detail-oriented, a strategic thinker, passionate about creative problem solving, is exceptional at working cross-functionally, and thrives in a fast-paced, dynamic environment with many challenges and opportunities.
NOTE: This role can be performed remotely within the UK or from our London, Holborn office.
If you are based within 35 miles of our London office we expect you to work on-site two days a week, on Tuesday & Thursday, with the flexibility to work remotely on the other days.
The Talent team will share more details if selected for the "Recruiter" Interview. We'd love for you to join us!
The Impact You'll have
- Support Marqeta’s strategic sourcing and vendor management vision, processes, and tools.
- Provide support in procurement/strategic sourcing activities, including supporting contract negotiation, administration, amendment and cancellation, and coordinating activities with the legal, compliance, security, and finance teams, as appropriate.
- Monitor performance metrics relating to the strategic sourcing/procurement program and vendor performance, suggest improvements across any areas of concern, and promptly escalate critical issues to senior management.
- Continuously identify and drive opportunities to optimize strategic sourcing and vendor management processes without compromising quality, risk management, or service levels.
- Conduct savings analyses and modeling to prioritise procurement savings opportunities, build recommendations, and track savings achieved as a result of strategic sourcing initiatives.
- Identify and assess potential risks associated with vendor relationships and implement risk mitigation strategies and contingency plans.
- Coordinate with internal teams to provide support and guidance on vendor-related matters and oversee the resolution of any issues.
- Maintain strong working relationships with internal and external stakeholders to ensure cost, quality, and delivery targets are met.
- Support the monitoring of vendor compliance with industry regulations and company policies.
- Support the company’s sustainability and business continuity through active sourcing of suitable vendors.
Who You Are
- 3-5+ years of experience in strategic sourcing and vendor management. This experience should ideally be within Payments, FinTech, Banking, and/or SaaS-based technology companies. A diverse mix of experience across these industries is highly desirable, as opposed to experience solely within the banking sector.
- Proven track record of assisting in contract negotiations. This includes experience in reviewing redlines, ensuring the inclusion of appropriate provisions, and safeguarding the organization's interests.
- Understanding of the regulatory requirements and risk management processes in the payments/fintech/banking industry.
- Proven ability to thrive in a fast-paced environment and handle a high volume of work. Must be able to prioritize tasks effectively, maintain a high level of productivity, and meet tight deadlines without compromising the quality of work.
- Experience working with vendor-supplied contracts ("vendor's paper"). This includes the ability to review, and manage contracts provided by vendors, ensuring that all agreements align with company interests and compliance requirements.
- Able to operate without already defined or established processes, tools, or templates.
- Able to influence and guide decisions across multiple cross functional teams.
Your Recruiter
- Lou Devlin - Linkedin Profile https://www.linkedin.com/in/louisevictoriadevlin/ (no agencies please!)
Typical Process
- Application Submission
- Recruiter video call
- Hiring manager video call
- Virtual “Onsite” consisting of 3 - 4 x 45 min calls
- Offer!
Compensation and Benefits (for Full Time Roles)
- Premium Private Medical and Dental coverage
- Generous time off program with additional “Floating Holiday days”
- Retirement savings program with company contribution
- Equity in a publicly-traded company and an Employee Stock Purchase Program
- Monthly stipend to support our remote work model
- Annual development stipend to support our people's growth and development
- Family-forming benefits and up to 20 weeks of Parental Leave
- Wellbeing programs i.e. Modern Health, HealthKick and much more…
About Marqeta
Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.
Marqeta’s Values
– Solve for the Customer: With a deep understanding of our customers' business and empathy for their needs, we deliver products and services that drive their success. Earning and keeping their trust guides everything we do.
– Do What's Right: Knowing businesses and livelihoods depend on us, we pursue solutions that disrupt responsibly and deliver high-quality results that our customers count on. We own our work from start to finish.
– Simplify and Innovate: We approach challenges with curiosity and take smart risks. Innovation comes from finding better, simpler ways to achieve extraordinary outcomes.
– Win as a Team: We succeed together by embracing diverse perspectives and pushing each other to raise the bar. We lead with humility and set aside hierarchy to work as a team.
– Make it Count: We drive forward with focus and agility. With a sense of urgency and purpose, we get the job done, and done right.
Equal Employment Opportunity, Accommodations and Privacy
Marqeta is an equal opportunity employer committed to an inclusive workplace that fosters belonging. We do not discriminate based on race, color, religion, sex (including pregnancy, lactation, childbirth, or related medical conditions), veteran status or uniformed service member status, age, national origin or ancestry, citizenship or immigration status, physical or mental disability, gender identity, gender expression, sexual orientation, genetic information (including testing or characteristics) or any other characteristic protected by applicable law. We also consider qualified applicants with criminal histories, consistent with legal requirements.
Marqeta endeavors to make reasonable accommodations for applicants with disabilities. If you are an individual with a disability and require a reasonable accommodation to submit this application, complete any pre-employment testing, or otherwise participate in the employee selection process, please submit this form https://forms.gle/Nx79JaH22WR94nBh7 with your specific accommodation request.
Marqeta cares about your privacy. Personal data that is provided as part of the application and recruitment process is processed in accordance with the Applicant Privacy Notice https://www.marqeta.com/company/applicant?_gl=1vqpey_upMQ.._gaMTY0ODUzMjE0NC4xNzg1ODY3Nzg5_ga_FT9GKGF00JczE3ODU4Njc3ODgkbzEkZzEkdDE3ODU4Njc3OTIkajU2JGwwJGgw. Additional information for California residents can be found here https://www.marqeta.com/applicant?_gl=1vqpey_upMQ.._gaMTY0ODUzMjE0NC4xNzg1ODY3Nzg5_ga_FT9GKGF00JczE3ODU4Njc3ODgkbzEkZzEkdDE3ODU4Njc3OTIkajU2JGwwJGgw#1lOHLMWCqwzsMvVd1FY1XD.
To keep our interview process fair and consistent, we ask that all candidates join video interviews with their camera on.
Notice on Use of AI in Recruitment We may use artificial intelligence (AI) tools in our recruitment processing consistent with the requirements of applicable laws. For more information, review our AI notice here https://jobs.ashbyhq.com/marqeta-inc/automation-notice.
