VP Sourcing and Procurement

The Bancorp

VP leading sourcing, procurement, and IT vendor management for The Bancorp, a financial services and banking technology provider. Driving supplier strategy, contract governance, negotiations, compliance, and cost optimization.

Posted 8/7/2026full-timeWilmington • 🇺🇸 United StatesLeadWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates expertise in strategic sourcing, vendor management, and procurement functions, with a strong focus on contract negotiation, supplier relationship optimization, and performance monitoring. Proficient in delivering executive summaries and presentations to senior leadership while ensuring compliance with procurement policies and procedures.

Highest-signal resume keywords

Sourcing And Procurement ExperienceVendor ManagementContract NegotiationMicrosoft Office Suite ProficiencyAnalytical And Decision-Making Skills

ATS Keywords

Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills

Sourcing StrategiesVendor AnalysisContract ManagementPerformance Metrics DevelopmentProcurement PoliciesCost-Effective PurchasingSupplier ResearchQuote EvaluationExecutive Summaries PreparationRequests For Proposal

Soft Skills

Attention To DetailInterpersonal CommunicationTeam LeadershipMultitaskingAnalytical Skills

Industry Keywords

Vendor DiversityService Level AgreementsThird-Party Vendor ControlsContract Repository ManagementPurchasing Standards

About the role

Key responsibilities & impact

Provide strategic leadership, direction, and oversight of sourcing, vendor management, and procurement functions
Develop global sourcing strategies and optimize supplier relationships
Manage IT vendor relationships to ensure quality and cost-effective purchasing
Collaborate with business line owners and internal departments to consolidate vendors and obtain favorable pricing and services
Prepare strategic purchasing plans and manage procurement policies and procedures
Deliver executive summaries and presentations to senior leadership on cost, quality, service delivery, gaps, and opportunities
Select product and service providers through vendor analysis, supplier research, interviews, and quote evaluation
Negotiate pricing for products and services
Advise managers and executives on purchasing and vendor assessment standards and processes
Ensure third-party vendor controls, including vendor diversity and system/IT purchases
Monitor contract renewal, expiration, and pricing dates
Develop contractual standards, performance metrics, and reporting requirements
Manage the contract repository and lead contract renewals and related administrative processes
Resolve contract terms and conditions with internal partners and obtain approvals and signatures
Lead Requests for Proposal and Requests for Information from business lines
Monitor third-party vendor performance against contractual requirements and service level agreements
Perform other duties as assigned

Requirements

What you’ll need

Strong working knowledge of legal and vendor contract terms and conditions
Excellent analytical and decision-making skills
High level of attention to detail
Consistent track record of producing high-quality results
Ability to lead groups toward common goals
Excellent verbal, written, and interpersonal communication skills
Ability to work effectively in a team-fostered, multitasking environment
Proficiency in Microsoft Office Suite, including Excel, PowerPoint, Word, and Outlook
No travel required
Bachelor's degree or an equivalent combination of training and experience
8 years of Sourcing and Procurement experience
Successful completion of a background check, including credit, criminal, education, employment, OFAC, and social media background history

Benefits

Comp & perks

Competitive pay
Equal opportunity employment
Background screening including credit, criminal, education, employment, OFAC, and social media background history