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.