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Head of Procurement (Sourcing)

Business Operations
Employees chatting in a room during a meeting.

Head of Procurement (Sourcing)

We are The Mobile Bank.

Our vision is to build a bank the world loves to use.

Technology and design empower everything we do.

N26 is Europe’s first Mobile Bank with a full European banking license. We have 7 million customers across 24 markets. Our team of over 1500 employees in 8 locations is concentrated on reinventing the banking experience for the digital generation. Valentin Stalf and Maximilian Tayenthal founded N26 in 2013 and launched the initial product in early 2015. Since January 2015, N26 has been available for Android, iOS, and desktop. N26 has raised more than $500 million from investors including Insight Venture Partners, GIC, Tencent, Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Greyhound Capital, Battery Ventures, in addition to members of the Zalando management board, and Redalpine Ventures.

The Head of Source to Pay is a hands-on, high visibility role that will require extensive experience across the entire spend management life cycle. Reporting to the Director of Business Operations, the ideal candidate will lead an existing team and be responsible for developing, managing and automating critical buying processes for N26.

In this role, you will define best practices to optimize sourcing expenses, drive self-source programs, efficient downstream transactions, and automation initiatives in order to make the sourcing journey more seamless and integrated with the organization.

Once here you will

  • Provide oversight and strategic guidance for all assigned functions and staff within the source to pay organisation

  • Initiate, design, plan, execute, monitor, and close process improvement projects (S2P process design and implementation experience preferred)

  • Use your Procurement / Strategic Sourcing expertise and knowledge to up-skill colleagues

  • Partner with the senior leaders, within the organisation to develop category strategies that deliver the optimum value for N26

  • Take the responsibility for maintaining and improving the centralised contract management processes globally

  • Contribute to the finalisation and implementation of the Sourcing Team policies and procedures at N26

  • Develop the best possible supply base for N26

  • Contribute to the healthy and fun culture within the N26 Sourcing Team

Your team will consist of

Strategic Sourcing (Source to Contract)

  • Lead N26’s sourcing processes, analyze cost, develop strategic business terms and liaise with core teams to ensure visibility and strong collaboration

  • Develop and deploy company wide vendor sourcing programs, providing training and where possible, a clear path towards self service automation for all sourcing

  • Ensure there is a strong hand-off and data integrity between strategic sourcing and procure to pay teams

Sourcing Success (Contract to Pay)

  • Lead the roadmap for continued optimization and provide leadership surrounding the best method of execution (process, technology, resourcing etc.)
  • Ensure all monthly close deadlines are met and work closely with internal and external stakeholders to coordinate the audits, quarterly reviews, and any internal audit or process review projects
  • Centralised ownership of supplier contract management, maintaining accurate supplier system information and relevant documentation

What you will bring along

  • Strong foundational knowledge of the entire source to pay process (knowledge of Workday Finance is an advantage)
  • 10 years experience in sourcing or procurement with at least 5 years in strategic sourcing
  • A track record of success within vendor negotiations, building teams and defining metrics (using analytics) for success
  • Experience managing global source to pay requirements and working cross functionality to ensure all areas of impact are considered
  • Proven ability to drive positive change and build strong stakeholder relationships
  • Demonstrated ability to work collaboratively across multi-functional teams
  • The ability to think and act strategically with clearly defined business objectives in mind and an entrepreneurial can-do mindset with a strong hands-on approach
  • Knowledge of digital companies and their products, ideally in the area of financial institutions (or a regulated environment)
  • Excellent communication skills in English (German is an advantage but not critical)
  • Undergraduate degree required, MBA or other advanced degree in finance, technology or business preferred

What we offer

  • Join N26 at the most exciting growth phase
  • Be at the centre of scaling an organization in hyper-growth globally
  • Flat hierarchy and open communication
  • N26 yearly public transportation subscription
  • Discount for Urban Sports Club subscription
  • Find a career path. Not just an internship or a student role.

Sounds good? Send us your application online, and we’ll get back to you soon.