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- Tasks: Lead strategic sourcing and supplier strategy for digital payments and merchant services.
- Company: Join Paysafe, a leading payments platform with a global reach.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in the fast-paced digital payments industry.
- Qualifications: 10 years in strategic sourcing, with strong negotiation and leadership skills.
- Other info: Dynamic environment with a focus on innovation and collaboration.
The predicted salary is between 72000 - 108000 £ per year.
Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 29 years of online payment experience, an annualized transactional volume of $152 billion in 2024, and approximately 3,000 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in 48 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.
Summary
The Direct Sourcing Director leads strategic sourcing and supplier strategy for digital payments and merchant services. This role focuses on cost optimization, supplier innovation, and ensures favorable business terms that drive financial and operational value to the business. This hybrid position is based in our London, UK office and requires three days per week on-site.
Core Competencies
- Deep expertise in the Digital Payments Industry/Financial Technology
- Deep Strategic sourcing, cost optimization, and competitive bidding expertise
- Procurement leadership expertise
- Expert negotiation, and deep commercial and contract management skills
- Financial acumen including working capital optimization
- Supplier relationship management and performance management
- Expert stakeholder and trusted partner to the business
- Deep Cross-functional collaboration and engagement
- Strategic thinker and ability to drive innovation
Key Responsibilities
- Develop and execute sourcing strategies for suppliers/partners in the Digital Payments platforms and merchants’ business ecosystem.
- Conduct market analysis and benchmarking to identify cost-saving opportunities and innovative solutions.
- Negotiate contracts inclusive of favorable business terms such as working capital optimization, cost optimization, volume-based rebates, and risk-sharing mechanisms.
- Build and maintain Trusted Advisor relationships with the business community.
- Build and maintain strategic partnerships with key suppliers.
- Work in concert with the Vendor Management and Stakeholder community to implement supplier performance management.
- Partner with Stakeholders; Finance, Operations, Technology, and Legal to align sourcing strategies with business objectives as needed.
- Ensure adherence to regulatory requirements, data security standards, and company policies. Work collaboratively with Supplier Risk Management.
Measurements
- Cost Savings: Achieve annual cost reduction targets (e.g., 10-20% Hard and Soft savings).
- Working Capital Impact: Improve cash flow through optimized payment terms and discount programs.
- Supplier Performance: Maintain compliance and quality standards via SLAs and other measurements.
- Contract Compliance: Ensure 100% adherence to negotiated terms.
- Innovation: Introduce supplier strategies (e.g. consolidations, new suppliers that improve client and/or stakeholder experience).
- Stakeholder Satisfaction: Via Net-Promoter scores and other tools, receive positive feedback from the business community on sourcing expertise, partnership and responsiveness.
Education & Qualifications
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or related field.
- 10 years of experience in strategic sourcing or procurement, with at least 5 years in a leadership role.
- Strong negotiation and contract management skills, including working capital strategies.
- Expertise in the Digital Payments Industry/Financial Technology sourcing.
- Preferred: Master’s degree (MBA or equivalent).
- Professional certifications: CPSM, CSCP, or CPIM.
- Working knowledge of use of AI.
Paysafe provides equal employment opportunities to all employees, and applicants for employment, and prohibits discrimination of any type with regard to ethnicity, religion, age, sex, national origin, disability status, sexual orientation, gender identity or expression, or any other protected characteristics. This policy applies to all terms and conditions of recruitment and employment. If you need any reasonable adjustments please let us know. We will be happy to help and look forward to hearing from you.
Direct Sourcing Director employer: Paysafe
Contact Detail:
Paysafe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Direct Sourcing Director
✨Tip Number 1
Network like a pro! Get out there and connect with people in the digital payments and financial tech space. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers or during interviews, make sure to highlight your strategic sourcing and negotiation skills. Share specific examples of how you've driven cost savings or improved supplier relationships in the past.
✨Tip Number 3
Tailor your approach! Research Paysafe and understand their business model and values. When you apply through our website, make sure your application reflects how your experience aligns with their goals in digital payments and merchant services.
✨Tip Number 4
Follow up! After an interview or networking event, drop a quick thank-you email to express your appreciation. It’s a great way to keep the conversation going and show that you’re genuinely interested in the role and the company.
We think you need these skills to ace Direct Sourcing Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Direct Sourcing Director role. Highlight your experience in strategic sourcing and procurement, especially in the digital payments or financial technology sectors. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit. Don’t forget to mention any innovative strategies you've implemented in previous roles that could benefit us at Paysafe.
Showcase Your Achievements: When detailing your work experience, focus on quantifiable achievements. Did you achieve significant cost savings or improve supplier performance? We love numbers, so make sure to include them to demonstrate your impact!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the Paysafe team!
How to prepare for a job interview at Paysafe
✨Know Your Digital Payments Stuff
Make sure you brush up on the latest trends and technologies in the digital payments industry. Being able to discuss recent innovations or challenges shows that you're not just knowledgeable but also genuinely interested in the field.
✨Master Your Sourcing Strategies
Prepare to talk about your experience with strategic sourcing and cost optimisation. Have specific examples ready that demonstrate how you've successfully negotiated contracts or improved supplier relationships in the past.
✨Showcase Your Negotiation Skills
Since negotiation is key for this role, think of a few scenarios where you’ve had to negotiate tough terms. Be ready to explain your approach and the outcomes, highlighting your ability to create win-win situations.
✨Engage with Stakeholders
Be prepared to discuss how you’ve collaborated with various stakeholders in previous roles. Highlight your communication skills and how you’ve built trusted relationships, as this will be crucial for success in the Direct Sourcing Director position.
