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Associated BankAB

Strategic Sourcing Principal

Associated Bank is a prominent Midwest banking franchise offering a broad range of financial services across several states.

Associated Bank

Employee count: 501-1000

Salary: 102k-175k USD

United States only

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At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Associated Bank is seeking a strategic and collaborative procurement leader to drive enterprise-wide sourcing initiatives that deliver measurable business value. In this role, you’ll lead complex negotiations, influence sourcing strategy across multiple spend categories, and partner closely with senior leaders to support organizational goals. This is an opportunity to make a significant impact while helping shape procurement best practices and mentoring sourcing professionals across the organization.
​As a senior individual contributor, this role provides thought leadership in category strategy, strategic sourcing, commercial negotiations, and supplier relationship management, while mentoring and guiding other sourcing professionals on complex initiatives and best practices.

Key Accountabilities

  • Lead complex, enterprise-wide strategic sourcing initiatives from category strategy development through supplier selection and contract execution.
  • Develop sourcing strategies that drive cost savings, operational value, and risk mitigation aligned with business priorities.
  • Partner with senior business leaders, Finance, Legal, Risk, and Compliance teams to influence sourcing decisions and achieve optimal outcomes.
  • Negotiate complex commercial agreements, including pricing structures, service levels, contractual terms, and risk provisions.
  • Manage strategic supplier relationships to improve performance, governance, issue resolution, and long-term value delivery.
  • Ensure sourcing activities and supplier agreements comply with procurement policies, regulatory requirements, and internal controls.
  • Mentor and guide sourcing professionals by sharing expertise, negotiation strategies, and procurement best practices.
  • Prepare and present sourcing recommendations, negotiation outcomes, and business cases to executive leadership.

Education & Experience

Required

  • Bachelor’s degree or equivalent combination of education and experience.
  • 7+ years of experience leading complex strategic sourcing initiatives across multiple spend categories.
  • 7+ years of experience developing sourcing strategies that deliver measurable savings, value optimization, and risk mitigation.
  • 7+ years of experience leading commercial negotiations involving pricing, contracts, service levels, and risk provisions.
  • 7+ years of experience advising senior business stakeholders on sourcing strategy and procurement best practices.
  • 6+ years of experience ensuring sourcing activities comply with enterprise policies, regulatory requirements, and internal controls.
  • 5+ years of experience partnering with Finance to track savings and value realization from sourcing initiatives.
  • 5+ years of experience presenting sourcing strategies and recommendations to senior leadership.

Preferred

  • Bachelor’s degree in Business Administration, Supply Chain Management, Finance, Economics, or a related field.
  • 5+ years of experience leading enterprise-critical sourcing initiatives with significant financial or operational impact.
  • 4+ years of experience working within a mature procurement organization with Strategic Sourcing and Procurement Operations functions.
  • 4+ years of experience mentoring sourcing professionals on negotiations, stakeholder engagement, and sourcing strategy.
  • 3+ years of experience improving procurement policies, governance frameworks, or sourcing processes.
  • 3+ years of experience working in a highly regulated industry such as banking, healthcare, insurance, or financial services.

Why You’ll Love Working Here

At Associated Bank, you’ll join a collaborative and purpose-driven organization where your expertise directly influences strategic business decisions and enterprise performance. We invest in professional growth, leadership development, and meaningful career opportunities while fostering a culture built on partnership, integrity, and innovation. Apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focused Colleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investment and insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest. Join our community on Facebook, LinkedIn and X. 

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact leavesandaccommodations@associatedbank.com if you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.

Associated Bank is Pay Transparency compliant.

The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.

$102,200.00 - $175,200.00 per year

About the job

Apply before

Posted on

Job type

Full Time

Experience level

Salary

Salary: 102k-175k USD

Education

Bachelor degree

Experience

7 years minimum

Experience accepted in place of education

Location requirements

Hiring timezones

United States +/- 0 hours

About Associated Bank

Learn more about Associated Bank and their company culture.

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Associated Banc-Corp (NYSE: ASB) has total assets of $42 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio, and Texas.

At Associated Bank, we pride ourselves on providing products that help make the most of your money. Whether you are looking for checking accounts that fit your lifestyle, savings accounts that require as little as $10 to open, or loan options tailored to your needs, we aim to provide exceptional customer satisfaction, evidenced by our recognition from J.D. Power as #1 in Retail Banking Customer Satisfaction in the Upper Midwest Region. Our commitment is to ensure that every interaction is smooth and effective, facilitating for our clients a blend of local expertise and comprehensive banking services.

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Associated Bank

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