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Bancorp Bank Jobs (NOW HIRING)

Bancorp Bank

VP Senior Account Executive

Sioux Falls, SD · On-site

$120 - $150/hr

For over 20 years, The Bancorp has been providing nonbank companies with the people, processes, and banking technology to meet their individual needs. As a result, we have become an industry-leading ...

Bancorp Bank

$100 - $130/hr

The Senior AI & Automation Specialist is responsible for leading the design, architecture, and delivery of enterprise AI-enabled automation solutions across The Bancorp Bank. This role integrates ...

Bancorp Bank

$150 - $200/hr

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national ...

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Bancorp Bank information

What is Bancorp Bank?

Bancorp Bank is a financial institution that provides a wide range of banking services, including personal and business checking accounts, savings accounts, prepaid cards, and payment processing solutions. It is well-known for being a leading provider of private-label banking and technology solutions for non-bank companies. Bancorp Bank partners with fintech firms and other businesses to offer innovative financial products, such as prepaid cards and digital banking platforms. The bank is FDIC-insured, ensuring that customer deposits are protected up to the applicable limits. Its services cater to both individuals and businesses looking for flexible, technology-driven banking options.

What are the key skills and qualifications needed to thrive at Bancorp Bank?

To thrive at The Bancorp Bank, you typically need a background in finance, banking, or business administration, along with relevant experience in the financial sector. Familiarity with banking software, regulatory compliance systems, and industry certifications such as FINRA or AML are often required. Strong analytical skills, attention to detail, and effective communication set top performers apart in this environment. These skills are crucial for maintaining regulatory compliance, ensuring accurate financial transactions, and delivering excellent customer service within the banking industry.

What are some common challenges faced by employees working at Bancorp Bank, and how are these typically addressed?

Employees at commercial banks such as Bancorp Bank often encounter challenges like staying updated with changing financial regulations, maintaining high standards of customer service, and managing large volumes of transactions efficiently. These challenges are typically addressed through comprehensive onboarding and ongoing training programs, strong teamwork within departments, and the use of advanced banking technology to streamline operations. Open communication and supportive management also help staff handle complex situations and foster a collaborative work environment.
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Bancorp Bank jobs near you
Infographic showing various Bancorp Bank job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution.

VP Sourcing and Procurement (Hybrid)

Wilmington, DE • On-site

Bancorp Bank, The
See more jobs at Bancorp Bank, Theexternal

Full-time

Posted 28 days ago

Job description

Position Summary
Work Arrangement:
***This position is available as a hybrid position in our Wilmington, DE office.***
At The Bancorp, we've spent over 20 years driving innovation in the financial services industry. As a trusted partner to businesses from startups to Fortune 500 companies, we provide the people, processes, and banking technology to help our clients succeed. Whether you're working in Fintech Solutions, Institutional Banking, Commercial Lending, or Real Estate Bridge Lending, you'll have the opportunity to be part of a team that's transforming businesses with forward-thinking, tech-powered solutions.
Provides strategic leadership, direction, and oversight of all sourcing, vendor management, and procurement functions. Responsible for developing global sourcing strategies, optimizing supplier relationships, ensuring compliance with regulatory and corporate policies, and achieving cost savings while maintaining high standards of quality, risk management, and service delivery. Aligns closely with Third Party Risk Management, Legal, Compliance, Business Lines, Finance, HR, Operations, Facilities, and Information Technology.
Key Responsibilities
  • Manages vendor relationships, specifically IT vendors, to ensure a quality and cost-effective IT purchasing function. Works with business line owners to manage each relationship, ensuring that multiple departments use similar vendors to obtain the best pricing and services for the organization. Consolidates vendor services as needed with internal business heads.
  • Prepares strategic purchasing plans with business leaders. Discusses multi-year strategies and develops and manages policies and procedures related to the procurement of goods and services and as well as the management of existing vendor relationships.
  • Delivers executive summaries and presentations to senior leadership detailing cost, quality, and service delivery, analyzing gaps and opportunities at the corporate level and making recommendations.
  • Selects company product and service providers based on vendor analysis. Researches and interviews suppliers. Evaluates vendor quotes and services to determine most desirable suppliers. Provides recommendations to senior leadership.
  • Negotiates pricing to ensure products and services are purchased.
  • Provides advice and guidance to managers and executives regarding purchasing and vendor assessment standards and processes. Ensures third party vendor controls are in place for items such as vendor diversity and system/IT purchases.
  • Monitors contract renewal, expiration, and pricing dates. Develops contractual standards inclusive of defining appropriate performance metrics and reporting requirements. Manages contract repository to ensure contracts are current and follow up as critical contract dates approach.
  • Leads the contract renewal and associated administrative processes. Facilitates the resolution of issues by working with internal partners to resolve outstanding terms and conditions and ensure that the contract approval and signatures are obtained. Facilitates and schedules meetings with the relevant parties to provide timely resolutions.
  • Leads the Request for Proposal and Request for Information requests from business lines.
  • Monitors third party vendor performance against contractual requirements to ensure service level agreements are being met. Follows up with vendors and internal teams.
  • Performs other duties as assigned.

Qualification Requirements
  • Strong working knowledge of legal and vendor contract terms and conditions.
  • Excellent analytical and decision-making skills.
  • Demonstrates a high level of attention to detail.
  • Consistent track record of producing high quality results.
  • Ability to lead groups of people toward common goals.
  • Excellent verbal, written, and interpersonal communication skills.
  • A team player, able to work effectively in a team fostered, multi-tasking environment.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
  • No travel required.

Education/Experience Requirements
  • Bachelor's degree or an equivalent combination of training and experience.
  • 8 years of Sourcing and Procurement experience.

Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/
Company Culture & Background Screening
Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
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