Cost & Supplier Management Consultant

Truist Bank • Raleigh, VA

1d

About The Position

The purpose of this role is to contribute to the development of sustainable solutions that advance Enterprise Technology (ET) Supplier and Financial management processes by working cross-functionally with internal stakeholders, utilizing strong analytics and data-driven problem-solving skills. Serves as the relationship manager for internal or external supplier relationships, including offshore services. Handles matters relating to supplier management processes including but not limited to, sourcing engagement, contract administration, process management and/or relationship financial and performance management.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Manages stakeholder’s day- to- day needs. Monitors internal and external service relationships to ensure quality of service delivery, client satisfaction, operational efficiencies and achievement of target cost savings.
2. Serves as first line, tactical conduit for communication between LOBs/teammates and the service provider(s).
3. Performs sourcing request entry, due diligence and ongoing monitoring activities related to supplier onboarding and performance
4. Typically leads moderately complex projects and participates in larger, more complex initiatives. Solves complex technical and operational problems.
5. May have team lead/mentorship responsibilities (not managing teammates)
6. Acts as a resource for teammates with less experience.

Requirements

• Bachelor's degree and five years of IT service delivery with experience managing complex, IT vendor relationships; or an equivalent combination of education and work experience.
• In-depth knowledge in information systems and ability to identify, apply, and implement best practices.
• Understanding of key business processes and competitive strategies related to the IT function.
• Ability to plan and manage projects.
• Ability to solve complex problems by applying best practices.
• Ability to interpret and convey complex, difficult, or sensitive information.
• Ability to provide direction and mentor less experienced teammates.

Nice To Haves

• Bachelor’s degree and six years of experience or an equivalent combination of education and work experience.
• Banking or financial services experience.
• Experience with third-party suppliers and/or remote or offshore or outsourced activities.
• Sensus among different stakeholders.
• Ability to provide direction and mentor less experienced teammates.

Responsibilities

• Manages stakeholder’s day- to- day needs.
• Monitors internal and external service relationships to ensure quality of service delivery, client satisfaction, operational efficiencies and achievement of target cost savings.
• Serves as first line, tactical conduit for communication between LOBs/teammates and the service provider(s).
• Performs sourcing request entry, due diligence and ongoing monitoring activities related to supplier onboarding and performance
• Typically leads moderately complex projects and participates in larger, more complex initiatives.
• Solves complex technical and operational problems.
• May have team lead/mentorship responsibilities (not managing teammates)
• Acts as a resource for teammates with less experience.

Benefits

• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees