Procurement Sourcing Category Strategist

Regions Bank•Birmingham, AL

About The Position

At Regions, the Procurement Sourcing Category Strategist provides day-to-day management of larger, more complex sourcing initiatives within a cross functional team. This position will generally have responsibility for leading certain expense reduction efforts and associated vendor related engagements for certain business units or strategic categories to effectively support the delivery if business outcomes and demonstrate competencies to have responsibility for larger vendor engagements or more complex projects. Associates in this role interact daily with senior and executive level associates within business units to accomplish objectives.

Requirements

Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and seven (7) years of experience in procurement or related field
Or High School Diploma or GED and eleven (11) years of experience in procurement or related field
Ability to lead associates to desired outcomes through influence and buy-in
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work in a team environment when applicable
Ability to work under pressure and meet deadlines
Demonstrated ability to execute RFPs and/or competitive bids
Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes
Demonstrated negotiation skills
Developed relationship-building skills
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation

Nice To Haves

Professional certification in Supply Chain, Procurement, or related field
Master of Business Administration (MBA) or related degree
Preferred Procurement experience in the following spaces: Corporate / Consumer Banking, Wealth Management, Treasury Management, Enterprise Payments, Wealth Management.

Responsibilities

Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicits responses, analyzes responses, prepares recommendation and negotiates contracts to enhance efficiencies and reduce costs
Utilizes the ability to execute the bank’s competitive bidding process and leads strategic sourcing activities for assigned areas
Utilizes the ability to develop cross-functional teams and business objectives; identifies bidding suppliers, sets up the RFP in the bank’s P2P system, executes the RFP/competitive bid with suppliers, and works with business stakeholders to develop recommendations
Partners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliers
Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors
Communicates corporate procurement standards to vendors and business partners
Completes and executes RFPs and/or contracts that meet the company’s business and legal requirements
Offers advice and guidance to junior consultants, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
May serve as team lead or supervise entry level procurement consultants
May partner with Procurement Strategic Sourcing Technology Consultant on projects