Senior Sourcing Manager (Remote)

First Citizens Bank • Raleigh, NC

16h • Remote

About The Position

The Business Services Sourcing team within Enterprise Sourcing is seeking a Senior Sourcing Manager to build and maintain relationships for business-aligned services to First Citizens Bank. This individual-contributor role supports business owners by sourcing, procuring, and providing business support for cost-effective products and services from vendors for the Bank's internal clients. The role delivers client service and collaborative relationships while providing innovative, timely, and accurate solutions aligned with the Bank's risk appetite.

The Senior Sourcing Manager conducts sourcing events (RFx) for products and services needed for Bank business initiatives. The role structures and negotiates terms and pricing for services, software, hardware, staffing, consulting, and outsourcing agreements to support business needs and deliver cost savings. The position works collaboratively with the Third Party Risk Management (TPRM) team to ensure contract terms align with risk management standards and regulatory expectations. This is a remote role that may only be hired in the listed states.

Requirements

• Bachelor's degree and 10 years of experience, or a high school diploma or GED/equivalent and 14 years of experience in vendor management and the financial services industry.
• Advanced contract negotiation skills.
• Advanced contract review enforcement skills.
• Ability to drive results.
• Exceptional communication and influencing skills, including the ability to engage and align stakeholders at all levels.
• Strong leadership skills and ability to lead and motivate vendors and others within the company.
• Customer-service orientation and ability to establish and maintain trust and confidence.
• Self-starter with strong attention to detail.
• Sophistication, communication, and interpersonal relationship skills to achieve results through credibility and earned influence.

Nice To Haves

• Significant experience redlining and negotiating agreements for various services.
• Relationship management experience.
• Knowledge of supply base and sourcing business practices specific to financial services.

Responsibilities

• Develop a strong understanding of vendor contracts and services for assigned business owners and serve as a trusted advisor.
• Help business lines meet objectives, deliver cost savings, improve efficiency, and ensure vendor value delivery.
• Oversee sourcing events (RFx) for business initiatives and contract for new products and services.
• Independently manage complex contract negotiations to support business owner needs and align with TPRM standards and regulatory expectations.
• Collaborate with TPRM on new products and services to address inherent risk in contract structuring and negotiation.
• Deliver cost savings, price reductions, and cost-avoidance opportunities for new and renewed contracts.
• Ensure compliance with industry regulations, ethical sourcing practices, and corporate policies during procurement.

Benefits

• First Citizens Bank offers a competitive benefits program designed to meet associates' needs; further details are available on the company's benefits website.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior