Senior Sourcing Specialist

Truist•Greensboro, NC

1d•Onsite

About The Position

The Senior Sourcing Specialist is expected to manage complex sourcing activities. These include but not limited to, statement of work, work authorization, change orders, renewals, amendments, Non-Disclosure Agreements and Master Agreements. The Senior Sourcing Specialist coordinates with Risk team to ensure compliance with banking regulations. In addition, teammate builds relationships with business partners, suppliers, Contract Manager, Procurement Legal, Category Directors/Managers and Procurement Operations. Please note: to be considered for this role, candidates must work in one of the following Truist office locations 5 days per week: Richmond, VA - 1001 Semmes Avenue Charlotte, NC - 214 North Tryon Street Greensboro, NC - 7701 Airport Center Drive Atlanta, GA - 303 Peachtree Street No Full Remote/Telecommute. No Relocation Assistance.

Requirements

Bachelor’s degree in a relevant business field of study or 4-6+ years of experience in organizational Sourcing/Procurement or equivalent experience
Expert in procurement and supply chain management
Skilled with contractual structure
Identify legal and business issues and risks
Ability to interact tactfully with numerous stakeholders
Adept at prioritizing own workload to meet competing deadlines
Excellent verbal and written communication skills along with organization skills
Proficient in Microsoft Word, Excel, Outlook, and PowerPoint
Strong relationship management skills and the ability to quickly gain trust and confidence of senior leaders within Truist

Nice To Haves

Experience with SAP - Ariba or other similar procurement software
Experience with Archer or other similar risk software
Specific knowledge of one or more of the following categories: Banking Services, General & Admin, Human Resources, Professional Services, Real Estate, Data, IT and Telecom, Sales and Marketing
Certified Professional in Supply Management (CPSM)
Previous experience in financial services industry

Responsibilities

Manages all aspects of and drives request through the Truist procure to pay process.
Coordinates with Truist stakeholders, including but not limited to contract management. Legal and other SMEs concerning supplier’s contractual provisions related to business as usual requests (i.e. non-strategic requests).
Negotiate contract spend which is reasonable and competitive within market, amount of goods and services procured, term of the agreement and business budgetary needs.
Strives to achieve cost avoidance or cost out during negotiations, as well as, the bank’s total enterprise spend with the supplier
Ensures contract terms and conditions align with business needs and appropriate parent agreement.
Develops relationships with business partners, suppliers, Contract Managers, Legal, Category Directors/Managers and Procurement Operations.
Guarantees department procedures are followed including: managing business expectations and dates, weekly status updates, and legal/contract manager assignment.
Reviews contract request for potential Purchase Order Procurement method.
Ensures request meets Purchase Order requirements and obtains manager approval.
Acts as a resource for business on Purchase Requisition process.
Coordinates project kick-off and Third Party Risk Assessments calls with proper SME teammates and verifies risk ratings are correct in system of record prior to contract signature.
Serves as a mentor to and assist with training of more junior teammates.
Complies with company policies, procedures, and regulatory standards.