Senior Sourcing Specialist

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Regular or Temporary:

Regular

Language Fluency:
English (Required)

Work Shift:

1st shift (United States of America)

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.

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.

• 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.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 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…