Senior Procurement Analyst - Ridgeland, MS

The Senior Procurement Analyst works closely with internal business lines and external procurement practice to plan and execute end to end competitive bidding processes, assists with category planning, perform spend analytics, and supports the implementation of the Source to Pay platform. This position collaborates with internal stakeholders, to include but not limited to Vendor Management, Risk Management, and Finance teas to ensure a seamless procurement experience.

Duties and Responsibilities:

• Partners directly with business unit leaders across the bank to identify upcoming purchasing needs and build proactive sourcing pipelines.
• Facilitates end-to-end competitive sourcing events (RFIs, RFPs, RFQs) for various spend categories, including vendor market research, proposal evaluation, financial modeling, and commercial negotiation.
• Assists internal stakeholders with contract commercial terms, pricing structures, and Service Level Agreements (SLAs) during contract drafting and renewal stages.
• Performs spend analysis across bank divisions to identify savings opportunities, tail-spend reduction, and supplier consolidation strategies.
• Assists in developing and executing category strategies for key non-labor spend areas (such as Software/SaaS, Professional Services, Banking Equipment, or Print/Marketing).
• Establishes savings tracking methodologies and report key performance indicators (KPIs) and realized value to finance leadership.
• Utilizes and helps optimize Source-to-Pay (S2P) platform (e.g., Coupa, Workday Procurement, SAP Ariba, or similar) to manage requisitions, bidding events, and contract repositories.
• Serves as an internal subject matter expert, training bank stakeholders on standard procurement request processes, catalog management, and purchase requisition workflows.
• Partners closely with the bank's Vendor Management and Third-Party Risk Management (TPRM) teams to transition awarded contracts for vendor onboarding, risk classification, and ongoing performance monitoring.
• Ensures all sourcing activities strictly adhere to financial institution regulatory guidelines, delegation of authority (DOA) limits, and internal compliance standards.
• Performs other duties as assigned.
• Participates in the bank’s High-Performance Rewards Connections program.
• Makes referrals to the Mortgage Center and Wealth Management.
• Maintains a thorough knowledge of the bank’s products, services, policies, procedures, and appropriate regulatory issues as related to daily job functions including but not limited to:
  Bank Secrecy Act;
  Privacy Act;
  Fair Lending Act;
  Regulation E, etc. and completes required compliance training and adheres to the bank’s standard of conduct.

Position Requirements:

• Bachelor’s degree in supply chain management, Business Administration, Finance, Economics, or a related field.
• 2-5 years of experience in strategic sourcing, category management, or procurement analytics.
• Demonstrated understanding of running competitive bidding (RFx) processes, negotiating commercial contract terms, and building spend analysis models
• Experience with Microsoft Office applications (Excel, PowerPoint, and Word).
• Basic understanding of enterprise architecture principles and security best practices.
• Experience helping establish a centralized sourcing function or building category management frameworks from the ground up is preferred .
• Broad experience with indirect spend categories typical to banking is preferred (e.g., Fintech, IT Hardware/Software, Office/Branch Operations, Legal & Professional Services).
• Relevant certifications, such as CPSM (Certified Professional in Supply Management), CIPS, or PMP is preferred.