Procurement Sourcing Category Strategist

Procurement Sourcing Category Strategist

At Regions, the Procurement Sourcing Category Strategist provides day-to-day management of larger, more complex sourcing initiatives within a cross-functional team.

This role generally has responsibility for leading certain expense reduction efforts and associated vendor-related engagements for certain business units or strategic categories to effectively support the delivery of 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.

• Utilizes a strategic sourcing approach to determine and prepare requests for proposals (RFP)/competitive bid requirements, solicits responses, analyzes responses, prepares recommendations 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

• 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

• Professional certification in Supply Chain, Procurement, or related field
• Master of Business Administration (MBA) or related degree

• 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

• Corporate / Consumer Banking
• Wealth Management
• Treasury Management
• Enterprise Payments
• Wealth Management

Full time

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target: $ USD

Median: $ USD

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary…