Senior Sourcing Pro: Payments, Networks & Banking Contracts

Truist; Richmond (VA); On-site; USD 87,000 - 164,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) plan

Paid vacation

Paid sick days

Paid holidays

Pension plan

Job summary

Truist is seeking a Senior Sourcing Specialist to manage complex sourcing activities, including SOWs, work authorizations, and master agreements, coordinating with Risk to ensure regulatory compliance. You will build strong relationships with business partners, Contract Managers, Legal, and Procurement Operations to drive procure-to-pay processes.

The role requires bachelor’s degree or 4–6+ years in sourcing/procurement, excellent communication, and proficiency with MS Office.

Qualifications

• Bachelor’s degree or 4-6+ years in sourcing/procurement.
• Expert in procurement and supply chain management.
• Identify legal and business risks in contracts.
• Ability to interact with numerous stakeholders.
• Adept at prioritizing own workload to meet deadlines.
• Excellent written and verbal communication skills along with organization skills.
• Proficient in Microsoft Word, Excel, Outlook, and PowerPoint.
• Strong relationship management with senior leaders within Truist.

Responsibilities

• Manages all aspects of and drives request through the Truist procure to pay process.
• Coordinates with Truist stakeholders, including contract management, Legal and other SMEs concerning supplier’s contractual provisions.
• 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.

Skills

Procurement & supply chain expertise

Stakeholder management

Contract risk assessment

Communication skills

Time management

MS Office proficiency

Relationship building with seniorLea

Education

Bachelor’s degree in business/related field or 4-6+ years experience

Tools

SAP Ariba

Archer

Job description

Truist is seeking a Senior Sourcing Specialist to manage complex sourcing activities, including SOWs, work authorizations, and master agreements, coordinating with Risk to ensure regulatory compliance. You will build strong relationships with business partners, Contract Managers, Legal, and Procurement Operations to drive procure-to-pay processes.

The role requires bachelor’s degree or 4–6+ years in sourcing/procurement, excellent communication, and proficiency with MS Office.