Strategic Category Manager: Sourcing & Supplier Risk

Truist; Richmond (VA); On-site; USD 120,000 - 135,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Paid holidays

Job summary

Truist seeks a Category Manager to lead demand and supply management for assigned spend categories, optimizing total cost of ownership, managing supplier risk, and aligning with business stakeholders.

You will drive category strategies, manage supplier relationships, and lead cross-functional teams through RFIs, RFPs, and contracts, ensuring timely delivery and value realization across Truist's lines of business.

Qualifications

• Bachelor’s degree is required.
• 6 to 8 years of relevant sourcing experience in regulated organizations.
• Knowledge of the market, suppliers and cost drivers.
• Demonstrated experience with managing matrixed supplier relationships.
• Ability to learn content quickly and apply a strategic lens to category spend.
• Ability to engage and communicate with internal and external stakeholders.
• Track record of success in supplier consolidation and driving spend to preferred suppliers; subject matter expertise in strategic sourcing methodology and techniques.
• Demonstrated ability to develop client relationships.
• Proficient analytical and communication skills; proficient project management and business acumen.

Responsibilities

• Implements category strategies with medium spend levels, complexity, and strategic importance to optimize business efficiency and value.
• Develops understanding of current category activity within Truist and determines where sourcing can add value.
• Specializes by developing deep expertise within the category(s).
• Maintains deep understanding of global supply markets, competitors and product innovations.
• Builds strong relationships with internal customers and industry suppliers.
• Partners with Business Leaders and Executives to align sourcing plans with business goals.
• Leads cross-functional teams in developing category specs, RFIs, RFPs, contracts, and sourcing project plans.
• Performs market data analysis for negotiations and supplier selection, and leads high-complexity sourcing events.
• Compiles commodity profile details such as supplier performance and forecasts.
• Analyzes trends in supply markets and prepares performance metrics and dashboards.
• Ensures best practices in the sourcing process are followed.
• Executes full sourcing process from scope to contract execution and risk acceptance.
• Engages risk stakeholders as needed and drives remediation of vendor performance.

Skills

Category management

Sourcing

Supplier relationships

Stakeholder engagement

Negotiation

Project management

Risk management

Analytical skills

Written and verbal communication

Education

Bachelor's degree

Job description

Truist seeks a Category Manager to lead demand and supply management for assigned spend categories, optimizing total cost of ownership, managing supplier risk, and aligning with business stakeholders.

You will drive category strategies, manage supplier relationships, and lead cross-functional teams through RFIs, RFPs, and contracts, ensuring timely delivery and value realization across Truist's lines of business.