Strategic Sourcing & Contracts Specialist

Jobtailor; North Carolina; On-site; USD 110,000 - 150,000; Full time

Job summary

Truist is seeking an experienced Senior Procurement Manager to lead complex sourcing activities and drive value across bank-wide procurement. You will coordinate with Risk, Legal, and Contract Management to align terms with business needs and parent agreements.

The role emphasizes cost optimization, stakeholder collaboration, and adherence to regulatory standards within a financial services environment. Strong communication and leadership are required.

Qualifications

• Bachelor’s degree in a relevant business field or 4–6+ years in organizational Sourcing/Procurement
• Expert in procurement and supply chain management
• Skilled with contractual structure and identifying legal and business issues and risks
• Ability to interact tactfully with numerous stakeholders
• Ability to prioritize workload and meet competing deadlines
• Excellent verbal and written communication skills
• Strong organizational skills
• Proficient in Microsoft Word, Excel, Outlook, and PowerPoint
• Strong relationship management skills
• Ability to quickly gain trust and confidence of senior leaders within Truist
• English language fluency required
• Experience with SAP-Ariba or similar procurement software preferred
• Experience with Archer or similar risk software preferred
• Specific knowledge of Banking Services, General & Admin, Human Resources, Professional Services, Real Estate, Data, IT and Telecom, or Sales and Marketing preferred
• Certified Professional in Supply Management (CPSM) preferred
• Previous experience in financial services industry preferred

Responsibilities

• Manage complex sourcing activities including statements of work, work authorizations, change orders, renewals, amendments, NDAs, and Master Agreements
• Coordinate with Risk team to ensure banking regulations compliance
• Manage all aspects of and drive requests through the Truist procure-to-pay process
• Coordinate with Truist stakeholders, contract management, Legal on supplier provisions
• Negotiate contract spend, goods and services, terms, and budget needs
• Achieve cost avoidance or cost reduction during negotiations and optimize enterprise spend with suppliers
• Ensure contract terms align with business needs and parent agreements
• Develop relationships with business partners, suppliers, Contract Managers, Legal, and Category Directors/Managers
• Follow department procedures including weekly status updates and approvals
• Review contract requests for potential PO procurement methods
• Ensure requests meet PO requirements and obtain manager approval
• Serve as a resource for the business on the Purchase Requisition process
• Coordinate project kickoffs and Third Party Risk Assessment calls
• Verify risk ratings before contract signature
• Mentor and assist training of junior teammates
• Comply with company policies, procedures, and regulatory standards

Skills

Procurement & SCM

Contract Negotiation

Banking Regulations

Relationship Mgmt

CPSM Certification

Education

Bachelor's degree in Business

Tools

SAP-Ariba

Archer

Microsoft Office

Job description

Truist is seeking an experienced Senior Procurement Manager to lead complex sourcing activities and drive value across bank-wide procurement. You will coordinate with Risk, Legal, and Contract Management to align terms with business needs and parent agreements.

The role emphasizes cost optimization, stakeholder collaboration, and adherence to regulatory standards within a financial services environment. Strong communication and leadership are required.