Strategic Sourcing Lead — Banking & Contracts

Truist Financial Corporation; Atlanta (GA); On-site; USD 87,000 - 164,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401k plan

Paid vacation and sick days

Paid holidays

Pension plan (defined benefit)

Job summary

Truist Financial Corporation in Atlanta, GA is seeking a Senior Sourcing Specialist to manage complex sourcing activities, including statements of work, work authorizations, contract amendments, NDAs, and master agreements. The role interacts with Risk to ensure regulatory compliance and builds relationships with business partners, contract managers, and Procurement Operations.

The Senior Sourcing Specialist will drive procure-to-pay processes, negotiate terms to optimize spend, and mentor

Qualifications

• Bachelor’s degree in business or a related field or 4–6+ years of sourcing/procurement experience.
• Expert in procurement and supply chain management.
• Identify legal and business issues and risks in contracts.
• Ability to interact tactfully with numerous stakeholders.
• Prioritize workload to meet deadlines.
• Excellent verbal and written communication and organization.
• Proficient in Word, Excel, Outlook, and PowerPoint.
• Strong relationship management with senior leaders.

Responsibilities

• Manages all aspects of and drives requests through the procure-to-pay process.
• Coordinates with stakeholders including contract management, Legal and SMEs regarding supplier contracts.
• Negotiate contract spend to be reasonable and competitive.
• Aim for cost avoidance or cost out during negotiations and optimize total enterprise spend.
• Ensure contract terms align with business needs and parent agreements.
• Develop relationships with business partners, suppliers, and Procurement Operations.
• Ensure adherence to department procedures with timelines and risk reviews.
• Review contract requests for PO procurement method and approvals.
• Assist with Purchase Requisition process and project kick-offs.
• Coordinate Third Party Risk Assessments and verify risk ratings before signature.
• Mentor junior teammates and ensure policy compliance.
• Comply with company policies and regulatory standards.

Skills

Sourcing

Procurement

Contract management

Stakeholder management

Negotiation

MS Office

Education

Bachelor’s degree in business or related field

Tools

SAP Ariba

Archer

Microsoft Excel

Word

PowerPoint

Job description

Truist Financial Corporation in Atlanta, GA is seeking a Senior Sourcing Specialist to manage complex sourcing activities, including statements of work, work authorizations, contract amendments, NDAs, and master agreements. The role interacts with Risk to ensure regulatory compliance and builds relationships with business partners, contract managers, and Procurement Operations.

The Senior Sourcing Specialist will drive procure-to-pay processes, negotiate terms to optimize spend, and mentor