Strategic Sourcing Lead — Third-Party Contracts

Fifth Third; Cincinnati (OH); On-site; USD 90,000 - 130,000; Full time

Job summary

Fifth Third Bank in Cincinnati, OH is seeking a Third Party Procurement Strategist to lead sourcing for moderate risk and spend, negotiate contracts, and guide business lines on risk management. You will support strategy development, manage supplier relationships, and ensure compliance with internal policies.

The role requires a Bachelor's degree and 4+ years of sourcing or procurement experience, with strong analytical capabilities and cross-functional collaboration.

Qualifications

• Bachelor's Degree or equivalent with 4+ years Sourcing or Procurement experience.
• Strong knowledge of Sourcing methodologies, negotiations and business processes.
• Excellent analytical and problem solving skills.
• Ability to lead and influence cross-functional teams and manage risk.

Responsibilities

• Create and maintain supplier profiles.
• Support Sr. Strategist on designated categories and projects.
• Execute moderate/low risk projects and contract renewals.
• Negotiate terms and conditions to mitigate risk and maximize value.
• Coordinate with business lines and legal on requirements and compliance.

Skills

Sourcing experience

Negotiations

Analytical skills

Change leadership

Education

Bachelor's degree or equivalent

Job description

Fifth Third Bank in Cincinnati, OH is seeking a Third Party Procurement Strategist to lead sourcing for moderate risk and spend, negotiate contracts, and guide business lines on risk management. You will support strategy development, manage supplier relationships, and ensure compliance with internal policies.

The role requires a Bachelor's degree and 4+ years of sourcing or procurement experience, with strong analytical capabilities and cross-functional collaboration.