Strategic Sourcing & Vendor Negotiation Lead

Regions Bank; Atlanta (GA); On-site; USD 94,000 - 115,000; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Job summary

Regions Bank is seeking a Procurement Sourcing Category Strategist to manage complex sourcing initiatives within a cross-functional team in Birmingham, AL. You will lead expense-reduction efforts, engage with senior leadership, and drive strategic vendor engagements to deliver business outcomes.

The role emphasizes strategy development, RFP execution, negotiation, and collaboration with stakeholders across the bank.

Qualifications

• Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field.
• Seven (7) years of experience in procurement or related field.
• Or High School Diploma or GED and eleven (11) years of experience in procurement or related field.

Responsibilities

• Utilizes strategic sourcing approach to determine and prepare RFPs, solicit responses, analyze bids, prepare recommendations and negotiate contracts to reduce costs.
• Leads strategic sourcing activities for assigned areas and supports cross-functional teams to meet business objectives.
• Develops cross-functional teams, identifies bidders, sets up RFPs in the P2P system, and collaborates with stakeholders to finalize recommendations.
• Partners with stakeholders and senior leaders to identify expense reduction opportunities with suppliers.
• Analyzes market conditions and plans procurement of goods not related to IT vendors.
• Communicates procurement standards to vendors and partners.
• Completes RFPs/contracts that meet business and legal requirements.
• Mentors junior consultants and supports continuous improvement.

Skills

Strategic sourcing

RFP process

Negotiation

Vendor management

Cross-functional teamwork

Data analysis

Communication

Project leadership

MS Office

Problem solving

Education

Bachelor’s degree in Business, Sourcing/Engineering, Procurement, or related field

Tools

Microsoft Office

Excel

PowerPoint

Outlook

Job description

Regions Bank is seeking a Procurement Sourcing Category Strategist to manage complex sourcing initiatives within a cross-functional team in Birmingham, AL. You will lead expense-reduction efforts, engage with senior leadership, and drive strategic vendor engagements to deliver business outcomes.

The role emphasizes strategy development, RFP execution, negotiation, and collaboration with stakeholders across the bank.