Strategic Third-Party Procurement Analyst

Fifth Third; Cincinnati (OH); On-site; USD 75,000 - 110,000; Full time

Job summary

Fifth Third Bank in Cincinnati, Ohio is seeking a Senior Analyst to manage vendor vetting, onboarding, and contract negotiations across third-party services. You will coordinate governance, respond to risk reviews, and align sourcing plans with business timelines to ensure a smooth procurement process.

The role emphasizes collaboration with Legal, Finance, and business lines, driving cost-conscious strategies while maintaining strong stakeholder relationships and a focus on risk controls.

Qualifications

• Bachelor's degree or equivalent with 3-4 years Sourcing experience.
• Foundational knowledge of sourcing and vendor management processes.
• Strong multitasking and deadline-oriented.
• Willingness to learn new tools and adapt to changes.
• Excellent written and verbal communication.

Responsibilities

• Serve as liaison with vendors during onboarding.
• Coordinate governance and procurement processes for projects.
• Translate business needs into sourcing strategies with timelines.
• Lead due diligence with Vendor Risk Management.
• Negotiate agreements and review redlines with Legal.
• Monitor contracts and report savings in ESI/NorthStar.
• Prepare status reports and presentations for stakeholders.
• Maintain procurement records and assist with spend analytics.

Skills

Sourcing

Vendor Management

Negotiation

Stakeholder Communication

MS Office Suite

Education

Bachelor's Degree

Tools

Microsoft Project

Microsoft Visio

Excel

PowerPoint

Job description

Fifth Third Bank in Cincinnati, Ohio is seeking a Senior Analyst to manage vendor vetting, onboarding, and contract negotiations across third-party services. You will coordinate governance, respond to risk reviews, and align sourcing plans with business timelines to ensure a smooth procurement process.

The role emphasizes collaboration with Legal, Finance, and business lines, driving cost-conscious strategies while maintaining strong stakeholder relationships and a focus on risk controls.