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Truist Head of IT Sourcing & Category Management in Charlotte, North Carolina

Req ID: R0042584

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Job Description

Reporting to the Head of Strategic Sourcing, the Head of IT Sourcing & Category Management is responsible for developing and managing the end to end sourcing process and supply management lifecycle through strategic category management. This individual manages a total purchasing volume over 1.9 billion in spend with proven track record for successfully drive third party savings programs.

The Head of IT Sourcing & Category Management role is engaged but not limited to the following areas: Contracting / Contract Management, P2P / Procurement Operations, Spend Analytics, Third Party Risk Management and AP / Payment controls.

The incumbent will also have experience with driving third party engagements as a key leader in our Truist firm-wide transformation Building for Better (B4B) program.

Responsibilities:

  • Effectively manage a direct team of Strategic Sourcing Category Directors and Managers within IT.

  • Oversees the implementation of category strategies within his/her portfolio to optimize business efficiency and ensure the highest level of service delivery, and institutionalizes best-practice processes and policies knowledge sharing with team.

  • Provide clear direction and expectations of indirect reports across all support groups within the end to end sourcing process and Sourcing Objectives.

  • Partner with Business Leaders and Executives to ensure that sourcing strategies/category plans are aligned with the Business Goals

  • Attracts, retains, and promotes top talent, with a strong focus on diversity and builds a robust slate of credible successors for key leadership positions and for opportunities across Truist.

  • Promote risk excellence and sound risk management as the first line of defense by driving and aligning with bank-wide policies.

  • Partners with the Truist executive leaders to improve efficiency, effectiveness, and productivity, control, consumption and material cost reductions as measured and compared with world class benchmarks.

  • Represent Truist in dealings with clients/balance of trade and external bodies such as regulators and government agencies.

  • Implement process improvements in all phases of the source-to-pay life cycle, supplier rationalization, volume aggregation, preferred vendor programs, product/service requirements and demand management to reduce supplier costs and proactively manage third party related risks.

  • Establish and drive supplier diversity and supplier relationship management programs to maximize performance, value and ensure contract terms and outcomes are me.

Basic Qualifications:

  • Bachelor’s degree

  • 15 years of increasingly progressive Procurement, AP, third party risk, corporate services, spend management, consulting, and Strategic Sourcing experience.

  • Direct management experience of a function with strategic development responsibilities

  • Demonstrated leadership capabilities in team development and thought leadership

  • Strong analytical skills

  • Strong program and transformation management skills

  • Strong business acumen

  • Exceptional negotiation and influencing skills

  • Exceptional interpersonal skills with the ability to communicate effectively at all levels; particularly at the management level

  • Executive presence and effective presentation skills

  • Proven track record of delivering material cost savings

  • Highly self-motivated with the ability to drive change in a matrixed organization with minimum supervision.

Preferred Qualifications:

  • MBA, Masters in Supply Chain, or Juris Doctor degree

  • Experience in decentralized and highly matrixed environments where leadership and influencing skills are necessary to bring about change

  • Broad based experience in: Procurement, Sourcing, and third party management

  • Subject Matter Expertise in ITsoftware, hardware, and telecom sourcing methodology and techniques

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.

Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.

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