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Procurement Sourcing Category Strategist
Regions Bank. Provide day-to-day management of larger, more complex sourcing initiatives within a cross-functional team .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in managing complex sourcing initiatives and executing RFPs while leading cross-functional teams to achieve procurement objectives. Proficient in negotiation, data analysis, and relationship building to drive optimal outcomes in a corporate procurement environment.
Highest-signal resume keywords
RFP ExecutionNegotiation SkillsData AnalysisCross-Functional Team LeadershipProcurement Experience
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
RFP DevelopmentContract NegotiationExpense Reduction AnalysisMarket AnalysisProcurement Standards Communication
Soft Skills
Relationship BuildingVerbal CommunicationWritten CommunicationOrganizational SkillsTeam Collaboration
Tools & Technologies
Microsoft OfficeP2P System
Certifications & Qualifications
Professional Certification in Supply ChainProfessional Certification in Procurement
Industry Keywords
Corporate BankingConsumer BankingWealth ManagementTreasury ManagementEnterprise Payments
About the role
Key responsibilities & impact- Provide day-to-day management of larger, more complex sourcing initiatives within a cross-functional team
- Lead expense reduction efforts and associated vendor-related engagements for business units or strategic categories
- Interact with senior and executive-level associates within business units to accomplish objectives
- Determine and prepare RFP/competitive bid requirements, solicit and analyze responses, prepare recommendations, and negotiate contracts
- Execute the bank’s competitive bidding process and lead strategic sourcing activities for assigned areas
- Develop cross-functional teams and business objectives; identify bidding suppliers and set up RFPs in the bank’s P2P system
- Execute RFPs/competitive bids with suppliers and work with business stakeholders to develop recommendations
- Identify expense reduction opportunities related to suppliers with key stakeholders and senior leaders
- Analyze market industry conditions and develop plans to procure non-information-technology goods
- Communicate corporate procurement standards to vendors and business partners
- Complete and execute RFPs and/or contracts meeting company business and legal requirements
- Advise junior consultants and support skill development and continuous improvement initiatives
- May serve as team lead or supervise entry-level procurement consultants
- May partner with the Procurement Strategic Sourcing Technology Consultant on projects
Requirements
What you’ll need- Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and 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
- Ability to lead associates to desired outcomes through influence and buy-in
- Ability to learn additional systems as needed
- Ability to research, analyze data, and derive facts
- Ability to work in a team environment when applicable
- Ability to work under pressure and meet deadlines
- Demonstrated ability to execute RFPs and/or competitive bids
- Demonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes
- Demonstrated negotiation skills
- Developed relationship-building skills
- Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
- Strong verbal, written communication, and organizational skills
- Strong work ethic and self-motivation
- Preferred Procurement experience in Corporate / Consumer Banking, Wealth Management, Treasury Management, Enterprise Payments, or Wealth Management
- Professional certification in Supply Chain, Procurement, or related field preferred
- Master of Business Administration (MBA) or related degree preferred
Benefits
Comp & perks- Annual discretionary incentive plan
- Opportunity to participate in the Long Term Incentive Plan
- 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