**The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.** Need Help? (https://www.brainshark.com/bbandt/careers-site-faq) _If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (careers@truist.com?subject=Accommodation%20request)_ _(accommodation requests only; other inquiries won't receive a response)._ **Regular or Temporary:** Regular **Language Fluency:** English (Required) **Work Shift:** 1st shift (United States of America) **Please review the following job description:** The Cost and Supplier Management Senior Manager is responsible for overseeing a portfolio of some of Enterprise Technologies largest and most complex supplier relationships, strategies, and initiatives. This role is tasked with leading a team in executing high-level strategies that optimize supplier relationships, drive cost efficiency, and align with Truist’s long-term goals for their portfolio of supplier relationships. The Senior Manager leads a team of Supplier Managers and other key personnel, ensuring the delivery of exceptional supplier performance, risk mitigation, and cost management for their portfolio of suppliers. This position works with leadership to influence supplier and organizational decisions and serves as a key subject matter expert (SME) on supplier risk management, supplier portfolio management, operating efficiency cost initiatives, financial risk management, and supplier and cost reporting strategies for their portfolio of supplier relationships. **ESSENTIAL DUTIES AND RESPONSIBILITIES** Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. **1. Strategic Planning and Execution:** • Develop and lead the execution of supplier management strategies that align with Truist's long-term business objectives. • Collaborate with senior leadership to identify strategic supplier opportunities and ensure they are effectively leveraged to drive business success. • Design and implement frameworks for evaluating supplier performance and developing continuous improvement plans. **2. High-Level Supplier Relationship Management:** • Serve as the strategic point of contact for the organization’s most critical and high-value suppliers. • Build and maintain executive-level relationships with suppliers, ensuring alignment with Truist’s strategic goals and fostering long-term partnerships. • Lead negotiations in collaboration with sourcing with strategic suppliers, ensuring terms are favorable and contribute to Truist’s competitive positioning. **3. Cost Management and Optimization:** • Oversee the development of cost management strategies across the supplier portfolio, ensuring the delivery of financial objectives. • Identify and execute high-impact cost-saving initiatives, balancing cost efficiency with the need for quality and innovation. • Collaborate with finance and procurement teams to optimize the financial impact of supplier engagements, including budgeting, forecasting, and reporting. **4. Risk Management and Compliance:** • Develop and implement comprehensive risk management strategies to mitigate potential risks associated with strategic suppliers. • Ensure compliance with all regulatory requirements, internal policies, and industry standards related to supplier management. • Lead the development of contingency plans to manage disruptions in the supply chain. **5. Performance Monitoring and Continuous Improvement:** • Establish and monitor key performance indicators (KPIs) to assess the effectiveness of strategic supplier relationships. • Lead initiatives to continuously improve supplier performance, including the development and enforcement of Service Level Agreements (SLAs). • Provide strategic insights and recommendations to senior leadership based on performance data and industry trends. **6. Innovation and Market Intelligence:** • Stay informed on industry trends, emerging technologies, and market conditions to inform supplier strategy and drive innovation. • Lead efforts to integrate new technologies and best practices into Truist’s supplier management processes. • Identify and capitalize on opportunities to enhance Truist’s supplier management framework through innovative approaches and solutions. **7. Cross-Functional Leadership:** • Work closely with cross-functional teams, including procurement, finance, legal, and operations, to ensure a cohesive approach to supplier management. • Act as a strategic advisor to internal stakeholders on supplier-related issues, providing expert guidance and support. • Lead cross-functional initiatives aimed at enhancing supplier management practices and achieving broader organizational goals. **8. Leadership and Mentorship:** • Provide leadership and mentorship to the Supplier Management team, including the Cost and Supplier Management Consultants. • Foster a culture of excellence, collaboration, and continuous improvement within the team. • Support talent development initiatives to build a strong pipeline of future leaders in supplier management. **9. Reporting and Strategic Communication:** • Prepare and present high-level reports on supplier performance, cost management, risk mitigation, and strategic initiatives to senior leadership. • Ensure effective communication of supplier management strategies and outcomes across the organization. **QUALIFICATIONS** **Required Qualifications:** The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. Bachelor’s degree and ten years of IT service delivery with experience managing complex, IT supplier relationships; or an equivalent combination of education and work experience. 2. Deep specialized and/or broad functional knowledge. Sound understanding of business and organizational strategies and processes. 3. Ability to interpret internal and external business challenges and recommend best practices. Ability to lead complex projects. 4. Sophisticated analytical skills and the ability to solve complex technical and business problems. 5. Ability to influence others at senior levels to adopt a new perspective. **Preferred Qualifications:** 1. Bachelor’s degree and thirteen years of experience or an equivalent combination of education and work experience. 2. Masters degree in Business Administration, Supply Chain, Finance, or Accounting 3. Banking or financial services experience. **General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/) . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work. **_Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace._** EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC\_KnowYourRights\_screen\_reader\_10\_20.pdf) Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify\_Participation\_Poster\_ES.pdf)