Cost and Supplier Management Senior Manager

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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 Profile Summary

The Cost and Supplier Management Senior Manager leads a team of strategists and consultants focused on cost optimization and supplier management for TD&O Wholesale divisions, including Payments, Wealth, Investment Banking, Lending, Sales Enablement, Digital, Treasury, and Production Support.

• Oversee the TD&O Wholesale budget (Operate and Invest), ensuring financial discipline and transparency.
• Develop and execute actionable expense savings plans.
• Create and maintain financial plans for non-budgeted risk items.
• Provide clear, timely updates to TD&O Wholesale leadership on financial status and progress.
• Manage the Approval to Hire process for TD&O Wholesale.
• Drive strategic cost and supplier initiatives to support business objectives across multiple divisions.

Please note that candidate must be located in *or willingness to self-relocate to one of the following locations:
Charlotte or Raleigh, NC;
Atlanta, GA or Richmond, VA. Truist has in office requirements that must be honored.

For this opportunity, Truist will not sponsor an applicant for work visa status or employment authorization, nor will we offer any immigration-related support for this position (including, but not limited to H-1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN-1 or TN-2, E-3, O-1, or future sponsorship for U.S. lawful permanent residence status).

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.

• Strategic Leadership and Vision:
  Develop and execute a comprehensive cost and supplier management strategy that aligns with Truist’s business objectives and long-term growth plans.
• Provide strategic leadership to the Supplier Management Managers and their teams, ensuring alignment with organizational goals and fostering a culture of excellence and innovation.
• Collaborate with senior leadership to influence and support key business decisions related to supplier management and procurement strategies.
• Oversight of Supplier Management Function:
  Oversee the management of all supplier relationships, ensuring that Supplier Management Managers effectively manage their teams and supplier engagements.
• Ensure that supplier strategies are aligned with Truist’s objectives, including risk management, cost optimization, and performance improvement.
• Monitor the overall effectiveness of the supplier management function, identifying areas for improvement and implementing necessary changes.
• Cost Management and Financial Oversight:
  Lead the development and implementation of cost management strategies that drive efficiency and maximize value across the supply chain.
• Oversee financial planning and budgeting related to supplier engagements, ensuring that cost objectives are met and financial risks are managed.
• Work closely with the finance team to develop and monitor key financial metrics, ensuring alignment with Truist’s financial goals.
• Performance Monitoring and Continuous Improvement:
  Establish and monitor key performance indicators (KPIs) to assess the effectiveness of supplier relationships and management strategies.
• Lead initiatives to continuously improve supplier performance, including the development of advanced Service Level Agreements (SLAs) and performance evaluation frameworks.
• Drive a culture of continuous improvement…