Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Procurement Strategic Sourcing Consultant provides day-to-day management and execution of Sourcing initiatives within a cross functional team. With minimal guidance, this position will generally have responsibility for leading certain expense reduction efforts and associated vendor related engagements and negotiations for certain business units or strategic categories to effectively support the delivery of business outcomes. Associates in this role interact daily with senior and executive level associates within business units to accomplish objectives.

Primary Responsibilities

Negotiates contracts with service providers that deliver effective business outcomes to include negotiations of SLA’s, terms, risk components, and fee structureDirects and oversees negotiations with good interpersonal and communication skills, to deliver a desired resultCommunicates clearly and effectively within a working team to foster collaborationUtilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicit responses, analyze responses, prepare recommendation and negotiate contracts to enhance efficiencies and reduce costsExecutes the bank’s competitive bidding process and lead strategic sourcing activities for assigned areasDevelops cross-functional teams, business objectives, identify bidding suppliers, set up the RFP in the bank’s P2P system, execute the RFP / competitive bid with suppliers, negotiate contracts and work with business stakeholders to develop recommendationsPartners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliersAnalyzes market industry conditions and develops plans to procure goods not related to information technology vendorsCommunicates corporate procurement standards to vendors and business partnersCompletes and executes RFPs and/or contracts that meet the company’s legal and business requirementsMay partner with Procurement Strategic Sourcing Technology Consultant on projectsOffers advice and guidance to junior consultants on occasion

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. 

Requirements

Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and five (5) years of experience in procurement or related fieldOr High School Diploma or GED and nine (9) years of experience in procurement or related fieldDemonstrated ability to execute RFPs and/or competitive bidsDemonstrated ability to negotiate with suppliers and internal customers to maximize value, ensure standardization, successfully resolve disputes, and drive optimal outcomes

Preferences

Professional certification in Supply Chain, Procurement, or related fieldMaster of Business Administration (MBA) or related degree

Skills and Competencies

Ability to lead associates to desired outcomes through influence and buy-inAbility to learn additional systems as neededAbility to research, analyze data, and derive factsAbility to work in a team environment when applicableAbility to work under pressure and meet deadlinesDemonstrated negotiation skillsDeveloped relationship-building skillsProficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)Strong verbal, written communication, and organizational skillsStrong work ethic and self-motivation

*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

Additional job detail for this specific opportunity

Expertise in developing Sourcing Spend Category Strategies in collaboration with internal customersExpertise in running complex RFPs at the enterprise level dealing with a variety of major suppliersStrategic Sourcing banking experience preferredAbility to deal with 20+ Sourcing engagements at any given timeStrong negotiations skills in the areas of price negotiationsStrong knowledge of legal terms and conditions in master services agreements and statements of work12+ years of sourcing experience preferred

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$85,608.60 USD

Median:

$113,040.00 USD

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location DetailsRiverchase Operations Center

Location:Hoover, Alabama

Bring Your Whole Self to Work  

   

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.

   

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.