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Position not available for immigration sponsorship.

GENERAL FUNCTION:

Participates in the acquisition, structuring, due diligence, and negotiation of third party contracts for goods and services for the Bancorp. Responsible for keeping the project running smoothly through the coordination of activities, resources, equipment and information from project initiation through completion.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Serve as the single point of contact for the new vendor vetting and onboarding process by performing the following activities:Ensure that the LOB has an understanding of the governance processes required for their project at the onset by assisting with the triage form, the PIP, the Inherent Risk Questionnaire and any other project kick off forms required to move forwardWorking with the associated Sourcing strategists to translate the business need into a sourcing strategy that meets the timelines and requirements of the businessFacilitate the vendor due diligence process in conjunction with the Vendor Risk Management team to ensure timelgy completion of VDDR responses from the vendor, LOB, and risk expertsEnsure that the appropriate ancillary contract clauses needed based on scope of the vendor services are included in the agreementsCoordinate redline review with Legal, the LOB, and the vendor and understand points of leverage to assist in negotiationsWork with the LOB and appropriate finance partner to ensure that funds are budgeted, including leading the appropriations request process where require
 Ensure that all stakeholders have a clear understanding of what is expected of them through the onboarding process, including providing pipeline reporting stakeholders to ensure they are prepared for requests in advance of when they are madeServe as liaison between vendors and the business line to identify products and services to support operational efficiency.Negotiate and execute contracts valued at $50k or lessExecution of "Contract SharePoint Process"Collect clauses as derived by the IRQ process, generate Master Agreement and provide template to applicable Sr. Strategist or Strategist for executionMonitor expiring contracts and provide to applicable Sr. Strategist or Strategist for execution six (6) months prior to the notification dateResponsible for providing Vendor Managers with applicable feedback regarding Vendor terminationParticipate in weekly vendor management meeting and disseminate information as appropriatePrepares status reports and presentations to keep all levels of management and internal partners abreast of key milestones, alternatives, and potential risksAdministrative creation/tracking/follow-up/completion of RFX {Request for Information (RFI),Request for Proposal (RFP), Request for Quote (RFQ), and Request for Bid (RFP)}Extract and report category spend information and provide to Sr. Strategist and StrategistComplete monthly status report for each project/contractPrepare meeting materialsComplete Sourcing AR Meeting FormInput, validate with Finance and maintain savings data in Enterprise Savings Initiative (ESI) and NorthStar tracking spreadsheetsMaintain Sourcing projects in TrackVia solutionComplete Sourcing Council documentationSchedule supplier demonstrations (demos)Conduct market research as needed, including diverse suppliersContract follow-up with Legal departmentNo signature authority or category ownershipWorks to create a 'cost conscious' culture across Bancorp.

SUPERVISORY RESPONSIBILITIES:

None  

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Bachelor's Degree or equivalent preferred with 3-4 years Sourcing or Procurement experienceBasic understanding of Sourcing and Vendor Management methodologies, negotiations and business processesProven ability to multi-task and prioritize work to deliver on time and help meet project deadlinesDesire to learn new processes, tools, and techniquesFlexibility during organizational and/or business changesStrong interpersonal and relationship building skillsCritical listening and thinking skillsAttentive to details, accurate and well organizedAbility to navigate complex organizationsEffective written and verbal communication skillsHands on proficiency in Microsoft Office tools, including Project, Word, PowerPoint, Visio and

Excel

Ability to work independently to set and manage plans and to work within a team environmentDecision making/problem solving skills

#LI-BP1

Third Party Procurement Sr Analyst

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

LOCATION -- Cincinnati, Ohio 45202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.