What are the responsibilities and job description for the Strategic Sourcing position at First Horizon?
Location: One site in Memphis, TN, Knoxville, TN, Coral Gables, FL, and Charlotte, NC.
Summary:
The Corporate Procurement function at First Horizon Corporation is under the direction of the Director of Corporate Real Estate & Procurement.
The Strategic Sourcing role is accountable for managing the overall relationship with Vendors and Service Providers, in their assigned category, which provide goods and/or services to FHN, including sourcing, selection, contract negotiations, contract compliance, and spend analytics.
Overall core competencies include strong understanding of procurement and vendor management practices, general business knowledge, strategic/global/visionary/ enterprise thinker, critical thinking skills, overall leadership adeptness, relationship management skills, comprehensive communication skills and proven project management wisdom.
Specific Responsibilities
□ Lead cross-functional teams to identify, qualify, and implement processes with existing and new vendors for improved total cost of ownership in the assigned category.
□ Lead strategic sourcing initiatives for the assigned category to meet business line objectives, deliver cost savings, improve efficiency, and ensure overall vendor value delivery.
□ Lead negotiations with vendors for the procurement of goods and/or services in the assigned category.
□ Serve as vendor relationship manager for assigned vendors for assigned category.
□ Act as conduit between business lines and vendor community to foster innovation in offerings and business processes that result in greater quality and efficiency.
□ Enhance and maintain controls to protect FHN’s customer data, reputation, and adhere to regulatory requirements.
□ Maintain consistency and professionalism in working with vendors.
□ Foster performance improvement from vendor and internal customers.
□ Manage vendors in accordance with strategic objectives.
Personal Characteristics
□ High energy with a ‘take charge’ and ‘make it happen’ attitude.
□ Strong leadership and mentoring skills. Ability to lead and motivate vendors and others within the company.
□ Must possess strong written and oral communication skills.
□ Client-service orientation. Skilled in establishing and maintaining a high level of client trust and confidence in the group’s knowledge of and concern for clients’ needs.
□Must be a self-starter with high levels of attention to detail.
□ The successful candidate must possess the sophistication, communication, and interpersonal relationship skills to achieve results through credibility and earned influence, often in the absence of, or without the overt use of, direct authority.
Professional Background
□ Bachelor’s degree in related discipline.
□ A minimum of five years related experience. Financial Services environment experience preferred, but not required.
□ Significant experience negotiating technology related agreements, including application software, SaaS, professional services, etc.
□ Strong knowledge of goods and or services in the assigned category.
About Us
First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately ~7,300 associates and ~418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
Corporate Diversity Commitment:
We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.
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