Third Party Procurement Analyst

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Position not available for immigration sponsorship.

GENERAL FUNCTION:

Participates and supports the acquisition, coordination and negotiation of third party contracts for goods and services for the Bank. Responsible for keeping projects running smoothly through the coordination of activities, resources, 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 by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Execute "Contract Workday Process”, including follow up on outstanding approvals.
• Maintain sourcing projects in the Third Party Procurement (TPP) project management tool as appropriate.
• Monitor and identify expiring contracts and provide to applicable Procurement project lead within the appropriate timelines. Work with the LOB to identify and initiate the next steps for contracts that are expiring or renewing.
• Coordinate with Third Party Oversight (TPO) Specialists on feedback regarding vendor performance to influence future contract negotiations and clauses.
• Provide TPO Specialists with applicable feedback regarding vendor termination.
• Work collaboratively on a variety of TPP project work, directly communicating with vendors and the LOBs, and maintain and independently complete project work as assigned.
• Administrative creation/tracking/follow-up/completion of RFX {Request for Information (RFI), Request for Proposal (RFP), and Request for Quote (RFQ).}
• Draft, negotiate and process non-complex contract items.
• Secure non-disclosure agreements (NDAs) for RFX participants and for existing vendors as needed.
• Perform contract follow-up with Legal department.
• Assist with the development of status reports and presentations as needed.
• Extract and report category spend and contract information and provide to applicable Procurement project lead as needed.
• Prepare meeting materials and agendas, record meeting notes, ensure meeting rooms are properly set up, execute PassagePoint process, and schedule supplier demos.
• Act as back up for other team members as necessary.
• Act as initial contact point for new project ingestion.
• Conduct market research as needed, including diverse suppliers.
• Works to create a 'cost conscious' culture across Bancorp.
• Learn all TPP Sr. Analyst duties and provide coverage and backup for the pod TPP Sr. Analyst as needed.

SUPERVISORY RESPONSIBILITIES: N/A.

MINIMUM KNOWLEDGE AND SKILLS REQUIRED:

• Bachelor's Degree or equivalent with 1-2 years sourcing/procurement experience or relevant business experience preferred.
• Basic understanding of sourcing/procurement methodologies, negotiations and business processes preferred.
• Proven ability to multi-task and prioritize work to deliver on time and help meet project deadlines.
• Desire to learn new processes, tools, and techniques.
• Flexibility during organizational and/or business changes.
• Strong interpersonal and relationship building skills.
• Critical listening and thinking skills.
• Attentive to details, accurate and well-organized.
• Ability to navigate complex organizations.
• Effective written and verbal communication skills.
• Hands on proficiency in Microsoft Office tools, including Word, PowerPoint, and Excel.
• Ability to work independently to set and manage plans and to work within a team environment.
• Good decision making/problem solving skills.

WORKING CONDITIONS:

• Normal office environment.
• Extended viewing of a computer screen.

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Third Party Procurement 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.