Full-Time

Cost and Supplier Management Senior Consultant

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Orlando, FL, USA + 6 more

More locations: Raleigh, NC, USA | Goldsboro, NC, USA | Richmond, VA, USA | Winston-Salem, NC, USA | Charlotte, NC, USA | Atlanta, GA, USA

Category
Financial Consulting
Consulting
Required Skills
Business Strategy
Requirements
  • Bachelor’s degree and eight years of IT service delivery with experience managing complex, IT supplier relationships; or an equivalent combination of education and work experience.
  • Deep specialized and/or broad functional knowledge. Sound understanding of business and organizational strategies and processes.
  • Ability to interpret internal and external business challenges and recommend best practices. Ability to lead complex projects.
  • Sophisticated analytical skills and the ability to solve complex technical and business problems.
  • Ability to influence others at senior levels to adopt a new perspective.
Responsibilities
  • Collaborate with key stakeholders to develop and implement supplier strategies that align with Truist’s overall business objectives.
  • Identify and evaluate potential suppliers, ensuring they meet the institution's strategic needs and compliance requirements.
  • Lead the onboarding process for suppliers, ensuring they meet Truist’s standards for quality, security, and compliance.
  • Conduct thorough due diligence on suppliers, including financial stability, operational capabilities, and risk factors.
  • Establish and maintain strong relationships with strategic suppliers, business stakeholders, and sourcing, acting as the primary point of contact.
  • Facilitate regular communication between Truist and suppliers to ensure alignment and address any issues promptly.
  • Develop and enforce Service Level Agreements (SLAs) to ensure suppliers meet performance expectations.
  • Conduct regular performance reviews, analyzing key metrics and KPIs to assess supplier effectiveness and identify areas for improvement.
  • Collaborate with finance, business stakeholders, sourcing, and other departments to develop financial plans related to supplier engagements.
  • Identify and implement cost-saving opportunities without compromising service quality or operational efficiency.
  • Ensure effective contract utilization, maximizing value from supplier agreements.
  • Identify potential risks associated with supplier relationships and develop mitigation strategies.
  • Monitor supplier compliance with regulatory requirements and internal policies, taking corrective actions when necessary.
  • Work closely with procurement, finance, legal, and other departments to ensure seamless supplier management processes.
  • Provide insights and recommendations to senior leadership on supplier performance and cost management strategies.
  • Stay updated on industry trends, best practices, and emerging technologies related to supplier management.
  • Lead initiatives to improve supplier management processes, driving innovation and efficiency.
  • Oversee contract negotiation and management, ensuring favorable terms and conditions that align with Truist’s interests.
  • Manage the renewal and termination of supplier contracts in a timely and efficient manner.
  • Prepare and present reports on supplier performance, cost management, and other key metrics to senior leadership.
  • Maintain accurate and up-to-date records of supplier engagements, contracts, and performance evaluations.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, reducing overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting financial stability and growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and attract more RIAs.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from firms like Robinhood and Betterment could erode Altruist's market share.
  • Continuous tech updates may strain Altruist's financial resources.
  • Integration challenges with new partners may disrupt service delivery.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and an automated rebalancer.
  • Altruist provides original content and fast onboarding for independent financial advisors.

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