Strategic Sourcing Manager

VP, Strategic Sourcing Senior

The Corporate Procurement function at First Horizon Corporation is under the direction of the Director of Corporate Properties & Procurement. The VP, Strategic Sourcing Senior 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 include :

• Leading cross-functional teams to identify, quantify, and implement processes with existing and new vendors for improved total cost of ownership in the assigned category.
• Leading strategic sourcing initiatives for the assigned category to meet business line objectives, deliver cost savings, improve efficiency, and ensure overall vendor value delivery.
• Leading negotiations with vendors for the procurement of goods and / or services in the assigned category.
• Serving as vendor relationship manager for assigned vendors for assigned category.
• Acting as a conduit between business lines and vendor community to foster innovation in offerings and business processes that result in greater quality and efficiency.
• Enhancing and maintaining controls to protect FHN's customer data, reputation, and adhere to regulatory requirements.
• Maintaining consistency and professionalism in working with vendors.
• Fostering performance improvement from vendor and internal customers.
• Managing vendors in accordance with strategic objectives.
• Successfully managing the largest, most complex contract negotiations and purchases required by FHN (technology, information services, core banking products).

Personal characteristics include :

Professional background includes :

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. 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 include :