Director - Sourcing Operations and Governance

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

This is a full-time, remote career opportunity. Requires ability to travel to Corporate Headquarters in Lancaster, PA as needed.

The Director - Sourcing Operations and Governance will lead Fulton Bank's strategic management of third-party contracts, procurement technology enablement, and third-party risk oversight. This highly visible role ensures that procurement operations, contract lifecycle management, and vendor risk programs meet evolving regulatory expectations (OCC, FDIC, FRB, etc.), internal control requirements, and business priorities. The role will establish Procure to Pay (P2P) processes, optimize Source to Contract technologies, and lead interactions with bank regulators and audit teams. The incumbent will serve as an essential strategic partner to Finance, Legal, Risk, Compliance, and Audit leadership. This role will require occasional travel.

Provide leadership and direction for the Bank's enterprise-wide contract management function, ensuring contracts meet regulatory standards, commercial requirements, and legal risk mitigation strategies.
• Lead development, implementation and maintenance of Procure to Pay processes and supporting technology, with accountability for system integration, stakeholder adoption, and process efficiency.
• Oversee Source to Contract technology stack (Spend Analytics, Contract Lifecycle Management, Supplier Onboarding) ensuring effective governance, performance, and user experience.
• Lead enterprise vendor risk program in alignment with OCC Bulletin 2023-17, OCC Bulletin 2021-40, and FFIEC Outsourced Technology, and other regulatory frameworks. Maintain direct engagement with internal audit and external regulators.
• Partner with Finance, Legal, Risk, Information Security and Compliance to ensure third-party risk and procurement controls remain effective, documented, and continuously improved. Manage regulatory exam responses and remediation tracking.
• Represent Procurement function in Executive-level forums, building stakeholder engagement and driving enterprise-wide alignment with procurement, contract, and vendor risk priorities.

• May support other strategic sourcing and procurement initiatives as assigned.

Bachelor's Degree or the equivalent experience. Specialty: Business, Finance, Supply Chain, Risk Management, Law, or related field. (Required)

Master's Degree or the equivalent experience. Specialty: Business Administration. (Preferred)

10 or more years experience in contract management, procurement technology (P2P), and vendor risk management in regulated industries (Banking, Financial Services, or other applicable). (Required)

5 or more years leadership experience managing contract management and/or procurement teams with regulatory accountability. (Preferred)

3 or more years experience interacting with bank regulators (OCC, FDIC, or equivalent) and/or internal audit teams. (Preferred)

Certified Third Party Risk Professional (CTPRP), Certified Procurement Professional (CPP), or equivalent. (Preferred)

• Strong knowledge of contract law, negotiation, and commercial contract structures (Required)
• Proficient in Source to Contract and Procure to Pay technologies and implementation best practices (Required)
• Advanced stakeholder management and executive communication skills (Required)
• Demonstrated leadership in driving change, process improvement, and cross-functional collaboration (Required)
• Familiarity with financial services, banking operations, and internal control environments (Preferred)
• Deep understanding of OCC, FDIC, and FFIEC regulatory frameworks for third-party/vendor risk (Preferred)

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

The salary range for this position is $139,300.00 - $232,200.00 annually.

Additional Compensation Components

This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.