Carolyn Jungclas, CRVPM ll
SVP Procurement & Vendor Management
First Citizens Bank & Trust Company
Carolyn is responsible for sourcing, procurement, vendor risk management, and contract structuring and negotiation for First-Citizens Bank and Trust Company (FCB) in Raleigh NC. Carolyn joined FCB in 2007 to create the vendor risk management function based on the 2001 OCC guidance and has expanded the program to address changing regulatory guidance, industry events, and increased expectations from the internal business owners. In 2013 the vendor risk management team was merged with the purchasing function and the team was expanded to provide end to end procurement and vendor management services across the enterprise.
Prior to joining FCB, Carolyn worked in the public utility sector in various leadership roles in Power Plant Operations (General Manager, Plant Manager, Operations Manager, Turbine-Generator engineer) in Nuclear, Gas, Oil, and Coal fired plants. In her last 2 years in the power plant industry, Carolyn applied her operations knowledge to rebuild the $4 Billion supply chain of a Fortune 100 power company in Raleigh NC as the Supply Chain Director.
Carolyn has a Bachelor’s degree in Mechanical Engineering from the University of Michigan, is a registered Professional Engineer, a Certified Regulatory Vendor Program Manager ll, and has an Executive MBA from the University Of North Carolina at Chapel Hill.