Procurement Manager

The Procurement Manager will design, manage and execute the corporate procurement strategy for purchasing all products and services. This individual will take the lead on vendor selection, contract negotiations and reviews, onboarding, vendor management, and establishing enterprise wide policies and procedures. They will assert their leadership and apply best practices to centralize the procurement process and drive efficiencies in the end-to-end vendor/procurement process, vendor service level agreements and internal KPIs. Job Expectations:

Build out and manage a centralized procurement process for the entire organizationResearches best practices and implements new solutions to improve processes and mitigate riskLeads the vendor search process while considering supplier diversityManages contract administration processes including vendor selection, RFP/RFQ leadership, contract maintenance, management committee reportingPartners with existing vendor owners and Enterprise Risk Management to understand, assess, and document the potential risks of new and renewing vendors (data transmissions, use of artificial intelligence, location of data, 4th party risk, and more)Negotiate contracts along with vendor contract owners and legal counselManages contract renewal process and assists vendor owners with necessary documentationAnnually reviews vendors and vendor performanceWith internal stakeholders, leads the development of internal service level agreements and KPI's with escalation clauses; create reporting and dashboards to manage execution against SLAs/KPIs and monitors any related vendor action plans.

Works with vendor owners to identify/understand subcontractor (fourth party) utilizationCreates and conducts training and awareness activities to educate managers and employees about the Bank’s procurement policies and proceduresHiring, supervision and development of 1 direct report.

Define job duties and processes for analyst and implement appropriate controls, oversight, and management routines for new roleRequired ExperienceFive or more years of experience in purchasing/procurement, vendor risk management or client relationship managementOne plus years of managing employees or indirectly managing operational staffExperience with developing and maturing complex procurement/vendor/client processes Significant knowledge of standard customs, processes, and internal controls related to the procurement and vendor/client management functionAbility to manage RFI/RFX and other key procurement functions Ability to understand, interpret, and negotiate complex legal contracts and service agreements. Experience with Technology-related contracts is preferred.

Ability to create, analyze, interpret and communicate policies and procedures while ensuring regulatory complianceExcellent verbal and written communication and presentation skillsAbility to utilize PC-based software programs, including the creation of spreadsheets, reports, and presentationsExperience leading and transforming processes and implementing best practicesDemonstrated ability to manage complex technology, risk and operational concerns effectively across a matrixed organization within stringent timelinesAdvanced stakeholder management and advanced collaboration skills