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Director of Sourcing
$212k-269k (estimate)
Full Time | Securities
1 Week Ago
Federal Reserve Bank of New York is Hiring a Director of Sourcing Near New York, NY
CompanyFederal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Corporate Group is dedicated to being a trusted, strategic business partner to clients Bank wide. The Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission. The Corporate Group is aligned across its functions to provide superior services and value-added resource and financial management that seamlessly support our clients' and the Bank's objectives.
As part of the Procurement Value Management (PVM) Function, the IT Sourcing team’s primary objective is developing and implementing sourcing and category management strategies through a variety of procurement tools and best practices including spend analysis, market analysis and business intelligence, requirements gathering, and relationship management. IT Sourcing builds relationships with Bank and System stakeholders and suppliers. In addition, IT Sourcing supports the full strategic sourcing lifecycle (business strategy, technical requirements, RFXs, supplier evaluation, and contract negotiations) on all relevant acquisition activity. In addition, the IT Sourcing team supports the advancement of Bank supplier diversity initiatives.
Your role as Director of IT Sourcing:
If you are an experienced, strategic, and innovative procurement / sourcing leader with an inclusive leadership style, we invite you to apply for the Director of IT Sourcing position! In this highly visible role across the Bank and Federal Reserve System, the position will lead category management and sourcing strategy teams for IT related spend across the Bank coupled with creating and expanding deep and impactful partnerships with Bank and System key stakeholders. The role will require you to establish and implement a client engagement framework to optimize procurement influence, and provide procurement subject matter expertise on complex, high-risk acquisitions that have a significant impact on achieving Bank objectives. In addition, the role will require you to champion and maintain relevant policies and procedures, provide proactive coaching and leadership to a team of procurement professionals while identifying and executing departmental process improvement initiatives.
You will also bring a highly collaborative enterprise mindset, proactively engaging with colleagues across the Procurement Value Management teams and leaders throughout the Bank and System, driving accountability and leadership in advancing towards the desired outcomes.
Responsibilities:
Applicants are kindly requested to include a letter of interest along with their application.
Salary Range: $240000 - $310000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryProcurement/Vendor Management
Work ShiftFirst (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Corporate Group is dedicated to being a trusted, strategic business partner to clients Bank wide. The Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission. The Corporate Group is aligned across its functions to provide superior services and value-added resource and financial management that seamlessly support our clients' and the Bank's objectives.
As part of the Procurement Value Management (PVM) Function, the IT Sourcing team’s primary objective is developing and implementing sourcing and category management strategies through a variety of procurement tools and best practices including spend analysis, market analysis and business intelligence, requirements gathering, and relationship management. IT Sourcing builds relationships with Bank and System stakeholders and suppliers. In addition, IT Sourcing supports the full strategic sourcing lifecycle (business strategy, technical requirements, RFXs, supplier evaluation, and contract negotiations) on all relevant acquisition activity. In addition, the IT Sourcing team supports the advancement of Bank supplier diversity initiatives.
Your role as Director of IT Sourcing:
If you are an experienced, strategic, and innovative procurement / sourcing leader with an inclusive leadership style, we invite you to apply for the Director of IT Sourcing position! In this highly visible role across the Bank and Federal Reserve System, the position will lead category management and sourcing strategy teams for IT related spend across the Bank coupled with creating and expanding deep and impactful partnerships with Bank and System key stakeholders. The role will require you to establish and implement a client engagement framework to optimize procurement influence, and provide procurement subject matter expertise on complex, high-risk acquisitions that have a significant impact on achieving Bank objectives. In addition, the role will require you to champion and maintain relevant policies and procedures, provide proactive coaching and leadership to a team of procurement professionals while identifying and executing departmental process improvement initiatives.
You will also bring a highly collaborative enterprise mindset, proactively engaging with colleagues across the Procurement Value Management teams and leaders throughout the Bank and System, driving accountability and leadership in advancing towards the desired outcomes.
Responsibilities:
- Leads staff in delivering category management and sourcing strategies across IT related spend
- Apply and foster the use and ownership of procurement tools and best practices
- Build deep and influential relationships with stakeholders, including Bank business line clients and partners (i.e., Legal, Compliance, Information Security), other Federal Reserve System and industry counterparts, and suppliers
- Champion and maintain all relevant policies, procedures, metrics and measures
- Manages department that includes experienced professionals
- Sets the vision and develops strategy for the long-term achievement of results
- Has direct budget influence and accountability for their area of responsibility
- Communicates with those within and outside their area of responsibility as well as external parties (like customers or vendors or System and Board counterparts)
- People leader with strong experience in procurement or strategic sourcing and demonstrated ability to think strategically and plan effectively
- Exceptional and authentic communicator with the ability to articulate complex ideas clearly and concisely
- Demonstrated success in building high-performing teams with diversity of perspective and thought while driving process improvements and automation
- Proven ability to coach, lead and develop others to achieve their professional best while building diverse teams and creating an inclusive culture
- Exceptional collaboration & influencing skills with the ability to gather support for business initiatives and strategies across multiple partners with diverse or different interests
Applicants are kindly requested to include a letter of interest along with their application.
Salary Range: $240000 - $310000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
- Fully paid Pension plan and 401k with Generous
- Match Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
- Subsidized Public Transportation Program
- Tuition Assistance Program
- Onsite Fitness & Wellness Center
- Executive Benefits
- And more
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryProcurement/Vendor Management
Work ShiftFirst (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Job Summary
JOB TYPE
Full Time
INDUSTRY
Securities
SALARY
$212k-269k (estimate)
POST DATE
09/09/2024
EXPIRATION DATE
10/13/2024
WEBSITE
newyorkfed.org
HEADQUARTERS
NEW YORK, NY
SIZE
3,000 - 7,500
FOUNDED
1914
TYPE
NGO/NPO/NFP/Organization/Association
CEO
WILLIAM C DUDLEY
REVENUE
$1B - $3B
INDUSTRY
Securities
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About Federal Reserve Bank of New York
New York Fed is a community bank that provides banking and financial services for corporate and retail customers.
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