What are the responsibilities and job description for the Procurement Manager position at Safra National Bank?
Procurement Manager
About Safra National Bank
Safra National Bank of New York ("Safra National") is a nationally chartered U.S. Bank supervised by the Office of the Comptroller of the Currency and member of the Federal Reserve and the Federal Deposit Insurance Corporation (“FDIC”). Headquartered in New York, with locations in Florida, California, Massachusetts and representative offices in Brazil, Chile, Mexico and Panama, Safra National is a leading private bank with a devoted team of relationship managers serving many sophisticated U.S. and international high net worth clients, with a focus on Latin America. Job
Description:
Safra National Bank is seeking an experienced Procurement Manager for the following primary functions: (1) Oversee the inventory of third party legal agreements housed in the Bank’s vendor management system, including additions, expirations, renewals; (2) Ensure vendors are engaged who provide the most value to the organization after comparisons with alternate vendors; (3) Provide management level reporting of legal agreements, expense allocations by category of product and service; (4) Review the existing use of vendor services to determine cost saving opportunities, (5) Negotiate renewals / new contracts with vendors.
Responsibilities:
• Act as a subject matter expert in applying industry best practices for the procurement of products and services.
• Oversee vendor related expenses, including comparing payments made against contracts terms. • Research market sources and vendors to locate and ensure the most cost effective and competitive pricing for the purchase of supplies and services.
• Perform deep dive reviews into vendor related expenses to assess potential efficiency gains and cost savings.
• Utilize best practices to analyze large data sets to identify themes and trends for further review.
• Partner with key stakeholders, including Risk Management, Finance, Legal.
• Develop and conduct procurement training.
• Maintain the integrity of the Bank’s contract inventory through oversight, controls and attention to detail.
• Produce high quality reporting to clearly convey insights to senior management utilizing best practices in data visualization and highlighting key messages.
Qualifications and Competencies:
• 7 years Procurement experience.
• A proven history of managing vendors, contracts, expenses. • Ability to take a high level of responsibility in a high-volume environment.
• Motivated to constantly focus on process improvement and identify opportunities to assist colleagues and add value to the organization.
• Advanced written skills which embody professionalism and enable recipients to clearly understand the topics and messages being communicated.
• A passion for understanding and using technology to improve efficiencies, solve business problems and reduce manual processes.
• Ability to organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities.
• Highly skilled with Excel, Power Query, PowerPoint and ‘Storytelling with Data’.
• Excels at building relationships, networking and influencing others.
• Demonstrates curiosity.
• Knowledge of vendor services required to support core banking products and Broker / Dealer activities is preferred
