Company

Federal Reserve Bank of New YorkWorking 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 delivers innovative, impactful solutions that foster the Bank’s ability to meet our mission. Procurement Value Management (PVM) maximizes value for the Bank by reducing the total cost of ownership of goods and services procured from third parties, managing vendor-related spend as a strategic resource, supporting the governance of vendor relationships using a risk-adjusted and advisory approach, and enhancing our services for our clients to support their objectives. The Non-IT Sourcing team is a collaborative group with procurement backgrounds spanning many different industries, including finance, manufacturing, consulting, insurance, real estate, logistics, and benefits. The role reports to the Director of Non-IT Sourcing and Purchase Order Operations.

Your role as a Non-IT Sourcing Lead:

You will manage a portfolio of Real Estate (facilities and engineering/construction), Cash Services, and Business Services spend categories and the associated business relationships.  You will serve as an important individual contributor on a team responsible for developing and improving sourcing strategies that maximize value and minimize risk for the Bank. You will also:

• Manage the strategic sourcing lifecycle for acquisitions for the categories mentioned above: partner with Subject Matter Experts, define scope and requirements, conduct the competitive bidding process, lead vendor evaluation and negotiation of pricing and contract terms
• Apply industry expertise in implementing sourcing strategies to support our goals
• Create sourcing insights based on analysis of vendor spend, renewal and contract information and market research
• Advance client engagement efforts Bank wide and build strong relationships across multiple organizations
• Support advancement of Bank supplier diversity initiatives
• Adopt new procurement technology across spend analysis, sourcing and contracts, and supplier risk modules
• Drive category-specific planning efforts, for example facilities services, engineering, construction, food services, travel, professional services

What we are looking for:

• Strong experience in real estate and business services (or comparable) strategic sourcing and contracting
• Expertise in spend analysis, market analysis, RFx evaluation, and contract negotiation
• Experience leading projects and process improvement, ensuring compliance with Bank policies
• Bachelor’s degree in business, finance, supply chain management, or related field

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Procurement/Vendor Management

Work Shift

First (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.

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