Company

Federal Reserve Bank of St. LouisOverview

Financial Management & District Procurement secures acquisition contracts for both goods and services on behalf of the Bank. As a Contract Procurement Specialist, you will report to the Senior Manager of District Procurement and work with a supportive team that works with multiple departments to support their acquisition needs.

Responsibilities

• Support and then lead the sourcing lifecycle (requirements gathering, RFI, RFP, contract negotiation) for Bank purchases according to purchasing guidelines.

• Become and operate as a business line partner for all procurement activities including industry analysis, supplier sourcing, developing bidding events, and contracting.

• Collaborate with our business partners and develop an understanding of their goals, risks, and responsibilities to identify strategic sourcing and contracting opportunities.

• Evaluate and negotiate the service level terms, pricing and other contractual risks associated with complex contracts.

• Manage up to 10-12 different project requests in-process at any given time.

• Partner with Vendor Management in the monitoring of vendor performance to ensure the receipt of quality goods and services.

• Partner with key stakeholders to understand internal requirements, review supplier performance, and build sourcing and renewal strategies.

• Develop strategies and tactics to optimize contract negotiation with suppliers.

• Advance supplier diversity goals through increasing access, outreach, and education.

• Collaborate with our Legal team to develop and refine contracts.

• Be an ambassador to the private sector for businesses interested in learning more about the Federal Reserve or those interested in doing business with the Bank.

Qualifications

• Bachelor’s degree within Business Administration or related field or commensurate experience

• 4+ years of procurement or project management experience with a services-focused organization

• In-depth understanding of the end-to-end procurement process

• Familiarity with ARIBA or other procurement software preferred

• Advanced skills in Microsoft excel (can maintain complex spreadsheets)

• Produce written material to sufficiently communicate at all levels of our organization

• Travel (5%)

• Candidates with less experience may be considered at a lower job grade or salary.

Total Rewards

Bring your passion and expertise, and we’ll provide the opportunities to challenge you and propel your growth—along with multiple benefits and perks that support your health, wealth, and life.

Salary: $77,600-$99,000

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

• 401k/Thrift Plan with generous employer match

• Employer-funded Pension Plan

• Paid Vacation/Sick Time & Holidays

• Flexible Spending Accounts and Healthcare Spending Accounts

• Flexible Work Schedule available in most departments

• Life Insurance and Long Term Disability Insurance

• Tuition Reimbursement (undergraduate and graduate)

• Parental Leave

• Free onsite 24/7 Fitness Center including training classes, and locker room / shower facilities

• Onsite Cafeteria & Coffee Shop

• Additional Convenience Benefits, Discounts and More…

At the Federal Reserve Bank of St. Louis, we are committed to a strong and resilient economy for all. We prioritize inclusion and strive to be a workplace where all employees can thrive. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer. #LI-Hybrid

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Other

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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