Buyer

Federal Reserve Bank of New York; Minneapolis (MN); On-site; USD 69,000 - 122,000; Full time

Benefits offered by this job

Healthcare options

401(k) match

PTO and holidays

On-site fitness facility

Professional development

Job summary

The Federal Reserve Bank of Minneapolis is seeking a Buyer or Senior Buyer to lead complex purchasing activities across a broad range of goods and services. The role focuses on strategic sourcing and partnering with diverse vendors to support Facilities procurement needs.

This on-site position requires strong data-driven decision making, competitive bidding, and collaboration with multiple departments. Salary offers reflect market data and internal equity.

Qualifications

• Bachelor's degree in Supply Chain Management or related field.
• Minimum four (4) years of broad-based procurement experience including sourcing and contract negotiations.
• Strong preference for background in facilities related procurements.

Responsibilities

• Manage procurement of complex materials, supplies, equipment, and services.
• Develop purchasing recommendations supported by data, price/cost analysis and financial analysis.
• Lead and manage competitive bidding processes, including RFIs, RFQs, and RFPs.
• Serve as liaison to departments, maintaining procedures for specialized procurement functions.
• Provide training to Bank staff on System and Bank procurement policies/procedures.
• Negotiate cost savings and secure favorable pricing with vendors.
• Identify and resolve complex procurement problems, escalate as needed.
• Lead onboarding of new vendors to procurement programs.
• Prepare clear correspondence and procedures for management and staff.
• Maintain technical proficiency in specialized procurement functions.

Skills

Procurement experience

Competitive bidding

Vendor management

Data analysis

RFIs/RFQs/RFPs

Education

Bachelor's degree in Supply Chain Management

Tools

Ariba

Job description

Company Federal Reserve Bank of Minneapolis When you join the Federal Reserve -the nation's central bank- you play a key role.

The Federal Reserve Bank of Minneapolis's Procurement Team invites applicants for a Buyer / Senior Buyer role. Join our team!

As a Buyer or Senior Buyer, you will lead and oversee complex purchasing activities for a wide range of goods and services, including strategic sourcing and partnering with small, women-owned, and minority-owned businesses. Your role will require you to serve as a key liaison between departments, with a particular focus on sourcing initiatives that support Facilities and related services in their sourcing and contracting needs. Additional responsibilities include resolving complaints, conducting market research and analysis, and contributing to division-wide programs, planning efforts, and projects. This position requires a regular on-site presence. This position does not sponsor any type of employment visas.

The posting is open at two levels: Buyer and Senior Buyer, there is only one vacancy, the position will be filled based on the needs of the team and the strength of the candidate pool.

Core Responsibilities for either level:

• Manage the procurement of complex or difficult-to-acquire materials, supplies, equipment, and services, ensuring compliance with the Federal Reserve System's Model Acquisition Guidelines (MAG) and Bank's Acquisition Policy
• Develop purchasing recommendations and decisions supported by data, including price/cost analysis, benefit analysis, and financial analysis
• Lead and manage competitive bidding processes, including creating RFIs, RFQs, and RFPs
• Serve as a liaison to one or more departments, maintaining procedures for specialized procurement functions, providing training to Bank staff on System and Bank procurement policies/procedures
• Act as a resource for vendors and Bank staff, including communicating and presentation at any level of the Bank or Federal Reserve System
• Negotiate cost savings and work with vendors to secure favorable pricing and services
• Identify and resolve complex procurement-related problems, escalating to management as needed varying by supervision level
• Manage a varied and unpredictable workload while meeting deadlines
• Lead highly visible projects, such as onboarding new vendors on new procurement programs
• Prepare clear, comprehensive correspondence, documentation, and procedures for use by management and staff
• Maintain technical proficiency in specialized procurement functions that are relevant to the role

To be considered at the Buyer level, the following are required qualifications:

• Bachelor's degree in Supply Chain Management, or a related field and minimum four (4) years of broad-based procurement experience including sourcing and contract negotiations.
• Strong preference for background in facilities related procurements.

Additional Responsibilities at the Senior Buyer level:

• Serves as an expert in a specialized area of Procurement (e.g., policy interpretation, p-card administration, contract administration, spend analysis/vendor management)
• Leads strategic sourcing initiatives for Facilities-related categories (construction, maintenance, capital projects)
• Provides leadership and training to other Procurement staff
• Leads projects and participates in System/District workgroups (leadership role, not just participation)
• Applies extensive knowledge of Procurement policy to create/maintain Bank procedures and provides input to System-level policy
• Resolves complex procurement problems with minimal supervision
• Leads end-to-end competitive bidding processes (broader ownership than Buyer level)
• Oversees vendor performance as part of project management
• May manage vendor relationships for on-site vendors
• Specialized function examples given vendor management, p-card training/reporting, spend analysis/compliance administration
• May serve as a technical expert for department applications

To be considered for the Senior Buyer role, the following are required qualifications:

• Bachelor’s degree in supply chain management, or a related field and minimum eight (8) years of extensive, broad based procurement experience.
• Experience to include sourcing, contract negotiations, project management and vendor relationship management.
• Strong preference for background in facilities related procurements.
• Desired but not required: Public sector procurement experience Ariba, or other e-sourcing tool experience Procurement certification(s)

Additional Information:

Salary information: The full salary range is for the job profile: I_910344 Buyer: $69,400 - $86,749 - $104,100. The expected starting salary range is $69,400 - $86,749. I_910345 Buyer, Senior: $81,200- $101,488 - $121,800. The expected starting salary range is $81,200- $102,000.00. Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Benefits:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more…

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Accounting/Finance Family Group Work Shift First (United States of America)

The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued. We provide equal employment opportunity to all persons, and we work together to pursue an economy that works for all of us.

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.

Why Our People Choose Us:

Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States -one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

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