Procurement Manager

Safra National Bank; New York (NY); On-site; USD 95,000 - 138,000; Full time

Job summary

An established industry player is seeking a Procurement Manager to lead vendor management and contract negotiations. This role involves overseeing third-party agreements, conducting market research for competitive pricing, and producing insightful reports for management. The ideal candidate will have a strong background in procurement, excellent analytical skills, and the ability to foster relationships across departments. Join a dynamic team committed to process improvement and efficiency in a fast-paced banking environment, where your contributions will significantly impact operational success.

Qualifications

• 7+ years of procurement experience required.
• Ability to manage vendors and contracts effectively.
• Advanced written skills for clear communication.

Responsibilities

• Oversee vendor contracts and expenses, ensuring compliance.
• Conduct market research for cost-effective purchasing.
• Produce high-quality reports for senior management.

Skills

Procurement Management

Vendor Management

Contract Negotiation

Data Analysis

Process Improvement

Relationship Building

Excel

Power Query

PowerPoint

Education

Bachelor's Degree

Tools

Excel

Power Query

PowerPoint

Job description

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.

• Knowledge of vendor services required to support core banking products and Broker / Dealer activities is preferred

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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