Director of Procurement

Company
Federal Reserve Bank of Boston
The Director of Procurement leads the Federal Reserve Bank of Boston's procurement functions in support of the Federal Reserve Bank's varied business initiatives and ongoing operations. The director leads the development and administration of sourcing practices and processes, in line with established guidelines, and will serve as a senior point of contact for each business line while delegating day-to-day management of sourcing, contracting, set-up, renewal, and other activities to a team of sourcing specialists and procurement analysts that work in collaboration with other support functions as well as the contracting business lines.
The person filling this role will own the development of partnerships with the National Procurement Office (NPO), Legal Department, the Office of Diversity, Equity and Inclusion (ODEI), and various business line stakeholders to ensure successful execution. This role will be responsible for designing and supporting practices that generate cost savings, support the identification of a diverse pool of suppliers, assist in the consistent measurement of vendor risks, efficiently leverage technology and central groups to meet goals, and achieve desired results for stakeholders in regard to product delivery. The incumbent will be an individual who thrives in both setting direction for a team and also jumping in with the team and stakeholders in a hands-on manner to achieve goals as needed. The incumbent will also play an important role in coordinating spend stewardship efforts with the Bank's Financial Planning & Analysis and Accounting departments.
The person filling this role will own the development of partnerships with the National Procurement Office (NPO), Legal Department, the Office of Diversity, Equity and Inclusion (ODEI), and various business line stakeholders to ensure successful execution. This role will be responsible for designing and supporting practices that generate cost savings, support the identification of a diverse pool of suppliers, assist in the consistent measurement of vendor risks, efficiently leverage technology and central groups to meet goals, and achieve desired results for stakeholders in regard to product delivery. The incumbent will be an individual who thrives in both setting direction for a team and also jumping in with the team and stakeholders in a hands-on manner to achieve goals as needed. The incumbent will also play an important role in coordinating spend stewardship efforts with the Bank's Financial Planning & Analysis and Accounting departments.
This job is eligible for a hybrid schedule with some on-site work expected.
Functional Area Duties & Responsibilities:

• In collaboration with the CFO, defines procurement strategy and success metrics.
• Coordinates with the NPO, Legal Department, ODEI, and business line stakeholders to ensure processes are designed to support success and are operating as intended.
• Ensures that all procurement activities are conducted in line with relevant policies and procedures through a mix of established processes, regular consultations, and educational outreach that support a strong shared control environment. Leads response to related audit and oversight inquiries.
• Develops and provides timely communication/reporting on procurement pipeline needs and progress to support resource planning and stakeholder communications, and to measure team success.
• Coordinates with business lines and risk managers across the organization to ensure meaningful assessments of vendor risk during the procurement process.
• Tracks progress across a variety of initiatives, ensuring timely responses to stakeholder needs, and resolving issues that impede team progress.
• Represents the Federal Reserve Bank in System-level strategic discussions related to high priority objectives, sourcing approaches, operations and technology needs, and makes proposals to improve policies and practices, where gaps are identified.
• Actively identifies opportunities to connect the dots between procurement and other finance disciplines and shares information freely and in a productive manner with peers to support full finance team success.
• Serves as a strong coach and mentor to managers and senior staff on the team and promotes a high level of team engagement. Creates a staffing model with the right mix of skills to support success and professional growth.
• Contributes to the Local Financial Management Division leadership through broader strategic planning, Division meeting planning, salary planning, policy setting, and other efforts.

What you will bring to this role:

• A Bachelor's degree in finance, accounting, business administration, or a related field. A Master's degree is preferred.
• 8+ years of experience in a procurement, purchasing, contracting, or related role. Strong history of success in operations and compliance roles with a heavy stakeholder focus will also be considered.
• 5+ years leadership experience managing professional teams.
• Proven leadership skills and ability to develop staff.
• Strong collaborator, ability to engage effectively with other teams and technical experts.
• Experience in Risk, Legal, Budgeting, and/or PMO a plus
• Industry knowledge or technical expertise related to a key business line or support function (e.g. Payment Systems, Real Estate, HR) a plus
• Strong relationship management and coordination skills needed to interface with internal staff and stakeholders across internal organization as well as with external vendors.
• Ability to effectively handle and resolve disputes.
• Data-savvy with some understanding of financial modeling. Knowledge of typical incentive and pricing structures for externally procured services a plus.
• Excellent communication, negotiation, and influencing skills.

Logistics & Requirements:

• Ability to work independently and effectively whether on a remote basis or in an office environment.
• Travel as needed, up to 10%.
• Residence within the Federal Reserve First District / New England area required, and within a commutable distance to Boston.
• Ability to perform office duties such as using a computer keyboard.
• Work involves sitting most of the time but may involve going to other offices and meeting rooms when in office.
• Ability to work in demanding situations and handle multiple priorities.
• Minor lifting and carrying (less than 5 pounds).

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/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.
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