Senior Vice President, Procurement

TrendingJob Description To lead and provide strategic oversight for the Procurement and Vendor Management department including acquisition planning, contract negotiations, and contract administration/management, to include third-party risk management for Navy Federal Credit Union. To align the Navy Federal Credit Union Procurement strategy with the business strategy and advance the business strategy with strategic use of vendors.Responsibilities Provide visionary leadership and direction to the Procurement and Vendor Management department, inspiring a culture of excellence, collaboration, and continuous improvement Provide strategic recommendations to the COO/CEO, and senior executive leadership, regarding the organizations procurement, third-party management operations, including budget forecasting and projections, operational risk, and compliance with regulatory requirements Define, execute, and oversee procurement and vendor management strategy including demand forecasting, acquisition planning, procurement, and contract administration to ensure resource requirements are satisfied while driving to the best value to reach enterprise strategic goals Drive strategic direction for the acquisition planning, procurement, and contract administration of credit union products, services, real estate property and capital purchases; oversee vendor/contract management system to ensure products, services, and quality meet and/or exceed expectations and contract requirements; and work with stakeholders to address deficiencies in contract performance Establish and set long-term organizational strategy and goals, objectives, policies, and operating procedures; partner with senior managers/executives to help them meet their responsibilities for program effectiveness; implement improvements, as needed Partner with business leaders to drive ROI on strategic partnerships Establish credibility throughout Navy Federal, and with the Board of Directors, as an effective spokesman for their area of responsibility, and enabler, in collaboration with the business units, of financial solutions for business challenges Direct the execution of procurement and third-party management activities via clearly articulated governance processes ensuring compliance with legal requirements and Navy Federal policies and in conformance with external expectations as appropriate including, NCUA, CFPB, FFIEC, industry rules and fundamental principles, direct policy, and process changes in accordance with legal and external expectation changes Oversee Third Party Risk Management (TPRM) Program and maintain Navy Federals Key Service Provider List; liaise with Information Security and other stakeholders to ensure enterprise data safety and integrity Analyze procurement vendor performance trends and Navy Federals business plan to devise strategies for the acquisition and implementation of critical automated systems, policies, and personnel requirements, including end-of-life planning Collaborate with regulatory examiners and internal/external auditors; respond to inquiries and findings Determine and review operational risks and gaps in departmental performance, establish departmental performance metrics and benchmarks, and ensure appropriate improvements are initiated and managed Provide positive leadership to the Procurement and Vendor Management department through teaching, training, continuing education, employee engagement, succession planning, and mentorship programs Liaise with Navy Federals external and internal key decision makers to improve organizational performance Review departmental effectiveness of operational processes, analyze trends, and report on opportunities for improved efficiencies Perform supervisory and managerial responsibilities as leader of the departmentoSet direction to ensure goals and objectives align with corporate strategyoManage talent development and succession planningoCollaborate with executive colleagues to develop and execute corporate initiatives and department strategyoOversee the preparation and execution of the departments component of the Annual Financial Plan and budgetoManage merit pay in accordance with specified objectives and guidelines Perform other duties as assignedQualifications Extensive experience in contracting and contract/vendor management at a decision-making level that demonstrates the ability to plan, organize, coordinate, and control an organization responsible for complex procurement functions Significant experience in senior leadership within procurement and vendor management, demonstrating leadership ability with a focus on inspiring and motivating teams to achieve excellence Working knowledge with guidelines published by regulators (NCUA, CFPB, etc.) Extensive experience implementing strategic initiatives to support organizational objectives Extensive experience in driving change management and influencing organizational culture and values Extensive experience in managing cross-functional, multi-dimensional teams and projects of the highest complexity which have business risk and impact Extensive experience in managing multiple priorities independently and/or in a team environment Extensive experience in demonstrating thought-leadership, initiative taking, decision-making and creativity in solving business problems Extensive experience in identifying relevant analytical problems, determining appropriate diagnostic methods, and solving unique and complex issues/problems Advanced written and verbal communication skills, with the ability to articulate complicated concepts clearly and persuasively Expert skill in understanding and navigating complex interpersonal dynamics effectively to overcome challenges Expert analytical/quantitative, reconciliation and deductive reasoning skills Advanced skill leading with diplomacy and tact while maintaining appropriate assertiveness and persistence Expert skill in being adaptive/flexible; acquire, recognize & apply new information Expert skill in results-oriented leadership in a challenging environment Expert skill influencing and building consensus with business partners Masters degree in Business Administration, Juris Doctorate or related field, or the equivalent combination of education, training and experienceHours: Monday - Friday, 8:00AM - 4:30PMJob postings are subject to close early or extend out longer than the anticipated closing date at the hiring teams discretion based on qualified applicant volume.About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.Best Companies for Latinos to Work for 2024Computerworld Best Places to Work in ITForbes 2023 The Best Employers for New GradsFortune Best Workplaces for Millennials 2023Fortune 100 Best Companies to Work For 2024Military Times 2023 Best for Vets EmployersNewsweek Most Loved WorkplacesRipplematch Campus Forward Award - Excellence in Early Career HiringYello and WayUp Top 100 Internship ProgramsEqual Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityHybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring teams discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.#J-18808-Ljbffr

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