Director, Procurement and Supplier Management

The Corporate Purchasing Director is responsible for leading the procurement strategy of the organization, managing supplier relationships, and ensuring the efficient acquisition of goods and services necessary for the organization’s operations. This role oversees a team of procurement and asset management staff. It requires strong leadership, strategic planning, and a deep understanding of procurement processes that drive cost savings, optimize supplier performance, and ensure that procurement activities support the company’s overall goals.

Essential Job Functions:

Strategic Procurement Planning

• Work with multiple stakeholder organizations across the company to understand and forecast their procurement needs and establish long-term procurement plans that align with the company’s objectives.
• Build collaborative relationships with departments that support end users’ hardware and software needs.
• Communicate procurement strategies, policies, and performance to senior management.
• Represent the procurement function in cross-functional meetings and initiatives.
• Contract Management.
• Direct cross-functional cooperation between onboarding organizations such as Legal, Information Security, Data Privacy, and Records Management to ensure efficient and compliant contracting processes.
• Manage contract renewals, amendments, and terminations in a timely manner.

Supplier Management

• Direct all activities related to supplier onboarding, ensuring compliance with company standards.
• Ensure that the Corporate Purchasing team establishes and maintains strong relationships with key suppliers, negotiating favorable terms, pricing, and contracts.
• Direct the monitoring and evaluation of supplier performance based on key metrics such as quality, delivery, cost-effectiveness, and risk.
• Identify and mitigate risks related to supply chain disruptions and supplier dependency.
• Lead supplier development initiatives to improve supplier capabilities and performance.
• Ensure that FINRA maintains a strong supplier diversity program that reflects our values for diversity, equity, and inclusion.
• Team Leadership and Development.
• Lead, mentor, and develop a high-performing procurement team.
• Foster a collaborative, service-oriented team environment.
• Ensure that team capabilities align with performance expectations; identify skill gaps and implement training opportunities to enhance skills.
• Continuously assess and improve procurement processes, system, and tools to enhance team efficiency and effectiveness.

Education/Experience Requirements:

• Bachelor’s degree in business administration or a related field.
• Professional certifications, such as CPSM or CPCM is a plus.
• Minimum of 10 years’ experience in procurement and supplier management with at least 5 years in a leadership role.
• Strong negotiation, contract management, and supplier management skills.
• Innovation minded with a proven track record of initiating and achieving process improvements in a complex organizational environment.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
• Proficiency in Microsoft Office suite. Workday and Dynamics experience preferred.

Work Conditions:

• Hybrid work conditions with the opportunity to work from home with some on-site presence required.
• Extended hours and travel may be required on occasion.

For work that is performed in CA, CO, HI, MN, VT, IL, Jersey City, NJ, NY, NY, MD, Washington DC, and WA the chart below outlines the proposed salary range for the corresponding location. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate’s skill set, level of experience, education, and internal peer compensation comparisons.

CA: Minimum Salary $146,200, Maximum Salary $296,100

CO/HI/MN/VT*: Minimum Salary $127,300, Maximum Salary $246,600

IL*: Minimum Salary $139,800, Maximum Salary $271,400

Jersey City, NJ/NY, NY: Minimum Salary $152,700, Maximum Salary $296,100

MD/Washington, DC: Minimum Salary $146,200, Maximum Salary $283,800

WA: Minimum Salary $127,300, Maximum Salary $283,800

*Including positions performed outside the state but reporting to an office or manager in that state.

Candidates can expect salary offers that range from the minimum to the mid-point of the salary range. FINRA provides full pay ranges so that the candidate can consider their growth potential while at FINRA.

#LI-Hybrid

To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.

The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.

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FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's Employee Relations team at 240.386.4865 or by email at [email protected]. Please note that this process is exclusively for inquiries regarding application accommodations. 

Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law. As part of its dedication to employee wellness, FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.

Time Off and Paid Leave*

FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days, unless otherwise required by law (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.

*Based on full-time schedule

Important Information

FINRA’s Code of Conduct imposes restrictions on employees’ investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code’s investment and securities account restrictions, and new employees must comply with those investment restrictions—including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice President—by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

You can read more about these restrictions here.

As standard practice, employees must also execute FINRA’s Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company’s policy on nepotism.

Search Firm Representatives

Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.

FINRA is an Equal Opportunity and Affirmative Action Employer

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person’s relatives, friends or associates.

FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.

FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.

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