Senior Program Manager, Supplier Management

Posted 12 Hours Ago
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Rockville, MD
108K-236K Annually
0 Years Experience
Financial Services
The Role
The Senior Program Manager, Supplier Management oversees supplier relationships and processes, evaluates supplier risk, and ensures compliance with standards. The role involves managing onboarding/offboarding, partnering with departments, developing supplier policies, and analyzing supplier performance for strategic decisions.
Summary Generated by Built In

The Senior Program Manager, Supplier Management is responsible for overseeing supplier relationships and supplier-related processes for the enterprise. This includes evaluating and managing supplier risk, overseeing onboarding and offboarding activities, and maintaining and enforcing policies and procedures to ensure the company’s supply chain is efficient, reliable, and compliant with internal standards and regulatory requirements. This role will collaborate with various departments to address risk mitigation strategies appropriately and manage vendor relationships.

Essential Job Functions:

  • Develops, implements, and oversees FINRA’s full-cycle supplier management processes, practices, and standards to measure supplier/contract performance, ensure compliance with requirements, and manage resource utilization for the enterprise.
  • Oversees the supplier onboarding and offboarding processes, to include:
  • For onboarding, ensuring all new suppliers meet company standards and regulatory requirements. Coordinates with procurement, legal, technology, and compliance teams to ensure all necessary information is obtained and verified. Implements and manages a supplier onboarding checklist and process workflow. Ensures effective and efficient communication with suppliers and business constituents throughout the onboarding process.
  • For offboarding, ensuring a smooth transition and minimal disruption to the business operations. Ensures all necessary documentation and compliance checks are completed before terminating supplier relationships. Works with relevant departments to transfer or close out any outstanding supplier obligations.
  • Builds strong partnerships with key business stakeholders, compliance teams, and suppliers of a full range of goods and services from equipment to software and cloud services, to ensure long-term collaboration and mutual success. Ensures that all relevant supplier data from various business stakeholders is centralized and easily accessible. Serves as the primary point of contact for supplier-related inquiries and issues, cultivating a positive working relationship with suppliers.
  • Develops and implements effective and efficient supplier management policies and procedures to align with industry best practices, company needs, and regulatory requirements. Ensures all supplier management activities comply with internal policies and external regulations. Provides training and guidance to internal teams on supplier management procedures.
  • Identifies, assesses, and mitigates risks associated with suppliers, monitors supplier performance and compliance with company standards, conducts regular risk assessments and audits of key suppliers, and collaborates with cross-functional teams to address supplier-related issues and risks.
  • Develops supplier performance metrics and reporting tools, utilizing data to identify trends, issues, and enhancement opportunities. Presents findings and recommendations to senior leadership on supplier performance, risks, and opportunities and advises business leadership on procurement strategy based on analysis.

Other Responsibilities:

  • Other duties as assigned.

Education/Experience Requirements:

  • Bachelor’s degree in a business management area of study, or equivalent combination of education and relevant work experience.
  • Minimum of eight (8) years of experience in procurement, vendor management, and strategic sourcing. PMP certification, a plus.
  • Excellent analytical skills.
  • Strong interpersonal and communication skills.
  • Demonstrated ability to work with internal and external constituents, managing progress and achieving goals Ability to manage multiple competing projects and priorities.
  • Flexible, adaptable, and innovative in a changing environment.

Working Conditions:

  • Hybrid office conditions; some onsite work and travel required.

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 $124,300, Maximum Salary $235,500

CO/HI/MN/VT*: Minimum Salary $108,200, Maximum Salary $196,200

IL*: Minimum Salary $119,200, Maximum Salary $215,900
Jersey City, NJ/NY, NY: Minimum Salary $129,800, Maximum Salary $235,500

MD/Washington, DC: Minimum Salary $124,300, Maximum Salary $225,700

WA: Minimum Salary $108,200, Maximum Salary $225,700

*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.

Please note: If the “Apply Now” button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.

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. 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 and many other benefits. 

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 (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.

©2020 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc.

The Company
Atlanta, GA
5,123 Employees
On-site Workplace
Year Founded: 2007

What We Do

FINRA is dedicated to investor protection and market integrity. Our team of highly trained professionals are passionate about protecting investors and ensuring financial markets remain fair by writing and enforcing the critical rules and regulations that govern more than 3,700 firms and 630,000 brokers across the country. Our ultimate goal is to foster robust, but fair and orderly, markets in which America’s 90 million investors can feel confident.

With more than 3,500 employees nationwide, FINRA is committed to a diverse, high-performance workplace. We recognize that it’s the hard work, passion and dedication of our team that makes FINRA the strong, successful organization it is. That’s why we offer a competitive compensation, benefits and services package.

And at FINRA, we offer more than just a job; we provide employees with the learning and educational tools needed to enhance their knowledge, talents and abilities—whether it’s an online course to enhance productivity or a seminar to maximize leadership skills.

At FINRA, we believe your work can be your passion.

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