Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The National Procurement Office (NPO) has an immediate opening for an IT Procurement Category Manager. In this role, you will forge value-added partnerships with stakeholders across the Federal Reserve System. Bringing your knowledge of market trends and experience negotiating complex transactions. You will lead the sourcing lifecycle, executing targeted sourcing strategies for business partners in the Technology product categories. You’ll collaborate across the NPO and with Legal and Vendor Management teams to develop contracts meeting stakeholder requirements and achieve organizational cost savings goals. You will work independently and serve as an ambassador for assigned business partners. You will use your experience and strategic sourcing best practices to balance value, demand management, risk reduction, supplier performance, and contract and category management.

What You Will Do:

• Build and maintain deep understanding of business priorities, risks and responsibilities for assigned Technology business lines to identify key strategic sourcing opportunities.

• Serve as NPO point of contact and a thought partner, communicating value-added recommendations and solutions leveraging current and future spend across the Federal Reserve System.

• Identify effective sourcing and category management strategies for the Technology category through a variety of procurement tools and best practices, including spend analysis, market analysis and business intelligence.

• Lead the sourcing lifecycle (requirements gathering, RFI, RFP, contract negotiation) for System-wide acquisitions of IT equipment, software licensing, consulting services, and other more complex Technology and service acquisitions in alignment with the System’s Model Acquisition Guidelines and the Richmond Fed's acquisition guidelines.

• Advance supplier diversity initiatives, increasing access, outreach, accountability, and education.

• Engage the Vendor Management organization in monitoring of vendor performance to ensure services meet or exceed expectations, taking feedback on vendor performance into account during current and future negotiations.

• Partner with key stakeholders to understand internal requirements, review supplier performance, and build sourcing and renewal strategies to achieve targeted savings goals.

• Collaborate across the NPO, leveraging NPO-developed analytics and reporting data to identify trends, contract consolidation and cost savings opportunities.

• Serve as an ambassador for the System Procurement Strategic Plan, fulfilling service-level commitments to stakeholders and the System procurement community.

• Collaborate with Legal to develop and refine contracts.

Qualifications:

• Bachelor’s degree in business administration, supply chain management, accounting / finance, or related discipline; Preferred

• Minimum 3 years of strategic sourcing/procurement experience, project management and contract negotiation experience.

• Experience in a Category Management driven procurement organization.

• Experience drafting Statements of Work (SOWs) for professional and advisory services.

• Proven track record of delivering value through successful contract negotiations.

• Experience working collaboratively and supporting multiple sourcing initiatives.

• Experience managing and maintaining strong supplier relationships.

• Experience using procurement data to identify strategic opportunities to improve value.

• Experience providing consultative sourcing support to internal stakeholders.

• Outstanding interpersonal, customer relationship and communication skills

• Proven ability to be a self-starter and drive for results with minimal supervision.

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct (https://www.richmondfed.org/-/media/richmondfedorg/about_us/careers/pdf/code_of_conduct.pdf?WT.si_n=Search&WT.si_x=3) to ensure compliance with conflict of interest rules and personal investment restrictions.

• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org .

• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

• Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.

The hiring range of the position is:

• Analyst - Contracting & Sourcing - Intermediate is $69,500 - $95,590 annually .

• Analyst - Contracting & Sourcing - Senior is $86,600 - $119,300 annually.

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

• The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.

• Interested candidates are strongly encouraged to apply by July 15, 2024. Applications are reviewed on a rolling basis.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Procurement/Vendor 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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.