Senior Vice President, Procurement - Vienna, United States - Navy Federal Credit Union

Description

Job 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 organization's 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 Federal's 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 Federal's 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 Federal's 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 department
o Set direction to ensure goals and objectives align with corporate strategy
o Manage talent development and succession planning
o Collaborate with executive colleagues to develop and execute corporate initiatives and department strategy
o Oversee the preparation and execution of the department's component of the Annual Financial Plan and budget
o Manage merit pay in accordance with specified objectives and guidelines

• Perform other duties as assigned

Qualifications

• 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
• Master's degree in Business Administration, Juris Doctorate or related field, or the equivalent combination of education, training and experience

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume.

About Us

You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

• Best Companies for Latinos to Work for 2024
• Computerworld Best Places to Work in IT
• Forbes 2024 America's Best Large Employers
• Forbes 2023 The Best Employers for New Grads
• Fortune Best Workplaces for MillennialsTM 2023
• Fortune Best Workplaces for Women TM 2023
• Fortune 100 Best Companies to Work For 2023
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs

Equal 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/Disability

Hybrid 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 team's 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.