Responsibilities
Job Description
- Establishes, maintains, and ensures execution of policies, directives, procedures, and other work instructions associated to procurement processes that provide synergy to a complex environment while driving overall efficiencies and improved compliance.
- Develops and ensures the execution of standards, controls and performance metrics to effectively and efficiently manage the acquisition, management and reporting of spend across the firm.
- Ensures the allocation of resources is consistent with long-term business objectives.
- Develops effective partnerships with business unit management and other functions to develop and refine long-term strategies to ensure products and services meet changing business and marketplace conditions.
- Leads the development, implementation, and alignment of sourcing strategies and supplier capabilities for all products, services and strategic initiatives that complement and support key business objectives.
- Leads, either individually or with team members, sourcing initiatives ranging from $1M-$10M+ in annual spend from pre-RFP requirements definition through post purchase/implementation supplier performance reviews.
- Ensures the execution of all procurement strategies; including market and financial analyses, supplier management, contract management, strategic sourcing, standardized procurement tools (e-Procurement, e-Sourcing, spend analytics, contract management, and vendor management) and leading-edge reporting.
- Creates and communicates supplier metrics and/or scorecards which are linked to contractual business requirements and Service Level Agreements (SLAs).
- Established formalized supplier/vendor management practices and engages in periodic supplier performance reviews with management of strategic suppliers and the business stakeholders based on an understanding of the Total Cost of Ownership over the lifecycle of both products and services.
- Oversees all third-party supplier relationships tied to financial services regulatory requirements including documentation and systems for satisfactory audits.
- Assist in the tracking of Procurement performance to operating plans, budgets, and forecasts.
- Manage the selection, retention, evaluation and development of key and diverse suppliers used to provide the goods and services needed by the firm.
- Performs human resource management activities, including interviewing and selecting staff; coaching and mentoring; identifying training needs; creating development plans; leading and evaluating the work of assigned staff to build and sustain a high performing team.
- Serve as interim leader in the absence of the Vice President of Procurement.
- Performs other duties and responsibilities as assigned.
Knowledge, Skills, And Abilities
Knowledge of
- Strategic sourcing and procurement processes, policies, governance, and compliance mechanisms.
- Supplier relationship management/vendor management inclusive of forming strategic partnerships and managing to requirements for regulatory compliance.
- Supplier Diversity program and practices
- Outsourcing and off shoring in order to define and execute a strategic program to leverage these resources.
- Change management.
- Organizational working structure, policies, mission and strategies.
- Project management methodology.
- Financial markets, their products and services and corresponding regulations.
- Performance management.
Skill in
- Building procurement organizations and implementing procurement best practices, including supplier selection via RFI/RFQ/RFP, negotiations, contracting, performance evaluation, management and development.
- Provide leadership, directions, and influence for internal and external stakeholders.
- Motivating, mentoring and leading others.
- Thinking critically and structuring analysis to solve poorly defined problems.
- Negotiating enterprise-wide agreements that accommodate current and future business objectives, financial/accounting principles, and industry leading practices.
- Establishing personal credibility.
- Interpreting and applying policies and procedures.
- Establishing departmental objectives.
- Identifying trends and implementing appropriate corrective action.
Ability to
- Benchmark the organization’s current state and develop plans for leading the organization to higher levels of maturity in ways that are consistent with both the company culture and financial industry performance metrics.
- Establish a consistent methodology for managing supplier performance, assessing and mitigating risk, driving continuous improvement and developing high-quality supplier relationships.
- Represent organizational business needs to a diverse supply base.
- Work and drive change in complex team, growth and entrepreneurial environments.
- Interface, influence, articulate, and present at the highest corporate levels inside and outside of the company.
- Comprehend the big picture and communicate a clear visionary business plan.
- Convert complex ideas into real executable action steps, with a focus on results.
- Build diverse teams of all sizes and manage them appropriately, while remaining open to feedback and opinions.
- Work independently or lead team(s).
- Communicate effectively, both orally and in writing, with all organizational levels, including senior management.
- Lead meeting and contribute to team efforts by ensuring all relevant information is included in the outcomes.
- Perform human resource management activities.
- Plan, assign, monitor, review, evaluate and lead the work of others.
- Identify training needs and develop subordinates.
- Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.
- Solicit and respond customer feedback related to group performance.
Education
Bachelor’s: Business Administration
Work Experience
General Experience – 10 to 15 years
Certifications
Certified Professional in Supply Management (CPSM) - Institute for Supply Management (ISM)
Travel
Less than 25%
Workstyle
Hybrid
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We Expect Our Associates At All Levels To
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
