Description Position at First Business Bank
Join us today as the Director of Procurement!
Work Model: Remote, requiring one day at our Madison, WI headquarters each month.
Position OverviewWe're seeking a strategic and results-driven Director of Procurement to lead our enterprise procurement and vendor management program. This role is responsible for overseeing the full procure-to-pay (P2P) lifecycle, driving sourcing and vendor strategies, strengthening third-party risk management, and ensuring efficient, well-controlled purchasing and payment processes across the organization.
Reporting to the Chief Risk Officer and partnering closely with Finance, Legal, IT, Operations, and business leaders, this leader will play a critical role in optimizing supplier relationships, controlling costs, and supporting organizational growth.
Essential responsibilities for this role include: Strategic Sourcing & Vendor Management- Negotiate supplier pricing, contracts, and business terms.
- Identify and deliver cost savings, process efficiencies, and vendor optimization opportunities.
- Oversee supplier performance reviews and vendor risk management throughout the contract lifecycle.
Procurement Governance & Third-Party Risk- Lead and enhance the company's Third-Party Risk Management program and procurement governance framework.
- Establish policies, procedures, controls, and approval structures for procurement and vendor management.
- Partner with Risk, Compliance, Legal, Finance, and IT to support regulatory exams, audits, and remediation efforts.
Procure-to-Pay & Financial Controls- Own and continuously improve the end-to-end procure-to-pay process.
- Collaborate with Finance to streamline purchasing, invoicing, approvals, and payment workflows.
- Support budgeting, vendor spend forecasting, and financial reporting.
- Ensure strong controls around vendor setup, purchasing authority, invoice approvals, employee expenses, and payment processes.
Reporting & Analytics- Develop reporting and dashboards that provide visibility into spend, supplier performance, third-party risk, and procurement value.
- Deliver insights and recommendations to senior leadership and governance committees.
- Establish operational metrics, technology strategies, and scalable operating models that support growth and efficiency.
Position Requirements: - Bachelor's degree in supply chain management, business administration, finance, accounting, risk management, or a related field.
- 7+ years of progressively responsible experience in procurement, strategic sourcing, supplier management, third-party risk management, procure-to-pay, finance operations, or a related discipline.
- Demonstrated experience leading complex sourcing initiatives and commercial negotiations.
- Strategic sourcing, category management, competitive bidding, commercial negotiation, and supplier-performance management.
- Contract lifecycle management and ability to identify matters requiring Legal or specialist review.
- P2P processes, Accounts Payable workflows, internal controls, delegated authority, and segregation of duties.
- Financial and spend analysis, budgeting, and cost-benefit analysis.
- Executive and Board-level written and verbal communication.
- Advanced Excel and reporting or visualization tools.
Experience the Total Rewards Great People DeserveAs a recognized Top Workplace, we know taking care of our employees and their families directly impacts their success and the success of our company. As part of the Total Rewards package, we take pride in offering eligible employee benefits which include:
- Comprehensive Health, Dental, and Vision plans
- Competitive compensation, with a focus on professional development and internal mobility
- Paid vacation time (15 days minimum per year)
- Paid sick leave (6 days per year)
- 1 day paid volunteer time
- 10 paid holidays (annually)
- Paid parental leave
- 401(k) program with company matching, plus additional profit sharing contribution
- Performance based annual incentive program
- Free and confidential Employee Assistance Program
- Wellness programs
- Education Assistance Program
- Employee Stock Purchase Program
- Plus many other perks and benefits!
