Under limited supervision, this role partners with internal stakeholders to understand business requirements and manage the process for evaluating, pricing, and competitively sourcing goods and services. This role tracks and supports complex contractual transactions, ensuring timely and accurate execution of agreements prepared by FINRA's Commercial Transactions Group, and partners with the Asset Management team to ensure optimal lifecycle management of FINRA's physical assets.
Essential Job Functions:Sourcing & Negotiation- Identifies and evaluates potential suppliers.
- Partner closely with internal business customers on assigned end-to-end RFx, selection, and procurement processes, ensuring business needs are understood and execute sourcing activities to meet their needs; oversee competitive bid process.
- Draft, review, and conduct negotiations to establish favorable contracts, and pricing terms and agreements with vendors to maximize value and minimize risk.
Procurement Process Management- Manages the full purchase cycle (requests for proposals to purchase orders), ensuring compliance with strict adherence to FINRA's procurement policies and applicable regulatory requirements, , and budgetary constraints. Manage the competitive bid process.
- Proactively identify, recommend, and implement improvements in procurement processes and vendor management strategies.
- Partner with legal and technology teams to coordinate integration between procurement and contract management systems.
Supplier Relationship Management- Develop and maintain relationships with key suppliers to ensure quality, cost, delivery standards are met. Collaborate with Supplier Management on review and evaluation of suppliers' performance.
- Monitor and track contract lifecycle of suppliers, initiating timely, value-add activities in renewal, replacement, and terminations of contracts.
- Collaborate with legal and compliance teams on contract reviews and risk assessments.
Analysis & Cost Control- Monitors market trends and commodity pricing to identify cost-saving opportunities and prepare budgetary reports.
- Analyze spending patterns and identify cost-saving opportunities within assigned business customers.
Additional Responsibilities:- Demonstrate FINRA's values.
- Collaborate, both in-person and virtually, in furtherance of FINRA's mission of investor protection and market integrity.
- Provides guidance, training to junior team members.
- Other duties as assigned.
Education & Experience Requirements:- Bachelor's degree in business, finance, supply chain management, or related field, or equivalent combination of education and relevant experience.
- Minimum of seven (7) years of hands-on procurement or strategic sourcing experience, preferably in financial services or regulatory environments.
- Demonstrated experience executing end-to-end sourcing projects independently.
- Highly skilled in negotiation, contract management, and vendor relations.
- Proficiency with large ERP systems and integrated supplier and procurement business processes. Workday experience a plus.
- Strong analytical, problem-solving, and project management abilities.
- Outstanding written and verbal communication skills.
- Knowledge of financial industry regulations and compliance requirements preferred.
- Professional procurement certification (CPSM, CPM, CPIM, or equivalent) preferred.
- Formal project management training or certification (PMP, CAPM, etc.) preferred.
Working Conditions:- Hybrid work environment, with defined in-person presence requirements.
#LI-Hybrid
For work that is performed in Los Angeles and San Francisco, CA, CO, FL, TX, IL, PA, MA, MD, VA, Washington, DC, NY and NJ, please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. 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 market considerations.
Boston, MA: $97,700.00 - $202,500.00~~Chicago, IL: $107,500.00 - $194,100.00~~Denver, CO: $97,700.00 - $176,100.00~~Jericho, NY: $97,700.00 - $211,400.00~~Jersey City, NJ: $117,200.00 - $211,400.00~~New York, NY: $117,200.00 - $211,400.00~~Rockville, MD: $112,300.00 - $202,500.00~~Tysons, VA: $112,300.00 - $202,500.00~~Washington, DC: $112,300.00 - $202,500.00~~Woodbridge, NJ: $107,500.00 - $211,400.00~~
Space
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.Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law. As part of its dedication to employee wellness, 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, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.
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, unless otherwise required by law (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
