Vendor and Procurement Management Director

Job Summary: Manage and maintain Needham Bank Vendor Management, Procurement and administrative functions. Coordinating and completing vendor due diligence, procurement evaluations, support negotiations, and invoice reviews for all major technology vendors, monthly risk and performance reports. This role will oversee the procurement processes, manage vendor relationships, and mitigate risks associated with third-party vendors.

Qualifications:

To perform this job successfully, the individual must be able and willing to perform all essential duties satisfactorily. This document is not intended to be an exhaustive list of all essential duties required. Reasonable accommodations, as determined by management on a case-by-case basis, may be made to enable individuals with disabilities to perform essential duties.

• Overall responsibility for Vendor Management Program, ensuring compliance with FFIEC regulations
• Oversee the entire vendor lifecycle, including selection, due diligence, contract negotiation, performance monitoring, and termination
• Ensure vendors meet the Bank's performance standards and compliance obligations through regular performance reviews and audits
• Establish and maintain procurement processes to ensure efficiency, transparency, and compliance with business and regulatory requirements
• Create forward looking strategic plan and roadmaps for the simplification and fortification of the Bank's vendor landscape to maximize investments and relationships
• Develop and maintain strong relationships with key vendors to drive value and foster collaboration
• Coordinate as needed with PMO, Legal, Risk & Compliance, AP and other business units for Vendor evaluations, onboarding and decommissioning, due diligence, contracting and negotiations
• Review and reconcile monthly Line of Business Profitability reports with SVP of IT
• Work with Risk & Compliance Third-Party Risk Management as needed to coordinate and align on activities
• Participate in developing the IT Budget and Strategic Plan annually, work with lines of business and vendors to obtain accurate and forecasted pricing
• Prepares proposals, reports, presentation material statistical summaries, and other documents and communications that are complex and non-routine
• Provide mentorship, training, and support to internal teams on procurement vendor management best practices, policies, procedures, and activities.
• Prepare detailed recommendations, reports and presentations on vendor proposals, assessments, performance and compliance status for senior management. Creates technology related instructional material as directed
• Coordinates budget, data, and submission
• Perform additional duties as requested, needed or assigned

• Knowledge of vendor management & lifecycle, procurement processes, and administration
• Ability to analyze, interpret and communicate departmental and district policies, rules, and regulations.
• Ability to compose letters and memos, and PowerPoint presentations.
• Maintains a high degree of confidentiality on sensitive issues.
• Excellent negotiation, communication, and interpersonal skills. Must be able to communicate with users with all levels of computer experience
• Familiarity with PMO, Legal, and regulatory compliance landscape
• Ability to adhere to Needham Bank's Core Values (Quick-Decision Making, Reliability, Relationship-Based Focus & Quality Service)
• Ability to manage multiple projects and priorities in a fast-paced environment, function independently, adapt to change, and make sound judgment calls
• Proficiency in vendor management software and tools

• Bachelor's degree or equivalent work experience;
• Strong understanding of Federal Reserve and FFIEC requirements and application to…