Procurement Third Party Risk Manager

Overview

Falcon

X is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, Falcon

X addresses the industry's challenges: navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity. Falcon

X operates as the connective tissue empowering clients with seamless navigation through the evolving cryptocurrency landscape.

Procurement & Third Party Risk Management, Manager

Location:

New York
Team:
Finance, FP&A

We are looking for a results-driven, high-performing Manager to establish a new Procurement and Third Party Risk Management function. You’ll take the lead in sourcing events, negotiating contracts, assisting with RFPs for vendor selection and optimizing vendor spend across the organization. In addition, you will spearhead the design and implementation of a third party risk management framework to protect the firm, reduce risks and meet regulatory requirements typical in a highly regulated financial services industry.

This role is ideal for a self-starter who thrives in a fast-paced environment, can work independently, proactively, and is comfortable being the first to establish and implement new processes. You’ll work with a wide range of stakeholders to support all departments in managing third party risk, and you’ll excel in building trusted relationships to deliver on these goals. To succeed in this role, you’ll need deep industry experience in strategic sourcing and risk management, with a strong grasp of best practice methodologies to support our objectives.

Experience implementing ZIP and operationalizing a risk management framework will be advantageous. You’ll report directly to the Director of FP&A and work closely with our Finance functions as well as cross-functional leaders to build out a sustainable and effective sourcing strategy. This role has a broad scope and offers opportunities to grow at Falcon

X and become a trusted business partner to the organization.

• Procurement Strategy; drive cost savings across the Company through negotiating contracts, consolidation of vendors and process improvements to drive efficiency savings.
• Streamline Vendor Management; review and approve all new vendor requests and manage the full end to end onboarding process, ensuring an efficient and timely process for our stakeholders.
• Negotiation of New Contracts; manage relationships with new vendors and negotiate to deliver the best possible terms for the Company.
• Monitoring of Third Parties; tracking of all renewals, including negotiating new rates and, when necessary, managing all offboarding procedures to protect the firm from risks in business continuity.
• Analysis and Reporting; design and implement a range of reporting to track all third party vendors, monitor cost savings, manage risks, and ensure records remain up to date and accurate.
• Process Enhancements; participate in new Procure-to-Pay system implementation, including opining on best practice workflows and optimization to reduce time to onboard and manage vendors.
• Support All Stakeholders; provide hands-on assistance such as running end-to-end RFP processes, training users, and cross-functional management of vendor risk.

• Minimum 6 years experience in strategic sourcing, procurement, contract negotiations and third party risk management with demonstrable results.
• Confident negotiation skills with a track record of delivering savings and favorable terms for a wide variety of vendors.
• Excellent organizational skills, able to manage multiple contracts, negotiations and vendor conversations concurrently.
• Experience creating policies and procedures end to end, including implementation and rollout of new frameworks across an entire organization.
• Comfortable working in a small team and collaborating across Finance, Risk, Legal, Compliance and Security as needed to deliver on company objectives.
• Enthusiastic self-starter with proactive problem solving and independent management…