Procurement & Third Party Risk - Manager

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 RFP’s 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 perfect for a self-starter that thrives in a fast-paced environment, able to work independently, proactively and most importantly, is comfortable being the first to establish and implement new processes. You’ll need to 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 be successful in this role, you’ll need to bring deep industry experience in strategic sourcing and risk management, with a strong grasp on 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 be responsible for working closely with our various Finance functions as well as other cross-functional leaders to build out a sustainable and effective sourcing strategy. This role has a broad scope and offers excellent opportunities to grow at FalconX and become a trusted business partner to the organization.

Responsibilities

• 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; confidently manage relationship with new vendors and negotiate confidently 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 any potential 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 all vendor 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 the end to end  RFP processes, train all process and system users, and ensure cross-functional management of vendor risk.

Required Qualifications

• Minimum 6 years experience in strategic sourcing, procurement, contract negotiations and third party risk management with demonstrable results to support experience
• Confident negotiation skills with track record of delivering savings and the best possible contract terms for a wide variety of vendors
• Excellent organizational skills, able to run with multiple contracts, negotiations and vendor conversations concurrently
• Experience creating policies and procedures end to end, including the implementation and roll out of new frameworks cross 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 that can demonstrate a proactive approach to problem solving and independently managing their own workstreams

The base pay for this role is expected to be between $157,000 - $199,000 USD for a Manager level in the New York City Area. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, qualifications and the level at which the candidate is hired.