Senior Vice President, Procurement & Vendor Management

Navy Federal Credit Union

4.8

(226)

Vienna, VA

Why you should apply for a job to Navy Federal Credit Union:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 in overall job satisfaction
  • 4.8/5 in supportive management
  • 96% say women are treated fairly and equally to men
  • 96% would recommend this company to other women
  • 96% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Professional development and training opportunities to help employees grow in their careers and the life they want to lead
  • Best-in-class benefits with generous vacation, paid maternity/paternity leave, retirement plans, tuition reimbursement, discounts and more
  • Unique culture where team members are passionate about the mission which creates clarity, alignment and purpose
  • #17325

    Position summary

    ments
    • Define, execute, and oversee procurement and vendor management strategy including demand forecasting, acquisition planning, procurement, and contract administration to ensure resource requirements are satisfied while driving to the best value to reach enterprise strategic goals
    • Drive strategic direction for the acquisition planning, procurement, and contract administration of credit union products, services, real estate property and capital purchases; oversee vendor/contract management system to ensure products, services, and quality meet and/or exceed expectations and contract requirements; and work with stakeholders to address deficiencies in contract performance
    • Establish and set long-term organizational strategy and goals, objectives, policies, and operating procedures; partner with senior managers/executives to help them meet their responsibilities for program effectiveness; implement improvements, as needed • Partner with business leaders to drive ROI on strategic partnerships
    • Establish credibility throughout Navy Federal, and with the Board of Directors, as an effective spokesman for their area of responsibility, and enabler, in collaboration with the business units, of financial solutions for business challenges
    • Direct the execution of procurement and third-party management activities via clearly articulated governance processes ensuring compliance with legal requirements and Navy Federal policies and in conformance with external expectations as appropriate including, NCUA, CFPB, FFIEC, industry rules and fundamental principles, direct policy, and process changes in accordance with legal and external expectation changes
    • Oversee Third Party Risk Management (TPRM) Program and maintain Navy Federal's Key Service Provider List; liaise with Information Security and other stakeholders to ensure enterprise data safety and integrity
    • Analyze procurement vendor performance trends and Navy Federal's business plan to devise strategies for the acquisition and implementation of critical automated systems, policies, and personnel requirements, including end-of-life planning
    • Collaborate with regulatory examiners and internal/external auditors; respond to inquiries and findings
    • Determine and review operational risks and gaps in departmental performance, establish departmental performance metrics and benchmarks, and ensure appropriate improvements are initiated and managed
    • Provide positive leadership to the Procurement and Vendor Management department through teaching, training, continuing education, employee engagement, succession planning, and mentorship programs
    • Liaise with Navy Federal's external and internal key decision makers to improve organizational performance
    • Review departmental effectiveness of operational processes, analyze trends, and report on opportunities for improved efficiencies
    • Perform supervisory and managerial responsibilities as leader of the department
    o Set direction to ensure goals and objectives align with corporate strategy
    o Manage talent development and succession planning
    o Collaborate with executive colleagues to develop and execute corporate initiatives and department strategy
    o Oversee the preparation and execution of the department's component of the Annual Financial Plan and budget
    o Manage merit pay in accordance with specified objectives and guidelines
    • Perform other duties as assigned

    Qualifications

    • Extensive experience in contracting and contract/vendor management at a decision-making level that demonstrates the ability to plan, organize, coordinate, and control an organization responsible for complex procurement functions
    • Significant experience in senior leadership within procurement and vendor management, demonstrating leadership ability with a focus on inspiring and motivating teams to achieve excellence
    • Working knowledge with guidelines published by regulators (NCUA, CFPB, etc.)
    • Extensive experience implementing strategic initiatives to support organizational objectives
    • Extensive experience in driving change management and influencing organizational culture and values
    • Extensive experience in managing cross-functional, multi-dimensional teams and projects of the highest complexity which have business risk and impact
    • Extensive experience in managing multiple priorities independently and/or in a team environment
    • Extensive experience in demonstrating thought-leadership, initiative taking, decision-making and creativity in solving business problems
    • Extensive experience in identifying relevant analytical problems, determining appropriate diagnostic methods, and solving unique and complex issues/problems • Advanced written and verbal communication skills, with the ability to articulate complicated concepts clearly and persuasively
    • Expert skill in understanding and navigating complex interpersonal dynamics effectively to overcome challenges
    • Expert analytical/quantitative, reconciliation and deductive reasoning skills
    • Advanced skill leading with diplomacy and tact while maintaining appropriate assertiveness and persistence
    • Expert skill in being adaptive/flexible; acquire, recognize & apply new information
    • Expert skill in results-oriented leadership in a challenging environment
    • Expert skill influencing and building consensus with business partners • Master's degree in Business Administration, Juris Doctorate or related field, or the equivalent combination of education, training and experience

    Hours: Monday - Friday, 8:00AM - 4:30PM

    Location: 820 Follin Lane, Vienna, VA 22180

    Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume.

    About Us
    You have goals, dreams, hobbies, and things you're passionate about-what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family, and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

    • Military Times 2022 Best for Vets Employers

    • WayUp Top 100 Internship Programs

    • Forbes® 2022 The Best Employers for New Grads

    • Fortune Best Workplaces for Women

    • Fortune 100 Best Companies to Work For®

    • Computerworld® Best Places to Work in IT

    • Ripplematch Campus Forward Award - Excellence in Early Career Hiring

    • Fortune Best Place to Work for Financial and Insurance Services

    Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

    Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

    Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

    Why you should apply for a job to Navy Federal Credit Union:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 in overall job satisfaction
  • 4.8/5 in supportive management
  • 96% say women are treated fairly and equally to men
  • 96% would recommend this company to other women
  • 96% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Professional development and training opportunities to help employees grow in their careers and the life they want to lead
  • Best-in-class benefits with generous vacation, paid maternity/paternity leave, retirement plans, tuition reimbursement, discounts and more
  • Unique culture where team members are passionate about the mission which creates clarity, alignment and purpose