FINRA

Lead Buyer, Procurement

FINRA

full-time

Posted on:

Location Type: Hybrid

Location: RockvilleMarylandVirginiaUnited States

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Salary

💰 $95,300 - $206,200 per year

Job Level

Tech Stack

About the role

  • 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.
  • 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.
  • Develop and maintain relationships with key suppliers to ensure quality, cost, delivery standards are met.
  • Monitor and track contract lifecycle of suppliers, initiating timely, value-add activities in renewal, replacement, and terminations of contracts.
  • Analyzes spending patterns and identify cost-saving opportunities within assigned business customers.

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.
  • Strong analytical, problem-solving, and project management abilities.
  • Outstanding written and verbal communication skills.
  • Professional procurement certification (CPSM, CPM, CPIM, or equivalent) preferred.
  • Formal project management training or certification (PMP, CAPM, etc.) preferred.
Benefits
  • Comprehensive health, dental, and vision insurance.
  • Basic life and accidental death insurance.
  • Short- and long-term disability coverage.
  • Long-term care insurance.
  • Business travel accident insurance.
  • Legal insurance.
  • 401(k) plan with company match.
  • FINRA-funded retirement contribution.
  • Tuition reimbursement.
  • Commuter benefits.
  • Generous time-off program of 15 days paid time off, 5 personal days, and 9 sick days.
  • Two volunteer service days.
  • Other paid leave including military, jury duty, bereavement leave, and childbirth/parental leave.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
procurementstrategic sourcingcontract managementnegotiationspending analysiscost-saving identificationproject management
Soft Skills
analytical skillsproblem-solvingcommunication skillsvendor relations
Certifications
CPSMCPMCPIMPMPCAPM