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VP, Procurement Manager
Banc of California
Santa Ana, CA, United States
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Description
Since 1941, Banc of California (NYSE:BANC) has provided full-service banking and lending to individuals and their businesses, families and employees throughout California and across the West.
Today, with over $10 billion in consolidated assets, we are large enough to meet our clients’ banking needs, yet small enough to care and serve them well. Banc of California’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.
JOB SUMMARY:
The VP Procurement Manager will play an integral part within the Bank, managing the relationships with both internal and external customers. This person will be responsible for developing and managing relationships with vendors who supply products and services to the Bank, and will ensure those vendors meet or exceed pre-specified performance metrics, including regulatory compliance (Third Party Risk Management Standards). They will lead the development and execution of strategic vendor management capability within the Bank, ensuring that vendors provide flexibility, value for the cost, agility, and responsive ways of working with the Bank, while avoiding, managing, or terminating poor performing vendors. Performs all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
1. Ownership and accountability of the Procurement/Vendor Management function. Developing the shape, capacity, and capability of the group.
2. Develop, own, and evolve strategic sourcing principles to be used in driving and assisting in governance and decision making.
3. Manage outward communication to vendors to facilitate understanding and awareness of organizational strategic direction, changes and challenges.
4. Develop a synergy between vendors, Third Party Risk Management Department, Legal, and the various business units involved.
5. Take ownership of generating vendor status analysis and reports– Key Performance Indicators and dashboards – across the vendor landscape.
6. Build/Develop a streamlined workflow process to ensure smooth end to end processing from initiation to contract completion.
7. Monitor and assist business units in managing vendor contracts:
1. Specify service levels or performance standards and/or metrics.
2. Define, manage, prioritize and report on value-add/innovative programs of work with designated vendors.
3. Manage spend and maintain service levels.
4. Track vendor contracts and identify and prepare for renewals on a timely basis.
5. Oversee the Request for Proposal process for new vendors or changes in vendors.
6. Make informed decisions to recommend and implement changes as required to improve vendor performance.
7. Identify sourcing opportunities and support the tendering, implementation and negotiation of new contracts and contract renewals.
8. Ensures compliance with Bank Secrecy Act.
9. Ensures full compliance with Bank policies and procedures and all State and Federal regulations and guidelines.
10. Participate in all required Compliance training, either online or in house.
11. Participate in the Business Continuity Plan (BCP), as required.
12. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
13. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
14. Follows policies and procedures; completes tasks correctly and on time; supports the Bank’s goals and values.
15. Performs the position safely, without endangering the health or safety of themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
16. Performs other duties and projects as assigned.
Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation.
Qualifications
ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:
• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
• Strong business acumen including demonstrable external contract or vendor management experience. including contract negotiation, outsourcing, etc.
• Strong program and project management experience.
• Understanding of how to use KPIs/SLA’s and other measures to drive vendor performance.
• Understanding and experience developing and managing strategic partnerships and staff.
• Understanding how to manage and bring in the relevant vendors to help drive more strategic or innovative discussions and decisions.
• Demonstrable experience of building and maintaining a network of colleagues and contacts to achieve progress on objectives and shared interests.
• Outstanding leadership and organizational skills.
• Strong influencing skills in order to manage conflicting priorities of key stakeholders.
• Proficient in MS Office suite, including PowerPoint, Excel, Word, and MS Project.
• Excellent analytical and problem solving skills, with ability to think laterally and conceptually.
• Ability to contribute to a team of peers, as well as within own team.
• Exceptional written, oral, interpersonal, and presentation skills and the ability to effectively interface with senior management, executives and board members, and staff.
• Able to work autonomously and highly pro-active.
• Driven to identify and implement continuous improvement.
EDUCATION, EXPERIENCE AND/OR LICENSES:
• Bachelor’s degree in business, finance, or a related field.
• Ten years of experience in progressively greater leadership roles.
• Significant experience in vendor management.
• Prior legal experience a plus.