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Sourcing, Procurement & Vendor Management Manager

Sourcing, Procurement & Vendor Management Manager

HawaiiUSA Federal Credit UnionHonolulu, HI, US
15 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

The Sourcing, Procurement & Vendor Management Manager plays a critical role in ensuring HawaiiUSA FCU's supply chain operates efficiently, cost-effectively, and in compliance with all regulatory requirements. This position is responsible for overseeing governance of the end-to-end procurement process, partnering with stakeholders on vendor sourcing and selection to contract negotiation and ongoing vendor relationship management. The manager will lead risk assessments and compliance checks to mitigate potential disruptions and ensure adherence to financial industry standards. Collaborating closely with internal stakeholders, this role drives strategic sourcing initiatives that align with the company’s financial goals and operational needs. Ultimately, the manager ensures that vendor partnerships deliver maximum value while maintaining high standards of quality and service.

Minimum Qualifications :

  • Minimum of 5 years of experience in sourcing, procurement, and vendor relationship management
  • Proven experience in contract negotiation and vendor selection processes.
  • Strong knowledge of compliance requirements and risk assessment methodologies relevant to procurement.
  • Demonstrated ability to manage budgets and work collaboratively with multiple stakeholders.

Preferred Qualifications :

  • Certified Regulatory Vendor Program Manager (have already or will be required to attain within 1 year).
  • Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field.
  • 5 years of experience in sourcing, procurement, or vendor management, preferably within the finance industry.
  • Experience with procurement software and vendor management systems.
  • Advanced knowledge of financial regulations impacting procurement in the finance sectors.
  • Experience coordinating cross-functional team purchases and managing complex vendor portfolios.

    • Responsibilities :

  • Develop and implement sourcing strategies that optimize cost, quality, and delivery timelines for goods and services.
  • Conduct thorough vendor evaluations, audits, and risk assessments to ensure compliance with regulatory and company standards.
  • Negotiate contracts and manage vendor agreements to secure favorable terms and mitigate risks.
  • Collaborate with cross-functional teams and stakeholders to understand procurement needs and align sourcing activities accordingly.
  • Monitor vendor performance continuously and manage relationships to foster long-term partnerships and resolve any issues promptly.
  • Manage procurement budgets and track expenditures to ensure alignment with financial objectives.
  • Stay updated on market trends, compliance requirements, and best practices in procurement and vendor management within the finance industry.

    • Skills :

    The required skills such as risk assessment and compliance requirements are essential for identifying and mitigating potential supply chain vulnerabilities and ensuring all procurement activities meet regulatory standards. Stakeholder management skills enable the manager to effectively communicate and collaborate with internal teams and external vendors, ensuring alignment of procurement strategies with business objectives. Budget management is critical for controlling costs and maximizing the value derived from vendor contracts. Contract negotiation and vendor sourcing skills are applied daily to secure advantageous terms and select the most suitable suppliers. Additionally, vendor audits, evaluation, and ongoing management skills ensure continuous performance monitoring and relationship optimization, which are vital for sustaining high-quality service delivery in a dynamic financial environment.

    Minimum Physical Requirements

  • Sitting for prolonged periods at a desk working on a computer.
  • Talking on the phone, computer, and person to person meetings, or in meetings online frequently.
  • Moving around the office on occasion.
  • Lifting, pulling, pushing, up to 30 pounds on occasion.
  • We'll make reasonable accommodations for qualified applicants and employees with disabilities.

    • About Company :

    HawaiiUSA Federal Credit Union is a local, not-for-profit, federally insured financial cooperative, owned and operated by our members since 1936.

    We are dedicated to helping members achieve their financial goals and our employees reach their career aspirations.

    We are committed to our community by extending ourselves through our time, efforts and resources. Our motto, Life Matters, means celebrating life’s experiences and creating fulfilling work opportunities, not just jobs.

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    Procurement Manager • Honolulu, HI, US