Vendor Jobs in Lynn, MA

The Federal Home Loan Bank of Boston (FHLBank Boston) is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. FHLBank Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary

Reporting to the bank's Chief Information Officer, we are seeking a strategic and detail-focused Director, Vendor Management to create and lead a new vendor management team at FHLBank Boston. Working within the bank's regulatory environment, this role will define the new department's mission and practices, define department roles, hire staff, and implement the bank's new vendor management model. This is an exciting opportunity to build a vendor management function from the ground up.

The role, and department, will focus on delivering maximum value from our vendor relationships, driving operational efficiency, and ensuring compliance with our regulatory requirements. The ideal candidate will have strong leadership capabilities, excellent negotiation skills, experience working in a regulated industry, and a deep understanding of vendor management practices.

The ideal candidate for this role is someone with current / recent experience with most aspects of this role. Prior vendor management leadership experience is required.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank's Hybrid Work Program. More time will be expected in the office to support onboarding initially, up to 90 days.

Specific Responsibilities

Vendor Management Strategy

• Develop and implement a comprehensive vendor management strategy aligned with bank goals, the bank's regulatory framework, and industry best practices.
• Establish performance metrics and improve the bank's vendor evaluations to ensure vendors meet contractual obligations and service level agreements.
• Orchestrate a risk-based approach to vendor selection, onboarding, and oversight, especially for critical vendors.

Team Leadership

Procurement & Cost Optimization

Stakeholder Collaboration

Risk & Compliance Oversight

Data Analytics & Reporting

Other duties as assigned.

Knowledge / Skills

Experience & Education

The following Certifications are preferred :

As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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