KeyBank · 2 days ago
Sr Procurement Strategist
Brooklyn, OH
Full-time
Hybrid
Senior Level
$80K/yr - $150K/yr
7+ years expKeyBank is seeking a Senior Procurement Strategist who will be responsible for developing and executing procurement strategies that align with business objectives and drive cost savings. This role involves optimizing category spend, managing vendor relationships, and ensuring adherence to internal processes and performance metrics.
Banking
Responsibilities
Develop and implement procurement strategies for assigned and complex categories, incorporating innovative sourcing approaches and industry best practices
Support Supplier Diversity goals through inclusive sourcing initiatives
Act as the primary Procurement contact for senior Line of Business leaders, building and maintaining strong relationships with internal stakeholders and external partners
Collaborate with Legal, Risk, and Third-Party Management teams to ensure alignment and compliance
Lead vendor negotiations, manage contract execution and renewals, and ensure adherence to internal policies, escalating issues as needed
Identify and implement opportunities to enhance procurement practices and tools
Participate in cross-functional project teams and support broader business initiatives
Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key
Qualification
Required
Develop and implement procurement strategies for assigned and complex categories, incorporating innovative sourcing approaches and industry best practices
Support Supplier Diversity goals through inclusive sourcing initiatives
Act as the primary Procurement contact for senior Line of Business leaders, building and maintaining strong relationships with internal stakeholders and external partners
Collaborate with Legal, Risk, and Third-Party Management teams to ensure alignment and compliance
Lead vendor negotiations, manage contract execution and renewals, and ensure adherence to internal policies, escalating issues as needed
Identify and implement opportunities to enhance procurement practices and tools
Participate in cross-functional project teams and support broader business initiatives
Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key
Develops long-term procurement strategies aligned with business goals
Oversees vendor relationships to ensure performance, compliance, and value
Manages agreements and renewals to mitigate risk and ensure favorable terms
Secures optimal outcomes through effective negotiation with suppliers and stakeholders
Builds trust and delivers solutions that meet internal client needs
Utilizes sourcing and procurement systems to manage purchasing activities
Interprets financial data to support budgeting, forecasting, and decision-making
Identifies and mitigates procurement-related risks in alignment with policies
Extracts insights from data to inform procurement strategies and performance metrics
Plans and executes procurement initiatives on time and within scope
Persuades stakeholders and drives alignment across functions
Follows and improves procurement processes and procedures for efficiency
Prioritizes tasks effectively to meet deadlines and business needs
Understands organizational strategy and how procurement impacts the bottom line
Delivers high-quality service and solutions tailored to internal stakeholders
Preferred
Bachelor's Degree or equivalent experience
Master's Degree of Business Administration
7+ years of relevant professional experience
Experience in consumer or commercial payments industry
Lean Six Sigma certification
Company
KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Chris Gorman
Chairman, Chief Executive Officer, and President, KeyCorp
Holly Santoro
Executive Administrator to the Chairman & CEO
Recent News
2023-08-28
Company data provided by crunchbase