Procurement Manager

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    "requisitionDescription": "<div><p style=\"text-align: justify;\"><span style=\"font-size: 12px;\">The Procurement Manager will lead the firm&rsquo;s enterprise procurement function within a highly regulated financial services environment. This role ensures disciplined purchasing practices, robust internal controls, and strong vendor governance while delivering cost efficiency and protecting the firm from financial leakage, regulatory risk, and reputational exposure.&nbsp;<br></span></p><p><strong><span style=\"color: rgb(40, 50, 78);\">The People You Will Work With<br></span></strong></p><p style=\"text-align: justify;\"><span style=\"font-size: 12px;\">The position will report directly to the Senior Director - Treasury Operations and will partner closely with Finance, Legal, Risk, Compliance, and Internal Audit.<br></span></p><p><strong><span style=\"color: rgb(40, 50, 78);\">Where and When You Will Work<br></span></strong></p><p style=\"text-align: justify;\"><span style=\"font-size: 12px;\">Farmer Mac has a Presence with Purpose work environment, which allows for flexibility of work location while providing the opportunity for teams to come together in the office with purpose. While we prefer someone who is based in proximity to Farmer Mac&rsquo;s Washington, DC headquarters or the Johnston, Iowa office, for the exceptional candidate, consideration will be given to those outside of either metropolitan area. Core business hours are Monday through Friday, 8:30 am to 5:30 p.m. Eastern time. Work outside these times may be required for planned and unplanned activities, including time-sensitive projects and attendance at off-site meetings or events.&nbsp;<br></span></p><p><strong><span style=\"color: rgb(40, 50, 78);\">Primary Responsibilities and Duties<br></span></strong></p><p><span style=\"font-size: 12px;\"><strong>1. Procurement Leadership &amp; Strategy&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Develop and execute enterprise-wide procurement strategy aligned with regulatory expectations and cost management goals.</span></li><li><span style=\"font-size: 12px;\">Establish standardized sourcing, purchasing, and vendor management practices.</span></li><li><span style=\"font-size: 12px;\">Build scalable procurement frameworks supporting growth and governance.</span></li><li><span style=\"font-size: 12px;\">Partner with Treasury Operations and other stakeholders in building this new enterprise function and team.</span></li></ul><p><span style=\"font-size: 12px;\"><strong>2. Contracting &amp; Market Discipline&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Lead complex vendor negotiations across strategic categories.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Ensure contracts are benchmarked and aligned to market terms.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Partner with Legal and Compliance on regulatory adherence.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Benchmark-tested and competitive pricing.</span></li><li><span style=\"font-size: 12px;\">Risk mitigation across financial, operational, and regulatory dimensions.</span></li></ul><p><span style=\"font-size: 12px;\"><strong>3. Regulatory Compliance &amp; Internal Controls&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Ensure procurement processes comply with regulatory and internal control frameworks.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Design policies for purchasing authority, onboarding, and segregation of duties.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Support audits and regulatory examinations.</span></li></ul><p><span style=\"font-size: 12px;\"><strong>4. Payment Integrity &amp; Expense Governance&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Ensure payments are authorized, accurate, and compliant.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Prevent duplicate or fraudulent payments.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Implement analytics to detect payment leakage.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Strengthen invoice validation and approval of workflows.</span></li></ul><p><span style=\"font-size: 12px;\"><strong>5. Travel &amp; Entertainment (T&amp;E) Oversight&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Enforce T&amp;E policies and compliance standards.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Monitor expenses for business purposes and policy alignment.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Implement audit and automation controls.</span></li></ul><p><strong><span style=\"font-size: 12px;\">6. Partner with Risk Management on Vendor Risk &amp; Third-Party Management&nbsp;<br></span></strong></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Collaborate with TPRM to support vendor due diligence across financial, operational, and cybersecurity risk domains.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Contribute to and help refine third-party risk management frameworks, standards, and practices.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Monitor vendor performance against cost, service, and delivery expectations, and partner with TPRM to develop and implement remediation plans as needed.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Support the remediation of findings from internal, external, and regulatory audits in coordination with TPRM and relevant stakeholders.&nbsp;</span></li></ul><p><span style=\"font-size: 12px;\"><strong>&nbsp;7. Cost Optimization &amp; Financial Stewardship&nbsp;<br></strong></span></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Drive cost savings and cost avoidance initiatives.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Analyze spending and identify sourcing opportunities.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Optimize vendor consolidation and contracts.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Monitors spend in accordance with budget and firm-level strategic priorities.&nbsp;</span></li></ul><p><span style=\"font-size: 12px;\"><strong>8. Reporting &amp; Executive Engagement&nbsp;<br></strong></span></p><ul><li style=\"font-size: 12px;\">Deliver executive reporting on spending, savings, and performance.&nbsp;</li><li style=\"font-size: 12px;\">Advise CFO on procurement risks and opportunities.</li></ul><p><strong><span style=\"color: rgb(40, 50, 78);\">Desired Skills and Qualifications<br></span></strong></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Driven and motivated leader with executive presence and stakeholder influence and experience in building high-performing teams and treasury functional capabilities.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Strong integrity and risk mindset.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Strong decision-making and negotiation skills.</span></li><li><span style=\"font-size: 12px;\">Proven cross-functional collaboration and ability to work with all levels of an organization and external partners while driving projects to timely and successful conclusions.&nbsp;</span></li><li><span style=\"font-size: 12px;\">Experience in managing budgets and tracking procurement KPIs (cost savings, cost avoidance, vendor performance metrics.</span></li><li><span style=\"font-size: 12px;\">Proficiency with SAP Concur, Microsoft Office Suite (Word, Excel, and PowerPoint), and general ledger systems.</span></li></ul><p><strong><span style=\"color: rgb(40, 50, 78);\">Education and Experience<br></span></strong></p><ul><li data-pasted=\"true\"><span style=\"font-size: 12px;\">Bachelor&rsquo;s degree required, Finance, Business, Supply Chain, or related</span></li><li><span style=\"font-size: 12px;\">MBA or advanced degree strongly preferred&nbsp;</span></li><li><span style=\"font-size: 12px;\">7-10 years procurement or sourcing experience&nbsp;</span></li><li><span style=\"font-size: 12px;\">Financial services industry experience required&nbsp;</span></li><li><span style=\"font-size: 12px;\">Enterprise procurement leadership experience&nbsp;</span></li><li><span style=\"font-size: 12px;\">Experience working with regulators and auditors&nbsp;</span></li></ul><p><span style=\"font-size: 12px;\">Our compensation philosophy is targeted pay positioning relative to peers, our industry, and external markets. Farmer Mac is committed to a compensation program that will enable the organization to attract, motivate, reward, and retain highly skilled and creative talent to maintain sustained long-term performance and achieve the organization&rsquo;s strategic business objectives. The typical starting salary range for this position is between $130,000- $160,000, although wages can vary based on experience and geography.</span></p></div>\n",
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