Job Title: VP, Procurement Strategy

Type: Contract

Start Date: March 2025

Duration: 6 Months (with potential for extension and/or Full Time conversion)

Location: Whippany, NJ (HYBRID role)

Schedule: Monday-Friday, 8 hours per day, 40 hours per week

Compensation: $62 to $67 per hour

Overview: A leading multinational financial services institution, this organization provides a wide range of banking solutions, including corporate and investment banking, wealth management, and consumer financial services. With a strong global presence, it is known for driving innovation in financial technology, risk management, and strategic procurement. The company is committed to operational excellence, regulatory compliance, and delivering value to stakeholders through efficient and sustainable business practices. Its procurement division plays a critical role in optimizing supplier relationships, driving cost efficiencies, and ensuring seamless execution of enterprise-wide initiatives.

They are currently seeking a seasoned professional to serve as their VP of Procurement Strategy, supporting the delivery of programs related to their Procurement Value Plan. This role within the Procurement Client Team requires a dynamic individual capable of leading discussions, managing stakeholder relationships, and executing projects aligned with our quality standards and timelines.

Key Responsibilities:

Stakeholder Management:

• Cultivate and maintain relationships with senior stakeholders across the organization.
• Act as a trusted business advisor, representing Procurement interests.
• Ensure alignment between Business Unit/Function and Procurement strategies, serving as the primary interface to all Procurement domains.

Project Management & PMO:

• Oversee the development and execution of procurement-related projects and business change programs.
• Ensure projects are delivered on time, within scope, and in line with quality standards.

Program Execution:

• Input and obtain relevant commercial information from strategic planning processes and Change/SI Portfolios to inform Category Plans and the Procurement agenda.
• Collaborate with Sourcing and Supplier Management domains to drive supply base optimization, aligning services under group-wide agreements.

Supply Chain Value Delivery:

• Work with stakeholders to establish a demand roadmap, translating it into resource requirements for sourcing execution functions.
• Leverage supply market and business knowledge pertinent to third-party outsourcing services.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field; Master's degree preferred.
• 5-10 years of experience in procurement, supply chain management, or related fields.
• Demonstrated ability to manage relationships with senior stakeholders.
• Proven project management experience, with a track record of leading successful procurement and business change programs.
• Strong understanding of supply chain value delivery and third-party outsourcing services.
• Excellent communication, negotiation, and leadership skills.