Senior Associate, Supplier Management

Rockville, MD - USA

Monthly Salary: Not Disclosed

Posted on: 9 days ago

Vacancies: 1 Vacancy

Job Summary

The Senior Associate Supplier Management executes and supports enterprise-wide supplier relationships and supplier-related processes under general direction of the Associate Director Supplier Management. This includes conducting comprehensive supplier risk assessments managing supplier onboarding and offboarding activities and supporting and enforcing policies and procedures to ensure the companys supply chain is efficient reliable and compliant with internal standards and regulatory requirements. This role exercises independent judgment in optimizing vendor relationships implementing process improvements and collaborating cross-functionally to execute risk mitigation strategies in support of the supplier management program.

Essential Job Functions:

Supplier Lifecycle Management

Participate in FINRAs full-cycle supplier management processes practices and standards to measure supplier/contract performance; ensuring compliance with requirements and managing resource utilization for the enterprise.
Execute day-to-day supplier onboarding and offboarding processes to include:
- Evaluating and validating all new suppliers meet company standards and regulatory requirements through comprehensive documentation review due diligence and compliance verification.
- Coordinate efforts with procurement legal technology and compliance teams to collect verify and process all necessary supplier information within established timelines. Transfer reconcile and close-out all outstanding supplier obligations and contractual commitments.
- Maintain and continuously improve supplier onboarding checklists and process workflows; identify and recommend process enhancements based on analyses and operational trends.
- Ensure effective and efficient communication with suppliers and business constituents throughout the onboarding lifecycle to proactively resolve issues and ensure successful completion.
- For offboarding execute comprehensive transition plans to ensure continuity of services and minimal disruption to business operations.
Develop partnerships with key business stakeholders compliance teams and suppliers of a full range of goods and services from equipment to software and cloud services to ensure long-term collaboration and mutual success.
Serve as a point of contact and subject matter resource for supplier-related inquiries and issues; troubleshoot challenges and implement solutions.

Compliance and Risk Management

Consolidate manage and maintain supplier data from multiple business stakeholders into centralized systems; ensure data integrity and accessibility while implementing data quality controls.
Assist with identifying assessing and mitigating risks associated with suppliers monitoring supplier performance and compliance with company standards conducting regular risk assessments and audits of key suppliers and collaborating with cross-functional teams to address supplier-related issues and risks. Escalate supplier concerns to leadership as needed.
Maintain supplier performance metrics dashboards and reporting tools; conduct data analysis to identify performance trends operational issues and enhancement opportunities.
Contribute to presentations and recommendations to senior leadership on supplier performance risks and opportunities.

Additional Responsibilities:

Demonstrate FINRAs values.
Collaborate both in-person and virtually in furtherance of FINRAs mission of investor protection and market integrity.
Other duties as assigned.

Education/Experience Requirements:

Bachelors degree in Business Administration Supply Chain Management Finance Risk Management or related business management area of study or equivalent combination of education and relevant work experience required.
Minimum of six (6) years of progressive hands-on experience in procurement supplier management strategic sourcing or third-party risk management.
Demonstrated experience executing end-to-end supplier onboarding and offboarding processes conducting supplier risk assessments due diligence reviews and compliance audits.
Proven ability to manage supplier relationships serve as point of contact for vendor-related issues and implement process improvements.
Experience working in regulated industries (financial services banking or similar highly regulated environment preferred) with exposure to compliance and regulatory requirements.
Professional certifications such as PMP Certified Professional in Supply Management (CPSM) Certified Supply Chain Professional (CSCP) or equivalent a plus.
Proficiency with large ERP systems with integrated supplier and procurement business processes. Workday experience a plus.
Strong knowledge of supplier lifecycle management contract management vendor governance principles and regulatory compliance frameworks (e.g. FINRA SEC).
Strong analytical skills with ability to develop and maintain performance metrics reports dashboards and identify trends and improvement opportunities.
Strong interpersonal and communication skills with ability to collaborate effectively across procurement legal compliance technology and business stakeholder groups.
Demonstrated ability to work independently and exercise sound judgment while managing relationships with internal and external constituents managing progress and achieving operational goals.
Ability to manage multiple competing projects and priorities simultaneously while maintaining attention to detail and meeting deadlines.
Flexible adaptable and innovative in a dynamic fast-paced changing environment with strong problem-solving capabilities.

Working Conditions:

Hybrid work environment with defined in-person presence requirements.

For work that is performed in CO FL TX IL PA MA MD VA Washington DC NY and NJ please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the addition to location actual compensation is based on various factors including but not limited to the candidates skill set level of experience education and market considerations.

CO/FL/TX: Minimum Salary $83900 Maximum Salary $150300

IL/PA: Minimum Salary $92400 Maximum Salary $165300

MA/MD/VA/Washington DC: Minimum Salary $96600 Maximum Salary $172800
NY/NJ: Minimum Salary $96600 Maximum Salary $180400

#LI-Hybrid

To be considered for this position please submit an application. Applications are accepted on an ongoing basis.

The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties responsibilities and qualifications required.

Please note: If the Apply Now button on a job board posting does not take you directly to the FINRA Careers site enter into your browser to reach our site directly.

Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible for overtime pay in accordance with federal state or local law. As part of its dedication to employee wellness FINRA provides comprehensive health dental and vision insurance. Additional insurance includes basic life accidental death and dismemberment supplemental life spouse/domestic partner and dependent life and spouse/domestic partner and dependent accidental death and dismemberment short- and long-term disability long-term care business travel accident disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution tuition reimbursement commuter benefits and other benefits that support employee wellness such as adoption assistance backup family care surrogacy benefits employee assistance and wellness programs.

Time Off and Paid Leave*

FINRA encourages its employees to focus on their health and wellness in many ways including through a generous time-off program of 15 days of paid time off 5 personal days and 9 sick days unless otherwise required by law (all pro-rated in the first year). Additionally we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave jury duty leave bereavement leave voting and election official leave for federal state or local primary and general elections care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.

*Based on full-time schedule

Important Information

FINRAs Code of Conduct imposes restrictions on employees investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Codes investment and securities account restrictions and new employees must comply with those investment restrictionsincluding disposing of any security issued by a company on FINRAs Prohibited Company List or obtaining a written waiver from their Executive Vice Presidentby the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

You can read more about these restrictions here.

As standard practice employees must also execute FINRAs Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the companys policy on nepotism.

Search Firm Representatives

Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.

FINRA is an Equal Opportunity Employer

All qualified applicants receive consideration for employment without regard to any legally protected category including race color age national origin ethnicity religion disability genetic information military or veteran status sex or any other status or classification protected by state or local law.

FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process please contact FINRAs Employee Relations team at or by email at . Please note that this process is exclusively for inquiries regarding accommodations in the application process.

FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.

FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.

Required Experience:

Senior IC