Head of Procurement and Third-Party Risk

Responsibilities: The Head of Procurement is a strategic leadership role responsible for developing and executing the organization’s procurement strategy, ensuring the cost-effective acquisition of goods and services while maintaining high standards of quality, service, vendor performance, third-party risk management, and regulatory compliance. This leader will serve as an enterprise partner across business, compliance, legal, finance, risk management, and operational stakeholders to ensure supplier relationships deliver value while protecting the organization from operational, financial, and regulatory risk. The ideal candidate is a commercially astute procurement executive who can balance strategic sourcing, supplier partnership, governance, regulatory compliance, and third party risk mitigation. This individual will bring strong judgment, executive presence, disciplined vendor oversight, deep contract negotiation capability, third party risk assessment and a demonstrated ability to build cross-functional alignment in a regulated financial services environment.

Essential Duties: Strategic Procurement LeadershipDevelop and execute a comprehensive procurement strategy aligned with enterprise priorities, business needs, and financial stewardship objectives. Establish procurement policies, procedures, and governance frameworks that support accountability, transparency, and regulatory readiness. Partner with senior leaders and business stakeholders to assess current and future procurement needs and identify opportunities to improve efficiency, reduce cost, and strengthen supplier performance. Use spend analysis, market intelligence, and performance data to inform sourcing decisions and strategic recommendations. Vendor ManagementEstablish, maintain, and strengthen relationships with key suppliers, service providers, and strategic business partners. Oversee supplier selection, evaluation, onboarding, contract negotiation, renewal, and offboarding processes. Ensure vendors meet the organization’s expectations for quality, service, pricing, operational delivery, and compliance with applicable requirements. Monitor vendor performance against established metrics, service-level expectations, key performance indicators, and contractual commitments. Lead issue escalation and remediation efforts when vendor performance, service continuity, or compliance expectations are not being met. Promote supplier accountability, continuous improvement, and relationship management practices that support sustainable long-term partnerships. Third-Party Risk Management