Procurement Analyst
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This role is Hybrid 3 days onsite. This role is Temp to Perm.
Key Responsibilities:
- Analyze spend data across business lines to identify cost-saving opportunities and sourcing efficiencies
- Support end-to-end procurement processes: RFPs/RFQs, vendor evaluation, contract negotiation, and onboarding
- Maintain and monitor vendor performance scorecards, SLAs, and contract compliance
- Partner with Legal and Compliance on third-party risk assessments, due diligence, and regulatory requirements (e.g., outsourcing regulations, data security standards)
- Manage procurement systems and databases (e.g., Ariba, Coupa, SAP) to ensure accurate records of contracts, POs, and vendor information
- Prepare reports and dashboards on spend trends, savings targets, and category performance for senior stakeholders
- Support category management strategies (IT, market data, professional services, travel, facilities)
- Assist in budget forecasting and variance analysis related to procurement spend
- Ensure adherence to internal procurement policies and external regulatory frameworks
Qualifications:
- Bachelor's degree in Business, Finance, Supply Chain Management, or related field1–4 years of experience in procurement, sourcing, vendor management, or financial analysis (financial services experience a plus)
- Strong Excel skills; familiarity with procurement/ERP platforms (SAP Ariba, Coupa, Oracle) preferred
- Analytical mindset with ability to interpret spend and performance data
- Excellent communication and negotiation skills
- Understanding of contract terms, risk management, and vendor due diligence processes
- High attention to detail and ability to manage multiple stakeholders under deadlines
Preferred Skills:
- Knowledge of third-party risk management (TPRM) frameworks
- Exposure to regulatory requirements relevant to financial institutions (e.g., outsourcing guidelines, data privacy)
- Experience with data visualization tools (Power BI, Tableau)CIPS or similar procurement certification (or working toward one)