Sr. Procurement Sourcing Specialist

Company

Federal Reserve Bank of Atlanta

As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Position Summary:

You will lead enterprise-wide operations for the procurement of critical goods and services, and the development of fulfillment of contract requirements on behalf of the Sixth District. Prepare Request for Proposal, Request for Quotes, bid analysis, negotiate contract terms and conditions, recommend/award to the customer, and award contracts. Use judgment and initiative to resolve procurement problems and make recommendations. Serve in an advisory role on Procurement and related Bank policies. You will report to the manager of Financial Management.

We are a hybrid work environment.

Key Responsibilities:

• Coordinate and lead complex procurement activities to include the identification of mandatory and optional requirements, sourcing potential vendors, identifying and coordinating the required procurement process including preparation of bids or bid exceptions, bid analysis including cost/price analysis, obtaining approvals, working with Vendor Management Consultant and/or Legal to develop and negotiate contracts, awarding contracts, issuing purchase orders, documenting the bid process, and working with business area and vendors to address performance issues.

• Responsible for developing contract requirements through interaction with business areas and legal counsel on the purchase of complex, sophisticated and critical materials, supplies, equipment, software platforms or services of substantial importance to the organization. Procurements may be complex in nature and require coordination with the business area and assistance with scope of work development to ensure business area requirements are identified. Procurements may be one-time purchases or long-term, blanket contracts.

• Provide ongoing analytical guidance to business areas by researching requirements and solutions. Must have an excellent understanding of the District’s procurement guidelines, procedures and Bank policies. Must have experience in contract development, project management, market research and strong analytical skills. Must have a fundamental understanding of legal contract terms and conditions.

• Provide primary procurement support for district business lines and ensures all procurement activities are conducted in compliance with Model Acquisition Guidelines, Security Assurance for Federal Reserve Policy (SAFR), Financial Accounting Manual (FAM) and District policies and procedures. Assist business areas in the tracking of contract spend to ensure invoices paid comply with terms of contracts. May participate in procurements or on workgroups at the System level. Participate and supports Supplier Diversity initiatives. Must be able to manage several procurement projects simultaneously and maintain effective working relationships with all business areas.

• Review the procurement guidelines to ensure efficiency and compliance with District Advisory Letters and System level Model Acquisition Guidelines (MAG). Review the District Advisory Letters to ensure they reflect actual practice and are in compliance with MAG. Make recommendations to modify procurement guidelines or Advisory Letters as necessary.

Education: Bachelor's Degree preferred

Experience: Five to eight years preferred

Knowledge Areas:

· Procurement/Strategic Sourcing

· Contract Management

· Supply Management Technical Skills:

· Microsoft Office Suite · e-Sourcing Application

· Project Management Certifications/Licenses:

· Procurement Certification or similar knowledge level a plus

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this i