The Federal Reserve Bank of Richmond has an immediate opening for an Intermediate Contracts and Sourcing Specialist in the National Procurement Office (NPO). Headquartered in Richmond, VA, the NPO creates sourcing opportunities and establishes national contracts on behalf of all Federal Reserve System entities in order to maximize the value of purchased goods and services on behalf of all Federal Reserve System entities.
Contracts and Sourcing Analysts are they key to the NPO’s mission of building productive relationships with clients in order to develop a proactive sourcing strategy and provide effective leadership during the delivery of value-added sourcing solutions. The Intermediate Analyst provides critical input to the NPO’s procurement strategy by translating client needs into a sourcing roadmap and through proactive execution of that plan. The Intermediate analyst executes by identifying high-value supplier opportunities, leading Requests for Proposal (RFP) projects, negotiating complex procurement contracts, and leading various other sourcing-related initiatives on the behalf of the NPO’s clients.
While focused primarily on procurement, this is a cross-functional role that will require the successful candidate to be both an adept individual contributor and a strong leader who can influence peers and leadership across multiple business areas. The role requires a demonstrated ability to effectively communicate, persuade, and influence in cross-functional workgroups that span all levels of leadership. The ideal candidate will be a self-starter who draws on their extensive background and knowledge in the areas of contracting, negotiations, client management, vendor management and project leadership to deliver high-quality, high-value sourcing solutions to their clients throughout the Federal Reserve System.
Minimum 3 to 5 years of professional experience, to include experience in purchasing / procurement.
Excellent analytical ability and attention to detail with regards to bids, business cases, and contracts
Prior experience drafting, editing, and negotiating contracts and amendments and working with Legal team to ensure compliance with internal policies
Ability to distill critical legal issues, compliance concerns, and other complex business issues to a level that clients can understand to facilitate effective decision-making
Demonstrated competence in oral and written communication skills; ability to work with stakeholders at all levels within the Federal Reserve System
Broad knowledge of acquisition guidelines and principles of contract management, including sourcing negotiation, and compliance monitoring processes
Proficient computer skills including Microsoft Outlook, Word, Excel, and PowerPoint along with various other online applications, as needed for the role
Internal Number: 260961
About Federal Reserve Bank of Richmond
The Federal Reserve is a “decentralized” central bank, with a government component — the Board of Governors in Washington, D.C. — and 12 independent regional Reserve Banks spread across the country, including the Richmond Fed. Together, we’re working to support a healthy economy.
Along with the other Reserve Banks, we help carry out the Fed's day-to-day operations and are governed by our own Board of Directors. We are also subject to general supervision by the Board of Governors, which provides additional oversight and accountability through a set of checks and balances.