Cathay Bank is seeking a visionary and transformative leader to build a new Procurement function designed to proactively optimize our sourcing opportunities, capture extensive financial savings, better control our procurement processes/third-party risks, and accelerate our strategic initiatives.
Requirements
- Bachelor Degree in Business Administration, Economics, Finance, or related field.
- Minimum 5-7 years of experience in purchasing, sourcing, and/or procurement preferably in financial institutions and/or banks.
- Strong background in procurement, sourcing, vendor management and/or contract negotiations.
- Direct leadership experience in Procurement & Contract Management overseeing procurement processes and contract procedures.
- Demonstrated success in building procurement operations from the ground up, including systems, tooling, and vendor governance OR a track record overhauling procurement-processes in smaller organizations
- Experience managing strategic sourcing & “supplier management” including Identifying sourcing opportunities, managing supplier relationships and strategic purchasing vendors.
- Demonstrated success implementing procurement technologies and driving process improvements.
- Proven experience conducting successful contract negotiations optimizing financial savings and efficiencies. Deep negotiation expertise and comfort redlining contracts directly with Legal.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Long-term disability insurance
- Flexible spending accounts (FSAs)
- Health saving account (HSA) with company contributions
- Voluntary coverages
- 401(k)