VP, Manager, Procurement

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)