Vendor & Procurement Manager

First Business Bank is seeking a Vendor & Procurement Manager to oversee vendor relationships, support procurement operations, and help ensure effective management of third-party providers across the organization. Reporting to the Chief Risk Officer, this role partners closely with Finance, Legal, IT, Operations, and business leaders to support vendor performance, control costs, maintain compliance, and improve procurement processes.

The ideal candidate will have experience managing supplier relationships, coordinating contract renewals, supporting third-party risk activities, and identifying opportunities to improve purchasing efficiency and vendor value

Vendor Management & Strategic Sourcing

• Manage relationships with key vendors and suppliers across the organization.
• Coordinate contract renewals, pricing reviews, and vendor negotiations.
• Identify opportunities for cost savings, vendor consolidation, and process improvements.
• Monitor vendor performance and facilitate periodic business reviews.
• Partner with internal stakeholders to ensure vendor services align with business needs and expectations.
• Support sourcing initiatives, competitive bid processes, and supplier evaluations.

Third-Party Risk & Compliance

• Coordinate vendor onboarding, due diligence, and ongoing monitoring activities.
• Maintain vendor records, contracts, risk assessments, and supporting documentation.
• Partner with Risk, Compliance, Legal, Finance, and IT teams to ensure vendor management requirements are met.
• Support audits, regulatory examinations, and remediation efforts related to third-party relationships.
• Ensure vendor activities are conducted in accordance with company policies, procedures, and regulatory requirements.

Procurement Operations

• Support and continuously improve procurement and purchasing processes.
• Coordinate vendor setup, purchasing requests, invoice approvals, and contract administration activities.
• Collaborate with Finance on purchasing workflows, payment processes, and spend tracking.
• Assist with budgeting, vendor spend forecasting, and expense management.
• Help maintain effective internal controls related to procurement and vendor management.

Reporting & Analytics

• Develop and maintain reports related to vendor spend, contract status, supplier performance, and procurement activity.
• Analyze purchasing trends and identify recommendations for improving efficiency and reducing costs.
• Track and report key vendor management metrics.
• Provide meaningful insights to department leaders to support informed business decisions.