Federal Reserve System Buyer in Minneapolis, Minnesota
Federal Reserve Bank of Minneapolis
Are you looking for an opportunity to use your negotiating, research, analysis, technical, and customer service skills to be involved in an interesting and dynamic financial services organization? The Federal Reserve Bank of Minneapolis is looking for a Buyer for the Financial Management Group. Reporting to the Director, you will support the operation working through the bidding process, negotiating, contracting, and vendor management.
Make purchasing recommendations and decisions supported by data using price/cost analysis, benefit analysis, and financial analysis.
Perform bidding processes by creating Requests for Information (RFIs), Request for Quotes (RFQ), and Requests for Proposal (RFPs).
Negotiate cost savings and work with vendors to obtain more favorable prices and services.
Recognize and resolve procurement-related problems. Communicate problems to management.
Manage an inconsistent and varied workload.
Manage visible projects such as implementation of new vendors on new procurement programs.
May participate on System workgroups and/or District-specific workgroups.
Write clear and comprehensive correspondence, documentation, and procedures to be used by management and other staff.
Be a liaison for one or more departments, maintains procedures for specialized procurement functions, and provides training to Bank staff on System and Bank procurement procedures.
Respond to and act as a resource to vendor and Bank staff through telephone calls, e-mails, reports, memos, letters, and presentations at any level of the Bank or the Federal Reserve System.
May be assigned responsibility for one or more specialized procurement functions such as information technology procurement or spend analysis.
May work with other department staff on spend analysis and procurement events. Resolve discrepancies between spend report and accounting application.
May serve as a technical "expert" for department applications. May help manage the content of the department's intranet web site.
Remain technically proficient on specialized procurement functions.
Perform other tasks as assigned.
A requirement of this position is that you must be vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; the Bank will provide accommodations as needed by law for individuals unable to be vaccinated because of medical condition or sincerely held religious belief.
Bachelor's degree in Supply Chain Management, Business, Accounting, Information Technology or related field, or equivalent combination of education and experience.
Minimum four years of broad-based procurement experience including sourcing and contract negotiations.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401(k) match, and a fully-funded pension plan
Paid time off and holidays
Generously subsidized public transportation
Annual educational assistance
On-site fitness facility
Professional development programs, training and conferences
The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. We work together to represent you in our economy.
Full Time / Part Time
Regular / Temporary
Job Exempt (Yes / No)
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.