New Job Contract Procurement Specialist In Missouri

Contract Procurement Specialist
Contract Procurement Specialist

Contract Procurement Specialist

Company : Federal Reserve Bank of St. Louis
Salary : Details not provided
Location : Missouri

Full Description


Federal Reserve Bank of St. Louis


Financial Management & District Procurement secures acquisition contracts for both goods and services on behalf of the Bank. As a Contract Procurement Specialist, you will report to the Manager of District Procurement and work with a supportive team that works with multiple departments to support their acquisition needs.


  • Lead the sourcing lifecycle (requirements gathering, RFI, RFP, contract negotiation) for Bank purchases in alignment with purchasing guidelines.
  • Operate as a key business line partner for all procurement activities including industry analysis, supplier sourcing, developing bidding events, and contracting.
  • Collaborate with our business partners and develop an understanding of their objectives, risks, and responsibilities to identify strategic sourcing and contracting opportunities.
  • Negotiate the service level terms, pricing and other contractual risks associated with complex contracts, including professional services agreements, equipment hardware agreements, software license agreements, maintenance agreements, nondisclosure agreements and amendments.
  • Manage up to 15 different project requests in-process at any given time.
  • Partner with Vendor Management in the monitoring of vendor performance to ensure the receipt of quality goods and services.
  • Partner with key stakeholders to understand internal requirements, review supplier performance, and build sourcing and renewal strategies.
  • Develop strategies and tactics to optimize contract negotiation with suppliers.
  • Advance supplier diversity goals through increasing access, outreach, and education.
  • Collaborate with our Legal team to develop and refine contracts.
  • Be an ambassador to the private sector for businesses interested in learning more about the Federal Reserve or those interested in doing business with the Bank.


  • Bachelor's degree in business administration, supply chain management, accounting / finance, or related discipline or commensurate experience
  • 4 years of strategic sourcing/procurement experience, project management and/or contract negotiation experience
  • Proven track record of delivering value through successful contract negotiations
  • Experience working with procurement sourcing and contracting applications (Ariba experience is helpful)
  • Experience working collaboratively and supporting multiple sourcing initiatives
  • Experience managing and maintaining supplier relationships
  • Experience using procurement data to identify strategic opportunities to improve value
  • Experience providing consultative sourcing support to business partners
  • Strong customer relationship and communication skills
  • All Federal Reserve Bank of St. Louis employees must be fully vaccinated against COVID-19, unless the Bank grants an accommodation based on a medical condition or sincerely held religious belief.


Our organization offers benefits that are the best fit for you at every stage of your career:

  • Pension plan, 401K, Comprehensive Insurance Plans, Tuition Reimbursement Program, Onsite Wellness & Fitness Center, Backup Dependent Care (Child & Adult), and more

Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees’ diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Learn more about the Bank and its culture; check out our Careers Site .

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

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.

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