Vendor and Procurement Manager

Job Description

Job Description

About Daiwa Capital Markets America Inc. :

Incorporated in 1964, Daiwa Capital Markets America Inc. ( DCMA ) is a New York-based registered securities broker-dealer, a futures commission merchant, a primary dealer of U.

S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges. Our main focus is on the sales and trading of Japanese, Asian, and U.

S. equities, fixed income instruments, financial futures, and investment banking for institutional customers. DCMA’s ultimate parent company is Daiwa Securities Group Inc.

one of the largest brokerage and financial services groups in Japan.

Position Summary :

The Vendor and Procurement Manager will lead the Procurement strategy within the company, managing vendor relationships and ensuring the organization acquires high-quality financial products and services efficiently and cost-effectively.

This director-level role involves utilizing the JDE Procurement system for procurement processes, negotiating contracts, analyzing market trends, and collaborating with various departments to meet organizational needs.

You will be responsible for leading the transformational efforts surrounding procurement process improvement, standardization, and strategy firm-wide.

This position will report to the Chief Technology and Operations Officer and be responsible for overseeing a team of 4 procurement specialists.

We encourage candidates with leadership experience and a player-coach mentality to actively apply.

Core Responsibilities :

• Identify, evaluate, and select vendors based on quality, cost, and delivery capabilities, specifically within the financial services sector.
• Utilize the JDE Procurement system to manage procurement processes, including requisitions, purchase orders, and vendor management.
• Negotiate contracts and agreements with vendors to secure favorable terms and conditions, ensuring compliance with industry regulations.
• Develop and implement procurement strategies that align with the different business units and follows the regulatory requirements.
• Monitor vendor performance and compliance with contractual obligations, conducting regular assessments and performance reviews.
• Collaborate with internal stakeholders, including Finance, Legal, HR, Compliance, Technology and Operations teams, to understand procurement needs and specifications.
• Manage the procurement budget and ensure cost-effective purchasing practices while adhering to financial regulations.
• Maintain accurate records of procurement activities, contracts, and vendor information within the JDE Procurement system.
• Resolve any issues or disputes with vendors in a timely manner, ensuring minimal disruption to operations.
• Stay updated on industry best practices, regulatory requirements, and advancements in procurement technology.

Qualifications :

• Minimum of 5-6 years’ experience in a procurement, vendor management, or supply chain management role.
• Bachelor’s degree in Business Administration, Finance, Supply Chain Management, or a related field; Master’s degree preferred.
• Experience within the financial industry preferred.
• Strong negotiation and contract management skills, with a focus on compliance and risk management.
• Proficient in the JDE Procurement system and other procurement software, as well as Microsoft Office Suite.
• Excellent analytical and problem-solving abilities.
• Strong communication and interpersonal skills, with the ability to work collaboratively with cross-functional teams.
• Ability to travel to meet with vendors or attend industry events.

Preferred Skills

• Certification in procurement or supply chain management (e.g., CPSM, CIPS).
• Experience in financial services procurement, including knowledge of relevant regulations and compliance standards.
• Familiarity with e-procurement tools and systems, particularly JDE.

Company Culture and Benefits :

Daiwa Capital Markets America Inc. has a vibrant company culture made up of a diverse team of professionals. We seek to foster an atmosphere in which our employees understand, respect, and inspire each other.

We will continue to build a culture that encourages everyone at DCMA to take pride in their work. How we work individually, with each other, and with our communities is just as important as what we do and shapes who we are as an organization.

Our people are our most important asset, and as a result, we offer a competitive and robust total rewards package which includes, but is not limited to :

• Competitive Benefits Package (Medical, Dental and Vision)
• Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
• Flexible Spending Accounts (FSA)
• Employee Assistance Program (EAP)
• Comprehensive health and wellness benefits
• Parental Leave
• Family building benefits
• 401(k) with company match
• Paid Time Off and holidays
• Professional development, educational assistance and training programs
• Community Engagement Programs

DCMA has a hybrid work program in place, with opportunities for remote work depending on the nature of the role and needs of your department.

This was implemented to provide operational efficiency while simultaneously giving employees flexibility. At a minimum, employees are expected to work in the office three days per week.

DCMA provides equal employment opportunities for all applicants and employees. We are committed to providing a work environment that is free of discrimination and harassment.

DCMA prohibits discrimination based on race, color, religion, gender identity, national origin, sexual orientation, age, disability, military or veteran status, or other attributes protected under applicable federal, state, or local laws.