Vendor and Procurement Management Director

Job overview

The Vendor and Procurement Management Director is an onsite, full-time role in Needham, MA, with an annual salary range of $116,440.45–$163,016.62. Needham Bank is a bank whose vendor-management work supports its technology and business operations. The director oversees vendor lifecycle and procurement processes, including due diligence, selection, contracting, performance monitoring, and termination. The role coordinates with internal risk, compliance, legal, finance, and business teams to manage third-party risk, support regulatory compliance, and guide vendor investment and planning.

What you'll do

• Lead the Vendor Management Program and support FFIEC compliance
• oversee vendor selection, due diligence, contract negotiation, performance monitoring, and termination
• establish procurement processes
• maintain vendor relationships
• coordinate evaluations and onboarding with internal teams
• review monthly line-of-business profitability reports
• coordinate with third-party risk management
• contribute to IT budgeting and strategic planning
• prepare recommendations and reports
• mentor internal teams on vendor-management practices.

What we're looking for

Skills & competencies

vendor management director

procurement

banking

third-party risk

technology vendors

needham ma

needham bank

full-time

$116,440.45–$163,016.62/year

ffiec compliance

vendor lifecycle

it budgeting

risk and compliance

Work arrangement

• Weekend coverage required

Benefits & perks

• Fully paid medical and dental insurance
• HRA
• 401(k) with 8% bank match
• paid time off and holidays
• bonus program
• flexible spending accounts
• vision plan
• life and disability insurance
• tuition reimbursement
• employee assistance program.

Why this role

Requires seven or more years of banking vendor-management and technology-administration experience, along with knowledge of Federal Reserve and FFIEC requirements. A bachelor’s degree or equivalent work experience is required.

About the employer

Needham Bank is hiring for this role. Industry: Commercial Banking. Sector: 52.