Procurement Specialist

CTI Consulting • New York, NY, US • published 2026-09-22 23:43:00.324081

Description

Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs) and/or Requests for Information (RFIs) based on identified business needs, market conditions and corpoate standards. Facilitate analysis, evaluation and scoring of vendor proposals against criteria established and agreed on by the team. Conduct multiple rounds of bids and coordinate activities such as vendor demonstrations, reference calls and on\-site visits to short\-list vendors. Lead contract negotiations in conjunction with the Project Team and Legal to ensure we obtain the most competitive pricing and favorable terms possible. Prepare sufficient documentation to inform Executive Sponsor and senior managers of recommendations and results of the sourcing initiative, including any achieved savings, customer implications and impacts to business operations. Guide business and support units through the Third\-Party Risk Management Program in conjunction with the Third\-Party Risk Management team to ensure selected vendors are properly risk tiered, vetted and approved before executing a contract. Research and analyze procurement trend data at the Bank and recommend savings opportunities to associated busin...

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