Analyst, Procurement Contract Operations at Santander

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Purchasing, Supply Chain Management, Finance, Business, or equivalent experience - Required
1-3 Years Procurement Experience - Required
Knowledge of ERP purchasing systems
Team player willing to get involved, ask questions, obtain support from and give support to others
Communication skills supporting customer interface, supplier management, conflict resolution and team

Responsibilities

Review of incoming Procurement requests (sourcing requests) to ensure compliance with process, inclusion of required documentation, and completion of initial due diligence
Quality control to ensure contract compliance with guidance from Legal and Third-Party Risk Management departments, as well as compliance with internal policies & procedures
Management and enforcement of Santander's electronic contract signature protocol
Creation and management of Operational Contracts and Purchase Requisitions in compliance with Santander's finance and payment policies
Management of Santander's Contract Repository, including digital records for historical contracts, data management for current contracts, and reporting on all data from the Repository

Skills

Procure-to-Pay

Contract Operations

Purchase Requisitions

Procurement Administration

Strategic Sourcing

Financial Controls

Contract Management

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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