The Analyst, Procurement Contract Operations at Santander

Boston, Massachusetts, United States

Apply Now

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

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

Key technologies and capabilities for this role

Procure-to-PayContract OperationsPurchase RequisitionsProcurement AdministrationStrategic SourcingFinancial ControlsContract Management

Questions & Answers

Common questions about this position

What is the salary range for the Analyst, Procurement Contract Operations role?

This information is not specified in the job description.

Is this position remote or does it require office work?

This information is not specified in the job description.

What are the key responsibilities for this role?

The role involves reviewing procurement requests for compliance, ensuring contract quality control with Legal and Third-Party Risk Management, managing electronic contract signatures, and creating/managing Operational Contracts and Purchase Requisitions.

What is the company culture like at Santander?

Santander fosters an enriching journey with a focus on continuous learning, personal growth, collaboration with talented colleagues worldwide, engagement, and commitment to employee success.

What makes a strong candidate for this procurement analyst position?

A strong candidate would have experience in procure-to-pay processes, contract operations, compliance reviews, and coordination with Legal and Third-Party Risk Management, with an immediate ability to handle Operational Contracts and Purchase Requisitions.

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.

Land your dream remote job 3x faster with AI

Try Jobo Free