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Santander

Procurement Associate

Reposted Yesterday
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In-Office
Boston, MA
71K-123K Annually
Senior level
In-Office
Boston, MA
71K-123K Annually
Senior level
The Procurement Associate manages supplier relationships and supports sourcing initiatives to drive cost optimization, compliance, and operational efficiency within the bank.
The summary above was generated by AI
Procurement Associate

Country: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

The Procurement Associate manages supplier and internal stakeholder relationships and supports key business initiatives across various categories (e.g., Marketing, Human Resources, Consulting). The role promotes procurement policies, practices, and procedures and supports enterprise-wide cost management and efficiency objectives.


Position Summary

The Procurement Associate supports the Procurement team by managing supplier relationships, partnering closely with internal stakeholders, and driving key sourcing and cost optimization initiatives across the bank. This role influences procurement best practices, executes competitive sourcing RFPs, reviews contracts for risk and compliance, and delivers reporting and insights to management. The candidate will lead supplier management activities, identify cost savings opportunities through spend analysis, support system and process improvements, and help ensure strong governance, documentation, and operational execution within the Procurement team.

  • Lead and execute competitive sourcing events (RFPs/RFQs), negotiating with suppliers to drive cost optimization, commercial value, and budget savings.

  • Identify strategic sourcing opportunities through spend analysis, market intelligence, and stakeholder engagement.

  • Partner with management to validate vendor pricing, scope of services, and contract terms to ensure commercial accuracy and alignment with business objectives.

  • Review Third Party Provider contract revisions to confirm compliance with regulatory, legal, and internal policy requirements, and prepare risk assessment reports with remediation plans as needed.

  • Implement and support procurement systems, process enhancements, and performance management frameworks (including KPIs and compliance metrics) to improve governance, transparency, and operational effectiveness.

  • Influence and promote adoption of enterprise-wide procurement standards, tools, and evolving best practices in partnership with key business lines.

  • Coordinate cross-functional teams and internal resources to deliver sourcing initiatives on time and within scope, ensuring clear communication, alignment, and documentation of requirements.

  • Identify and recommend cost savings and value-enhancement initiatives to procurement leadership.

  • Provide guidance to internal business partners on procurement processes and mentor junior procurement professionals; deliver vendor performance and program reporting to stakeholders and regulators as required.


What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

  • Bachelor's Degree or equivalent work experience: Operations, Finance, Business - Required

Professional Experience:

  • 5+ Years Procurement - Required

  • 5+ Years Relevant experience - Required

Language:

  • English – Required

  • Spanish – Preferred

Hard Skills:

  • Procurement and contracting experience

  • Proficient sourcing and procurement knowledge

  • Proficient understanding of business/financial principles

  • Proficient understanding of contract language terms and conditions

  • Proficient MS Office Skills (Word, Excel, PowerPoint)

  • Strong planning and analytical skills

  • Demonstrated project management skills

  • Demonstrated negotiation skills

  • Excellent research, analytical, and problem-solving skills

Soft Skills:

  • Exceptional interpersonal and customer service skills to influence cross-functional stakeholders, resolve complex issues, and maintain a high standard of service excellence through clear communication, responsiveness, and professionalism

  • Strong verbal and written communication skills

  • Ability to manage multiple projects with competing priorities

It Would Be Nice For You To Have:

  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

  • Experience in Microsoft Office products.

  • Bilingual (English and Spanish)

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

$71,250.00 USD

Maximum:

$122,500.00 USD


We Value Your Impact:

Your contribution matters and it’s recognized.  You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers.  Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com) 

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.


EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [email protected] to discuss your needs.

Top Skills

MS Office
Procurement Systems

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