Director of Procurement

First Business Bank • Des Plaines, IL

3d • Hybrid

About The Position

Position at First Business Bank. First Business Bank is a Top Workplaces USA company. At the heart of First Business Bank, we believe success comes down to putting people first. Our people are our priority — they embody ambition, experience, and client focus. The result is extremely engaged employees who provide unmatched client satisfaction. With comprehensive total rewards to support our team members, a commitment to valuing each other’s differences, and a focus on improving our communities, we are confident you’ll find the experience is your advantage. We’re delighted you’re considering joining us! Work Model: Remote, requiring one day at our Madison, WI headquarters each month. Position Overview We're seeking a strategic and results-driven Director of Procurement to lead our enterprise procurement and vendor management program. This role is responsible for overseeing the full procure-to-pay (P2P) lifecycle, driving sourcing and vendor strategies, strengthening third-party risk management, and ensuring efficient, well-controlled purchasing and payment processes across the organization. Reporting to the Chief Risk Officer and partnering closely with Finance, Legal, IT, Operations, and business leaders, this leader will play a critical role in optimizing supplier relationships, controlling costs, and supporting organizational growth.

Requirements

• Bachelor’s degree in supply chain management, business administration, finance, accounting, risk management, or a related field.
• 7+ years of progressively responsible experience in procurement, strategic sourcing, supplier management, third-party risk management, procure-to-pay, finance operations, or a related discipline.
• Demonstrated experience leading complex sourcing initiatives and commercial negotiations.
• Strategic sourcing, category management, competitive bidding, commercial negotiation, and supplier-performance management.
• Contract lifecycle management and ability to identify matters requiring Legal or specialist review.
• P2P processes, Accounts Payable workflows, internal controls, delegated authority, and segregation of duties.
• Financial and spend analysis, budgeting, and cost-benefit analysis.
• Executive and Board-level written and verbal communication.
• Advanced Excel and reporting or visualization tools.

Responsibilities

• Negotiate supplier pricing, contracts, and business terms.
• Identify and deliver cost savings, process efficiencies, and vendor optimization opportunities.
• Oversee supplier performance reviews and vendor risk management throughout the contract lifecycle.
• Lead and enhance the company's Third-Party Risk Management program and procurement governance framework.
• Establish policies, procedures, controls, and approval structures for procurement and vendor management.
• Partner with Risk, Compliance, Legal, Finance, and IT to support regulatory exams, audits, and remediation efforts.
• Own and continuously improve the end-to-end procure-to-pay process.
• Collaborate with Finance to streamline purchasing, invoicing, approvals, and payment workflows.
• Support budgeting, vendor spend forecasting, and financial reporting.
• Ensure strong controls around vendor setup, purchasing authority, invoice approvals, employee expenses, and payment processes.
• Develop reporting and dashboards that provide visibility into spend, supplier performance, third-party risk, and procurement value.
• Deliver insights and recommendations to senior leadership and governance committees.
• Establish operational metrics, technology strategies, and scalable operating models that support growth and efficiency.

Benefits

• Comprehensive Health, Dental, and Vision plans
• Competitive compensation, with a focus on professional development and internal mobility
• Paid vacation time (15 days minimum per year)
• Paid sick leave (6 days per year)
• 1 day paid volunteer time
• 10 paid holidays (annually)
• Paid parental leave
• 401(k) program with company matching, plus additional profit sharing contribution
• Performance based annual incentive program
• Free and confidential Employee Assistance Program
• Wellness programs
• Education Assistance Program
• Employee Stock Purchase Program

What This Job Offers

• Job Type: Full-time
• Career Level: Director