Vice President, Procurement

Company: Avature
Location: Washington
Posted on: May 28, 2025

Job Description:

We are seeking a dynamic and experienced procurement professional to join our firm as Vice President of Strategic Sourcing and Procurement. This position is critical to the advancement of our global sourcing capability and plays a key role in enabling operational excellence across our business segments.The ideal candidate will be comfortable operating across complex organizational structures and thrive in a fast-paced, high-performance environment. They will bring strong commercial acumen, a data-driven mindset, and a flexible approach to drive cost savings, enhance the quality of services provided by third parties and mitigate supply risk, while ensuring compliance with regulatory obligations and internal controls.They must also have demonstrated experience leading Quarterly Business Reviews (QBRs), holding suppliers accountable through structured performance management, and developing and maintaining dashboards and metrics to track supplier performance, cost optimization, and sourcing effectiveness. The individual must also have a track record of negotiating a wide range of supplier agreements, including master agreements. A deep understanding of service level agreements (SLAs) and how to define, monitor, and enforce them as part of supplier performance management is essential.The successful candidate will also be expected to stay current on emerging technologies and developments in AI, and proactively identify opportunities to leverage innovation for the firm and investment professionals.The work location is Washington D.C. This role requires a presence in the office four days per week. No travel is expected.ResponsibilitiesDay-to-day activities "Value Creation & Cost Optimization: 85% of time

• Review and negotiate supplier contracts; Ensure contracts, including master agreements, SLAs, and scopes of work, are structured to protect the firm and deliver measurable value
• Collaborate with cross-functional teams-including legal, compliance, IT, TPRM and business stakeholders-to align procurement with firmwide objectives and regulatory requirements
• Lead strategic sourcing, driving cost efficiency, service quality, and risk mitigation
• Manage and improve dashboards, KPIs, and reporting frameworks to track supplier performance, cost savings, compliance, and sourcing effectiveness
• Conduct and lead Quarterly Business Reviews (QBRs) with key/strategic suppliers to ensure accountability, resolve issues, and align on performance expectations
  • Review and negotiate supplier contracts; Ensure contracts, including master agreements, SLAs, and scopes of work, are structured to protect the firm and deliver measurable value
  • Collaborate with cross-functional teams-including legal, compliance, IT, TPRM and business stakeholders-to align procurement with firmwide objectives and regulatory requirements
  • Lead strategic sourcing, driving cost efficiency, service quality, and risk mitigation
  • Manage and improve dashboards, KPIs, and reporting frameworks to track supplier performance, cost savings, compliance, and sourcing effectiveness
  • Conduct and lead Quarterly Business Reviews (QBRs) with key/strategic suppliers to ensure accountability, resolve issues, and align on performance expectationsSupervisory: 15% of time
    
    • Oversee activities of the contract management team and provide guidance
    • Oversee adherence to procurement policies, processes, and internal controls across the teamQualificationsEducation & CertificatesProfessional Experience
      • Minimum of 12 years of overall relevant experience, required
      • 7+ years of procurement experience, preferably within investment banking, asset management, or private equity; candidates with manufacturing industry experience in indirect spend (e.g., IT, professional services) will also be considered
      • Extensive knowledge of supplier contracts, including the function and purpose of key legal terms, and solid experience in reviewing and negotiating a wide range of agreements, including master agreements
      • Strong understanding of service level agreements (SLAs), with the ability to define, monitor, and enforce performance standards
      • Demonstrated experience with vendor management programs, including leading Quarterly Business Reviews (QBRs) and tracking supplier accountability through performance metrics and dashboards
      • Knowledge of various outsourcing and offshoring models, such as managed services, staff augmentation, and other delivery structures
      • Experience working closely with TPRM, legal, and compliance teams to operationalize regulatory and internal policy requirements
      • Familiarity with emerging technologies and developments in AI
      • Customer-focused, taking the time to understand the needs of the business
      • High attention to detail and proven ability to manage multiple and competing priorities simultaneously
      • Superior work ethic, strong problem-solving skills, and process oriented
      • Ability to work independently with strong follow-through skills
      • Easily collaborates with peers and seeks ways to "keep the ball rolling"
      • Acute awareness/sensitivity to deadlines and departmental SLAs
      • Excellent proficiency in Microsoft Office, including Word, Excel, and PowerPoint, as well as Adobe Acrobat
      • Expertise in spend analytics and development of management dashboards
      • Familiarity with generative AI modelsThe compensation range for this role is specific to Washington, DC and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.The anticipated base salary range for this role is $185,000 to $205,000.In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.Due to the high volume of candidates, please be advised that only candidates selected to interview will be contacted by Carlyle.Company InformationThe Carlyle Group (NASDAQ: CG) is a global investment firm with $453 billion of assets under management and more than half of the AUM managed by women, across 641 investment vehicles as of March 31, 2025. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,300 professionals operating in 29 offices in North America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Carlyle AlpInvest - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.At Carlyle, we believe that a wide spectrum of experiences and viewpoints drives performance and success. Our CEO, Harvey Schwartz, has stated that, "To build better businesses and create value for all of our stakeholders, we are focused on assembling leadership teams with the strongest insights from a range of perspectives." We strive to foster an environment where ideas are openly shared and valued. By bringing together teams with varied expertise and approaches, we enjoy a competitive advantage and create a stronger foundation for long-term success.
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Keywords: Avature, Sterling , Vice President, Procurement, Executive , Washington, Virginia