Join us for our highly anticipated Annual Meeting, Greater Boston's top business convening of the year.
05/20/2025
4:30pm - 8:00pm
Omni Boston Hotel
This virtual event gives small business owners the chance to hear directly from procurement officers about opportunities to work with them.
05/29/2025
12:00pm - 1:00pm
Virtual
Join us for an exclusive networking event at the Museum of Fine Arts and enjoy self-guided tours of John Wilson and Van Gogh, showcasing the deep bond of family, friendship, and community.
06/05/2025
5:30pm - 8:30pm
Museum of Fine Arts
This program is in redevelopment. Click this page for DEI resources.
Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.
Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.
Join us on June 12 for a highly interactive virtual workshop with Strategic Career & Leadership Coach Carole-Ann Penney.
City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.
We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).
Small businesses are the backbone of the Boston economy. Learn more about the resources available through the Chamber.
BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.
For over 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.
The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.
Explore our mission and values to better understand how we are leading the business community forward.
Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.
The Federal Home Loan Bank of Boston (FHLBank Boston) is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. FHLBank Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region. Our highly skilled team of 200 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance. Position Summary Reporting to the bank’s Chief Information Officer, we are seeking a strategic and detail-focused Director, Vendor Management to create and lead a new vendor management team at FHLBank Boston. Working within the bank’s regulatory environment, this role will define the new department’s mission and practices, define department roles, hire staff, and implement the bank’s new vendor management model. This is an exciting opportunity to build a vendor management function from the ground up. The role, and department, will focus on delivering maximum value from our vendor relationships, driving operational efficiency, and ensuring compliance with our regulatory requirements. The ideal candidate will have strong leadership capabilities, excellent negotiation skills, experience working in a regulated industry, and a deep understanding of vendor management practices. The ideal candidate for this role is someone with current/recent experience with most aspects of this role. Prior vendor management leadership experience is required. This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially, up to 90 days. Specific Responsibilities Vendor Management Strategy • Develop and implement a comprehensive vendor management strategy aligned with bank goals, the bank’s regulatory framework, and industry best practices. • Establish performance metrics and improve the bank’s vendor evaluations to ensure vendors meet contractual obligations and service level agreements. • Orchestrate a risk-based approach to vendor selection, onboarding, and oversight, especially for critical vendors. Team Leadership • Build the bank’s first centralized vendor management team. • Develop a plan to migrate the bank’s vendor management workflows from its currently decentralized model to this new centralized team.• Lead and mentor a team of vendor management professionals, fostering a culture of accountability, collaboration, and continuous improvement. • Set team goals and provide regular feedback to ensure high performance and professional development. Procurement & Cost Optimization • Collaborate with the Legal department and business subject matter experts to negotiate contracts, pricing, and terms that maximize value while minimizing risk. • Identify opportunities to streamline vendor portfolios and reduce costs without compromising quality or service delivery. Stakeholder Collaboration • Partner with internal stakeholders (e.g., Legal, Compliance, Risk, IT, HR, and other bank departments) to ensure vendor engagements meet operational and regulatory requirements. • For many of the bank’s vendors, act as the primary point of contact between the company and its vendors, facilitating clear communication and issue resolution. • Work directly with the bank’s regulator, the Federal Housing and Finance Agency, on matters concerning vendor management.• Provide support and back-up for vendor-related activities in Legal and Human Resources. Risk & Compliance Oversight • In collaboration with the bank’s Enterprise Risk Management group and the bank’s Legal team, monitor compliance with applicable regulations and ensure vendors adhere to company policies. • In collaboration with the bank’s vendor management program, managed by the bank’s Legal department, orchestrate the bank’s program of vendor risk assessments of vendor relationships to identify and mitigate potential risks. Data Analytics & Reporting • Utilize data and analytics to monitor vendor performance and provide actionable insights to leadership. • Prepare and present regular reports on vendor performance, risk exposure, vendor cost, and vendor management team performance to executive stakeholders and our board of directors.
Popular Resources