Patrick Coster Email and Phone Number
Patrick Coster work email
- Valid
- Valid
- Valid
- Valid
- Valid
Patrick Coster personal email
- Valid
A senior Sourcing, Procurement, and Third Party Risk Management leader with expertise in driving corporate transformations and leading large global teams. Results-driven, self-motivated professional who is recognized as a highly effective leader that can build, develop, and motivate teams to work together and successfully deliver against common strategic goals and objectives. Proven ability to cultivate and strengthen trusted partnerships across all levels of an organization to facilitate change within complex and fast paced environments. Demonstrated results in achieving cost savings, managing and mitigating supplier risk, and effectively driving corporate wide initiatives. Experience: | Strategic Sourcing | Third Party Risk Management | Cost Savings | Contract Negotiations | Procurement | Supply Management | Demand Management | Spend Analytics | Real Estate & Facilities | Travel Management | Vendor Management | Partnership Building | Team Building | Team Development |
Federal Reserve Bank Of New York
View- Website:
- newyorkfed.org
- Employees:
- 3310
-
Senior Vice President And Chief Procurement OfficerFederal Reserve Bank Of New YorkNew York, Ny, Us -
Senior Vice President & Chief Procurement OfficerFederal Reserve Bank Of New York Mar 2018 - PresentNew York, Ny, UsManage a team of 40 employees across four key disciplines:• Strategic Sourcing: The Strategic Sourcing program is focused on the effective management of the Bank's vendor spend by leading business areas through the Bank’s Acquisition Policy• Third Party Risk Management: The TPRM framework identifies, assesses, quantifies, monitors, and mitigates third party risk. The framework is based on sound risk management principles that identifies practices in each of the three stages of the risk management life cycle of a third-party relationship: 1. Onboarding, 2. Monitoring, and 3. Offboarding• Purchase Order Operations: Responsible for performing Purchase Order (PO) activities required for completing and recording the Bank’s acquisition of goods and services from third party vendors• Supplier Diversity: The Supplier Diversity program ensures that diverse suppliers interested and qualified to do business with the FRBNY have an opportunity to do so. -
Independent Consultant - Third Party Risk ManagementScotiabank May 2017 - Mar 2018Toronto, Ontario, CaGlobal project lead to remediate regulatory issues related to Third Party Risk Management (TPRM):• Created and executed global TPRM project plan and strategy to identify and remediate regulatory findings• Developed country specific TPRM policies, procedures, and reports to satisfy local regulatory requirements• Partnered with senior management across Risk, Sourcing, and Audit to present TPRM recommendations to regulators -
Vice President Global ProcurementE*Trade Financial Corporation Oct 2014 - Aug 2016UsDirected 30 employees and over 250 contingent workers globally across four key disciplines:• Strategic Sourcing- Led a team of sourcing professionals across the firm's IT and Non IT $1 billion expense base- Increased cost savings through the execution of RFPs and reverse auctions- Redesigned the sourcing support model to maximize savings while optimizing contract support- Integrated sourcing into the risk management process to mitigate supplier risk• Corporate Real Estate & Facilities- Facilities Management: owned full accountability for the firm's one million square ft global footprint- Transactional Management: achieved significant savings through the restructuring of leases- Project Management: oversaw global construction and upgrade programs on time and on budget• Physical Security- Managed all security responsibilities including guards, building access, & video surveillance- Directed a team that monitored & responded to all emergencies securing the safety of staff globally• Travel Services- Managed the corporate travel program to meet the travel needs of all 3,500 employees- Achieved significant savings through contract negotiations with airlines and hotel chains- Successfully spearheaded a full OCC supplier audit to ensure third party security compliance -
Director Global EfficiencyCredit Suisse Apr 2009 - Oct 2014Zurich, ChExpense ManagementLed a global team of Sourcing managers to identify, analyze and implement cost savings initiatives across Corporate Real Estate, Human Resources and Professional Services with an approximate $3 billion expense base.• Savings - through the development and execution of supply management, demand management, and vendor management strategies, achieved $130 million in savings in 2013• Partnerships - established new strategic partnerships with key internal stakeholders allowing the team to drive cost saving initiatives in expense categories previously considered out of scope• Integration - integrated and restructured the sourcing and expense management organizations that led to a combined global team with a more effective business aligned operating model -
Senior Vice President Global Sourcing & Demand ManagementLehman Brothers / Barclays Capital Jun 2004 - Apr 2009UsManaged a global sourcing organization for all products and services procured within the firm’s $4 billion expense base. Core responsibilities include creating and executing sourcing strategies for all expense lines.• Increased cost reduction savings from $6 million in 2004 to $220 million in 2008• Reduced contract backlog by 40% by implementing a risk based Purchase Order approach• Developed metrics to monitor and track sourcing manager’s performanceSuccessfully navigated the Lehman Brothers bankruptcy and transitioned the Lehman global sourcing team to Barclays Capital. During the time of employment Lehman Brothers was acquired by Barclays Capital. -
Vice President Strategic SourcingJp Morgan Chase 1992 - 2004New York, Ny, UsResponsible for creating sourcing strategies for End User technologies including hardware, software and technology services. Worked with Product Managers to achieve compelling economic and quality benefits that result from leveraging the technology buying power of the firm.• Achieved savings in End User technologies of $107 million over 2 years• Applied Six Sigma project methodologies and tools to large scale sourcing initiatives
Patrick Coster Skills
Patrick Coster Education Details
-
Old Dominion UniversityBachelor Of Science In Business Administration -
Millfield School, Somerset U.K.Business Studies I Engineering Drawing
Frequently Asked Questions about Patrick Coster
What company does Patrick Coster work for?
Patrick Coster works for Federal Reserve Bank Of New York
What is Patrick Coster's role at the current company?
Patrick Coster's current role is Senior Vice President and Chief Procurement Officer.
What is Patrick Coster's email address?
Patrick Coster's email address is pa****@****ail.com
What schools did Patrick Coster attend?
Patrick Coster attended Old Dominion University, Millfield School, Somerset U.k..
What skills is Patrick Coster known for?
Patrick Coster has skills like Vendor Management, Strategic Sourcing, Management, Process Improvement, Risk Management, Financial Modeling, Business Analysis, Investment Banking, Capital Markets, Change Management, Business Process Improvement, Financial Services.
Who are Patrick Coster's colleagues?
Patrick Coster's colleagues are Steven B. Schoen, Michele Kalstein, Martin Bain, Jonathan Berk, Sanika Shastri, Debra Lennard-Smith, Anna Snider.
Free Chrome Extension
Find emails, phones & company data instantly
Aero Online
Your AI prospecting assistant
Select data to include:
0 records × $0.02 per record
Download 750 million emails and 100 million phone numbers
Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.
Start your free trial