Patrick Coster Email & Phone Number

New York, Ny, Us

New York, Ny, Us

Manage 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.

Toronto, Ontario, Ca

Global 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

Us

Directed 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

Zurich, Ch

Expense 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

Us

Managed 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.

New York, Ny, Us

Responsible 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

Bachelor Of Science In Business Administration

Business Studies I Engineering Drawing