Frank Parraz
About Frank Parraz
Frank Parraz serves as the Vice President of Strategic Sourcing at City National Bank, where he has worked since 2021. He has extensive experience in procurement and strategic sourcing, with a focus on optimizing total cost of ownership and implementing advanced procurement systems.
Work at City National Bank
Frank Parraz has served as Vice President of Strategic Sourcing at City National Bank since 2021. In this role, he focuses on optimizing the total cost of ownership through various strategic sourcing initiatives. His expertise in procurement and sourcing contributes to the bank's operational efficiency and cost management.
Previous Experience in Procurement
Prior to his current position, Frank Parraz worked at First 5 LA as Manager of Procurement Operations for eight months in 2021. He also held several roles at Green Dot Corporation, including Director of Corporate Procurement from 2011 to 2013 and VP/Director of Procurement & Vendor Management from 2013 to 2020. His experience spans various aspects of procurement, including corporate procurement management at Sony Pictures Entertainment.
Education and Expertise
Frank Parraz studied Management and Operations Management at the University of Phoenix, where he earned a Bachelor's degree. He also attended Pepperdine University, focusing on Business Administration and Management, and has completed coursework toward an MBA. His educational background is complemented by his expertise in procurement systems such as SAP, Oracle, and Ariba, as well as process re-engineering and e-procurement technology implementation.
Background in Corporate Procurement
Frank Parraz has a comprehensive background in corporate procurement, having worked at notable companies such as Sony Pictures Entertainment and Universal Studios Inc. His roles included Corporate Procurement Manager and Director of Procurement at Sony, where he was involved in various procurement strategies and operations. His work in these positions has equipped him with a strong foundation in M&A evaluation related to procurement and sourcing.
Specialization in Strategic Sourcing
Frank Parraz specializes in developing innovative strategies aimed at improving efficiency and maximizing return on investment (ROI). His focus on strategic sourcing initiatives is designed to enhance organizational performance and reduce costs. His experience in the field has established him as a knowledgeable professional in optimizing procurement processes.