Associate Principal, Sourcing & Procurement

The Options Clearing • Chicago, IL

74d • $89,600 - $128,700 • Hybrid

About The Position

Support the execution of strategic sourcing & business strategies in a collaborative team-based environment to achieve company goals. Work cross-functionally with key stakeholders to drive sourcing transactions with the goal of achieving significant initial cost reductions while maintaining/improving product quality and enhancing supplier service levels. This includes RFx development, facilitation, scorecard, analysis, vendor selection, negotiations and issue resolution.

Requirements

• 5-7 years of progressive experience in procurement, specifically in the technology space including contracting, sourcing and negotiations.
• Successful track record in a large procurement organization.
• Technology procurement experience (minimum 3 years).
• Strong ability to build relationships at all levels.
• Excellent verbal and written communication skills.
• Strong problem solving, conflict management and conceptual thinking abilities.
• Process driven with strong analytical acumen.
• Strong negotiation expertise with an understanding of key contracting concepts and legal terms.
• Ability to translate business requirements into agreements.
• Ability to lead cross-functional teams and reach consensus.
• Knowledge of financial analysis and management.
• Knowledge of IT asset management.
• Experience in risk management skills.

Nice To Haves

• Certified Professional in Supply Management (CPSM), Certified Professional in Supplier Diversity (CPSD), Chartered Institute of Procurement and Supply (CIPS) qualification or Member of the Chartered Institute of Procurement and Supply (MCIPS) is a plus.
• Master's degree or master's of business administration (MBA), or a juris doctor (JD).
• Formal training in negotiation.

Responsibilities

• Identify and evaluate procurement opportunities in alignment with strategic, operating and financial OCC objectives.
• Lead the negotiation and purchase of goods and services with a focus on the technology category.
• Partner with internal business clients to ensure that purchased goods and services meet their needs.
• Proactively seek ways to drive down total cost of ownership through competition and vendor relationships.
• Manage projects against an approved plan and objectives to ensure that commitments are met by monitoring, assessing and resolving variances in budget, timing or quality of work.
• Lead the negotiation strategy and negotiation team for agreements that deliver value to our stakeholders ensuring service, quality and added value maximizing the supplier's capabilities.
• Provide proactive, high-value procurement and contract negotiation consultation to the business through thorough understanding of the business needs.
• Drive sourcing and procurement plans for products, services and solutions that will optimize year-over-year total cost of ownership.
• Lead the development and management of RFP, RFQ and RFI.
• Maintain awareness of industry trends that have an impact on IT and business sourcing best practices.
• Identify and leverage relevant third-party market intelligence sources.
• Develop and maintain relationships with stakeholders (IT, business, legal, TPRM, vendor management, finance, and vendors) to lead major sourcing programs.
• Collaborate effectively across organization levels, functions and lines of business to realize procurement goals and objectives.
• Negotiate contractual agreements with consistent commercial terms satisfying regulatory requirements per OCC policy.
• Understand and adopt agile, pragmatic and fast-track principles into IT sourcing and procurement practices.
• Lead the evaluation of optimal sourcing and pricing options, taking into consideration outsourcing/cloud, hybrid and insourcing models.
• Manage purchase order process to ensure timely delivery of all required IT items.

Benefits

• A hybrid work environment, up to 2 days per week of remote work.
• Tuition Reimbursement to support your continued education.
• Student Loan Repayment Assistance.
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely.
• Generous PTO and Parental leave.
• 401k Employer Match.
• Competitive health benefits including medical, dental and vision.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees