Sr Technology Buyer

Chicago Mercantile Exchange•Chicago, IL

15d•Hybrid

About The Position

The role is for a highly motivated technology procurement professional with a focus on strategic sourcing, negotiation, and procurement execution. The Senior Technology Buyer is accountable for the end-to-end sourcing and contracting process, particularly for enterprise software, SaaS, and cloud services. Key Responsibilities: The primary duties center on developing and executing global sourcing strategies to achieve business objectives and to drive value for the business: Sourcing and Strategy: Proactively identifying, developing, and executing sourcing opportunities to drive cost savings, reduce risk, and improve business outcomes. Negotiation: Leading negotiations for new, potential, and incumbent suppliers, covering pricing, commercial terms, and legal terms (in collaboration with the legal team). Stakeholder Management: Building trusted relationships with senior leadership and internal partners to understand strategic business direction and priorities. Analysis and Management: Evaluating supplier core competencies using industry cost models, managing sourcing activities (RFx, spend analysis, contract analysis), and preparing business reviews with key stakeholders. Supplier Relationship Management: Managing critical supplier relationships, developing performance-based reviews, monitoring supplier performance, and leading the resolution of disputes. Procurement Execution: managing procurement transactions, data and reporting. On-going coordination of end-to-end procurement activities across the business. Software Procurement Skills Requirements: The required skills are centered around procurement expertise, analytical ability, and execution skills: Software Procurement/Contracting Expertise: Strong understanding of technology procurement, complex suppliers, contracting principles, and the ability to execute contract templates. Experience managing contracts with major software providers for cyber security and enterprise applications preferred. Technical/Analytical Skills: Excellent analytical and business application skills, and strong knowledge of procurement applications (preferably Workday). Sourcing Initiative Management and Soft Skills: Excellent communication, strong organizational and time management skills. The ability to close complex deals in a timely fashion is also required. Procurement Skills Requirements: Excellent understanding of procurement processes and industry best practices with 3 to 5 years of experience Excellent analytical skills for evaluating supplier bids and validation of total cost of ownership Strong business application skills (e.g., Google, MS, Workday) Strong knowledge and use of procurement applications (preferably in Workday) Strong understanding of contracting and commercial terms Soft Skills: Excellent communication Strong process execution and project management #LI-hybrid CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $78,900-$131,500. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents. CME Group: Where Futures are Made CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more. At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic. Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .

Requirements

Strong understanding of technology procurement, complex suppliers, contracting principles, and the ability to execute contract templates.
Experience managing contracts with major software providers for cyber security and enterprise applications preferred.
Excellent analytical and business application skills, and strong knowledge of procurement applications (preferably Workday).
Excellent communication, strong organizational and time management skills.
The ability to close complex deals in a timely fashion is also required.
Excellent understanding of procurement processes and industry best practices with 3 to 5 years of experience
Excellent analytical skills for evaluating supplier bids and validation of total cost of ownership
Strong business application skills (e.g., Google, MS, Workday)
Strong knowledge and use of procurement applications (preferably in Workday)
Strong understanding of contracting and commercial terms
Excellent communication
Strong process execution and project management

Responsibilities

Developing and executing global sourcing strategies to achieve business objectives and to drive value for the business
Proactively identifying, developing, and executing sourcing opportunities to drive cost savings, reduce risk, and improve business outcomes.
Leading negotiations for new, potential, and incumbent suppliers, covering pricing, commercial terms, and legal terms (in collaboration with the legal team).
Building trusted relationships with senior leadership and internal partners to understand strategic business direction and priorities.
Evaluating supplier core competencies using industry cost models, managing sourcing activities (RFx, spend analysis, contract analysis), and preparing business reviews with key stakeholders.
Managing critical supplier relationships, developing performance-based reviews, monitoring supplier performance, and leading the resolution of disputes.
Managing procurement transactions, data and reporting.
On-going coordination of end-to-end procurement activities across the business.

Benefits

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future.
Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program.
Through our benefits program, we strive to offer flexibility, value and choice.
From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

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