Job Description

Overview

Leading proprietary trading firm is looking for a Procurement Specialist to help optimize the firm’s technology business strategy while enhancing operational excellence and driving continuous improvement efforts across the firm.

You will drive a wide variety of cost optimization projects, all while partnering with trading, accounting, development, and operations teams. If you are interested in utilizing and furthering your experience towards making a significant impact in both the business and technical sides of a proprietary trading firm while leveraging your procurement expertise, this role will provide that opportunity!

Responsibilities

• Strategic Sourcing/Purchasing –Manage purchasing process workflow to ensure the right allocation methodology, while partnering with trading, development, and IT to understand upcoming requirements and business needs. Solicit best pricing and terms from vendors - including working with internal stakeholders to design scopes and understand potential costs/savings.
• Asset Management – Monitor and ensure consistent inventory of assets while working with the service manager to build the right charge-back models with CFO/accounting team.
• Process Development – Design and implement continuous updates to the procurement process in an effort to make the end-to-end process more efficient and mature. Find new opportunities to streamline and automate day-to-day processes.
• Vendor Relationship Management – Build long-term relationships with key suppliers, including exchanges, market data providers, and 3rd party technology service providers. Conduct regular vendor performance reviews to identify areas to improve service and transparency with the highest spend vendors.
• Contract and Pricing Review & Negotiation – Negotiate pricing on net-new contracts and renewals to ensure our firm continues to receive discounts competitive to the market.
• Daily Procurement Operations – Oversee day-to-day purchasing - working with A/P, Legal, technical teams, and vendors to purchase routine hardware, software, and services in a standardized fashion. Track renewals of recurring spend to facilitate timely contract review and execution. Lead proactive communication with internal stakeholders with updates on expected timelines and progress of purchase requests

Requirements

• 3-5 years of experience in procurement, operations, or finance; trading/industry knowledge a plus
• A high aptitude for understanding the technical components we buy/rely on to support our trading and corporate infrastructure, along with high curiosity of how those purchasing decisions tie back to firm profitability
• Strong communication, organizational, and analytical skills
• Persistence required to relentlessly question issues at hand until you have identified the root problem
• The ability to multitask and drive multiple projects simultaneously while operating in a fast-paced environment
• Strong risk awareness and the ability to identify imminent risks to the business
• Ability to identify and resolve operational inefficiencies not only in the procurement process, but in other tangential areas.
• Proficiency with JIRA a plus
• Basic programming and database experience a plus

Benefits:

• Discretionary bonus eligibility
• Medical, dental, and vision insurance
• HSA, FSA, and Dependent Care options
• Employer Paid Group Term Life and AD&D Insurance
• Voluntary LTD, Life & AD&D insurance
• Flexible vacation policy
• Retirement plan with employer match
• Paid parental leave
• Wellness Programs

Annual compensation range: $100 - 120K base + discretionary bonus

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