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The Options Clearing Corporation (OCC) · 2 months ago

Associate Principal, Sourcing & Procurement

Chicago - 125 S Franklin

Full-time

Hybrid

Senior Level

$90K/yr - $129K/yr

5+ years exp

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization, dedicated to promoting stability and market integrity. The Associate Principal, Sourcing & Procurement will support strategic sourcing and business strategies, collaborating with stakeholders to drive sourcing transactions and achieve cost reductions while maintaining product quality.

FinanceFinancial ServicesProperty Management

No H1B

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 through external advisory services, internal procurement and vendor management teams and good working relationships with existing and emerging strategic vendors used by the enterprise

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

Qualification

Technology procurementProcurement experienceNegotiation expertiseFinancial analysisIT asset managementERP system experienceMicrosoft OfficeConceptual thinkingAnalytical acumenRisk managementRelationship buildingProblem solvingConflict managementCross-functional leadershipCommunication skills

Required

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

Proficient with Microsoft Office

ERP system experience

Bachelor's degree in business management, supply chain, information technology or a related field, or an equivalent combination of experience, skills, training and education

Preferred

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