CME Group · 1 month ago
Senior Buyer, Procurement - Marketing Services
Chicago - 20 S. Wacker
Full-time
Hybrid
Mid, Senior Level
$79K/yr - $132K/yr
3+ years expCME Group is the world’s leading derivatives marketplace, and they are seeking a Senior Buyer to lead the procurement process for marketing services. The role involves strategic sourcing, contract negotiation, and supplier relationship management to optimize marketing spend and drive innovation.
FinanceFinancial ServicesMarketplaceStock Exchanges
Responsibilities
Experience developing and executing strategic sourcing plans to identify, evaluate, and select the best marketing partners
Lead the end-to-end procurement process, including market analysis, needs assessment, and the development of RFPs
Assist with the development, negotiation, and management of co-operative marketing agreements to maximize shared promotional reach, align brand strategies, and ensure equitable resource allocation between partners
Stay updated on marketing trends, agency landscape changes, and new technologies to drive innovation
Negotiate complex, high-value agency contracts focusing on intellectual property rights, indemnification, and performance guarantees
Conduct detailed financial analysis of supplier proposals, agency rates, and production costs. Provide clear recommendations to leadership to ensure transparency in marketing spend and budgeting
Drive significant cost savings and cost avoidance through competitive bidding, process efficiencies, and effective negotiation of agency compensation models (e.g., fixed fees, retainers, performance-based incentives)
Conduct supplier performance reviews based on established KPIs (quality, cost, compliance, innovation) and drive continuous improvement initiatives
Act as the primary point of contact for internal stakeholders regarding contract compliance and supplier disputes
Build strong, collaborative relationships with key stakeholders in Marketing, Legal, and Finance, influencing alignment across functions and geographies
Ensure all sourcing activities adhere to internal procurement policies, regulatory requirements, and due diligence procedures
Manage urgent, high-profile, and non-standard supplier payments (e.g., one-time event speakers, complex international wire transfers) by coordinating time-sensitive onboarding, payment processing, and necessary compliance documentation across multiple internal teams
Qualification
Required
Education: Bachelor's degree in Supply Chain Management, Business, Finance, Marketing, or a related field
Experience: Minimum of 3 years in strategic sourcing, procurement, or relevant commercial/operational roles
Category Expertise: Proven experience in a procurement, buying, or sourcing role, specifically with a focus on marketing services (e.g., media buying, creative agencies, market research, digital services, MarTech)
Agency Compensation: Strong understanding of agency compensation models (fees, retainers, incentives)
Negotiation: Exceptional negotiation skills to secure favorable terms, pricing, and quality from vendors/agencies. Strong grasp of contract law and contract management
Marketing Strategy: A solid grasp of how marketing campaigns work, allowing the buyer to align procurement decisions with the company's overall marketing and business objectives
Technology Proficiency: Experience with procurement-specific software (e.g., SAP Ariba, Coupa), and ideally, marketing or media-buying platforms (e.g., Google Ads and DSPs)
Communication and Collaboration: Excellent verbal and written communication skills to articulate strategies, present reports, and clearly communicate needs to internal stakeholders and external vendors
Stakeholder Management: The ability to build strong, collaborative relationships with both internal marketing teams (the client) and external suppliers/agencies
Analytical and Critical Thinking: Strong ability to analyze complex data, solve problems, and make informed, data-driven decisions
Attention to Detail: Meticulous accuracy when dealing with contracts, purchase orders, financial reports, and campaign specifications
Benefits
Annual target bonus opportunity
Opportunity to become an owner in the company through our broad-based equity program
Comprehensive health coverage
Retirement package that includes both a 401(k) and an active pension plan
Highly competitive education reimbursement provisions
Paid time off
Mental health benefit
Company
CME Group
CME Group is a diverse derivatives marketplace that manages risk and capture opportunities.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$1BKey Investors
Google
2021-11-04Post Ipo Equity· $1B
2002-12-06IPO
Leadership Team
Lynne Fitzpatrick
President and CFO
Julie Holzrichter
Chief Operating Officer
Recent News
2026-01-22
2026-01-22
2026-01-18
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