CME Group · 7 hours ago
Head of Procurement
Chicago, IL
Full-time
Hybrid
Director/Executive
$190K/yr - $317K/yrCME Group is the world’s leading derivatives marketplace, and they are seeking a visionary Head of Procurement to lead their global procurement function. This role involves overseeing supplier relationship management, developing procurement strategies, and ensuring alignment with the company's business objectives and financial goals.
FinanceFinancial ServicesMarketplaceStock Exchanges
Responsibilities
Champion a forward-looking procurement strategy that aligns directly with the company's overarching business objectives and financial goals
Define and implement a vision for procurement that leverages innovative best practices, emerging technologies, and data-driven methodologies to enhance efficiency and effectiveness
Establish and govern key performance indicators (KPIs) to drive continuous improvement and ensure compliance with our organizational standards
Direct the full supplier lifecycle, from strategic sourcing and selection to negotiation, contract management, and performance evaluation, ensuring optimal value and risk mitigation
Cultivate and strengthen strategic relationships with key suppliers, fostering long-term, mutually beneficial partnerships
Lead high-stakes negotiations to secure advantageous terms, pricing, and service level agreements that drive significant cost savings and efficiencies
Integrate the procurement function seamlessly with key internal stakeholders, including finance, legal, and risk management, to ensure alignment and collective success
Act as the primary point of contact and subject matter expert for all procurement matters, providing strategic guidance and expertise across the organization
Communicate and present procurement strategies, initiatives, and results to executive leadership, articulating the function's value and impact on the business
Qualification
Required
Exceptional executive leadership, negotiation, and communication skills
Deep understanding of procurement best practices, strategic sourcing, and third-party risk management methodologies
Proven ability to manage complex projects and drive large-scale organizational change
Proficiency in procurement technologies and enterprise resource planning (ERP) systems
Strong analytical and problem-solving abilities to navigate complex challenges and opportunities
High level of integrity and a commitment to ethical conduct
Preferred
Familiarity with Workday Strategic Sourcing, Archer, and Conga CLM
Benefits
Comprehensive health coverage
A retirement package that includes both a 401(k) and an active pension plan
Highly competitive education reimbursement provisions
Paid time off
A mental health benefit
Company
CME Group
CME Group is a diverse derivatives marketplace that manages risk and capture opportunities.
Founded in 1848
1001-5000 employees
H1B Sponsorship
CME Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (1)
2023 (1)
2022 (3)
2021 (2)
2020 (9)
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
2026-01-25
2026-01-22
2026-01-22
Company data provided by crunchbase