Sr Buyer - Indirect Procurement

Interactive Brokers; Mumbai; Hybrid; INR 1,200,000 - 2,200,000; Full time

Benefits offered by this job

Hybrid working model (3 days office)

Group Medical & Life Insurance

Modern offices with amenities

Monthly food card

Company-paid snacks

Team-building events

Shift allowance with pickup & drop

Employee referral bonus

Discretionary bonuses (stocks)

Management-sponsored events

Job summary

Interactive Brokers is seeking a Sr. Buyer – Indirect Procurement to lead sourcing projects for IT, HR, Professional Services, and more, driving P2P processes and supplier engagement from market analysis to PO management.

You will negotiate, manage risk, develop supplier scorecards, and collaborate with internal teams to optimize total cost of ownership while maintaining strong supplier relationships and timely deliveries.

Qualifications

• 5–7 years of procurement experience.
• Strong negotiation, analytical, and reporting skills.
• Experience with cost model development.
• Cross-functional collaboration is essential.
• Excellent verbal and written communication skills.
• Knowledge of IT, HR, Professional Services procurement is preferred.

Responsibilities

• Lead sourcing projects from analysis to PO management.
• Conduct market analysis, RFx, risk assessment, negotiations, and contract execution.
• Support supplier risk assessment and due diligence.
• Develop strong relationships with internal business partners.
• Drive cost-saving initiatives to meet company goals.
• Determine total cost of ownership for procured products and services.
• Review contracts and order forms across categories.
• Coordinate with AP and suppliers to resolve invoices and payment issues.

Skills

Negotiation

Analytical skills

Reporting skills

Communication

Team player

Education

BS/BA in related field

Tools

Source to Pay software

Job description

Job Description:

About The Company

Interactive Brokers Group, Inc. (NASDAQ: IBKR), a member of the S&P 500, is a global financial services company headquartered in Greenwich, Connecticut, with offices in over 15 countries. Through its affiliates, Interactive Brokers provides automated trade execution and custody of securities, commodities, foreign exchange, and prediction markets on over 170 markets in numerous countries and currencies.

For more than four decades, Interactive Brokers has focused on technology, automation, and innovation to provide clients worldwide with a sophisticated, unified platform to manage their investment portfolios. We serve individual investors, hedge funds, proprietary trading groups, financial advisors, and introducing brokers.

Our culture is driven by problem-solving, efficiency, and continuous improvement. We look for individuals who are intellectually curious, collaborative, and motivated to contribute to technology that helps simplify and enhance access to global financial markets. Interactive Brokers has consistently been recognized as a top broker by respected industry sources including Barron’s, Investopedia, Stockbrokers.com, and others.

Sr. Buyer – Indirect Procurement

Senior Buyer is responsible for supporting procurement and vendor management activities for various indirect goods and services, including IT, HR, Professional Services, Transportation, Legal, through a systematic procure to pay process.

Job Responsibilities

• Lead assigned sourcing projects and drives them to successful completion, including market analysis, RFx process, risk assessment and due diligence, commercial negotiations, contract execution, and Purchase Order management.
• Perform tactical (BAU) procurement activities per the framework/guidelines defined.
• Support the supplier risk assessment and due diligence process.
• Develop strong relationships with internal business partners.
• Drive cost‑saving initiatives to align with company goals.
• Determine total cost of ownership for products and services procured.
• Participate in the evaluation of supplier capabilities, cost structure, risks, and ongoing performance monitoring etc.
• Develop supplier scorecards / ratings on an ongoing basis to measure supplier performance.
• Issue Purchase orders and track deliveries.
• Actively work with AP and suppliers to resolve any invoice and payment issues.
• Manage vendor catalogs and work with Category Leaders and business to keep them current.
• Ability to review/redline contracts/Order Forms across multiple procurement categories.

Qualifications

• BS or BA in Purchasing, Finance, Economics, Accounting, Engineering, Information Technology or other business-related field
• 5 – 7 years’ relevant procurement experience
• Solid negotiation, analytical and reporting skills
• Expertise in financial analysis with knowledge in cost model development
• Team player with the ability to work on cross-functional teams
• Excellent verbal and written communication skills
• Strong computer skills and hands on with one of the Source to Pay solution
• Strong organizational and project management skills
• Ability to collaborate effectively with IT, legal, procurement, finance and other departments as needed to accomplish daily tasks and issues.
• Comfortable with engaging suppliers and leading internal calls for project resolution
• Experienced with summarizing and effectively communicating contract summary to senior executives
• Ability to determine prioritization of sourcing funnels and actively work with Category Leaders.

Company Benefits & Perks

• Competitive salary package.
• Performance-based annual bonus (cash and stocks).
• Hybrid working model (3 days office/week).
• Group Medical & Life Insurance.
• Modern offices with free amenities & fully stocked cafeterias.
• Monthly food card & company-paid snacks.
• Hardship/shift allowance with company-provided pickup & drop facility*
• Attractive employee referral bonus.
• Frequent company-sponsored team-building events and outings.
• Depending upon the shifts.
• The benefits package is subject to change at the management's discretion.