Sr Buyer - Indirect Procurement

Interactive Brokers Group; Mumbai; Hybrid; INR 1,600,000 - 2,200,000; Full time

Benefits offered by this job

Salary package

Bonus program

Hybrid work

Insurance

Modern offices

Food card

Shift allowance

Referral bonus

Team events

Job summary

Interactive Brokers Group, Inc. invites a Senior Buyer to support indirect procurement, from IT to professional services. You will drive market analysis, RFx processes, and negotiations while partnering with internal teams to optimize total cost of ownership.

The role emphasizes supplier risk assessment, cross-functional collaboration, and cost-saving initiatives in a Hybrid work model with competitive compensation.

Qualifications

• 5–7 years of procurement experience
• Experience negotiating contracts and supplier agreements
• Experience with cost modeling and financial analysis
• Strong communication and teamwork skills
• Familiarity with IT, HR, Professional Services categories

Responsibilities

• Lead sourcing projects from market analysis to PO management
• Conduct RFx, due diligence, and negotiations
• Assess supplier risk and performance
• Develop supplier scorecards and manage catalogs
• Collaborate with IT, legal, procurement and finance teams
• Resolve invoice or payment issues with AP and suppliers
• Review contracts and order forms across categories

Skills

Negotiation

Analytical skills

Reporting

Financial analysis

Cost modeling

Cross-functional teamwork

Communication

IT procurement

Project management

Supplier engagement

Education

BS/BA in Purchasing, Finance, Economics, Accounting, Engineering or IT (or related)

Tools

Source-to-Pay systems

Job description

Posted Friday, August 28, 2026 at 12:30 AM

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.