Director of Procurement

RCM-X; Chicago (IL); Hybrid; USD 170,000 - 200,000; Full time

Benefits offered by this job

Hybrid work model

22 days PTO per year

Volunteer day

Professional development days

401(k) retirement plan

Medical, Dental, Vision insurance

Transit and parking benefits

Job summary

Trading Technologies in Chicago seeks a strategic Director of Procurement to lead our global procurement organization, vendor management lifecycle, and governance frameworks. You will own indirect and direct procurement, vendor due diligence, DPAs, contract negotiations, and cost-optimization strategies across SaaS, Telecom, Market Data, CapEx and OpEx.

You will leverage modern procurement stacks (NetSuite, Coupa, Ironclad) to drive rigorous reporting, measurable savings, and data protection.

Qualifications

• 8–10+ years in procurement, sourcing, and vendor management in tech/finance environments.
• Proven ability to negotiate complex enterprise agreements (SaaS, Telecom, Market Data, CapEx, OpEx).
• Experience managing end-to-end M&A procurement integration and large-scale vendor consolidation.
• Hands-on experience with modern procurement/ERP platforms (Coupa, NetSuite, Ironclad).
• Bachelor’s degree in Supply Chain, Finance, or Business Admin; MBA a plus; CPSM/CIPP desirable.

Responsibilities

• Drive high-value, complex contract negotiations for SaaS, Telecom, Market Data, CapEx and OpEx to secure terms and SLAs.
• Lead vendor management, risk reviews, and KPI governance; support M&A integration activities.
• Standardize SOW creation, onboarding, benchmarking, and offboarding to manage contractor engagement and avoid rogue spending.
• Collaborate with FP&A to align procurement milestones with budgeting, forecasting and month-end closes.

Skills

Strategic sourcing

Vendor management

M&A integration

Negotiation

Data governance & privacy

Education

Bachelor’s degree in Supply Chain, Finance or Business Admin

Tools

Coupa

NetSuite

Ironclad

Job description

Trading Technologies

Multi-asset platform for capital markets

Director of Procurement

• Full Time
• Chicago

Website: Trading Technologies

Multi-asset platform for capital markets

We are seeking a strategic, results-driven Director of Procurement to lead our global procurement organization, vendor management lifecycle, and corporate governance frameworks. In this high-impact role, you will own company-wide indirect and direct procurement, vendor due diligence, third-party data protection, contract negotiations, and cost-optimization strategies.

You bring deep subject-matter expertise in negotiating complex enterprise agreements; specifically across SaaS, Telecom, Market Data, CapEx, and OpEx, while steering company-wide vendor consolidation and M&A integration initiatives. Acting as a key financial and risk steward, you will leverage modern procurement technology stacks (NetSuite, Coupa, Ironclad) to drive rigorous reporting, deliver measurable savings, and protect enterprise data.

Key Responsibilities

Strategic Sourcing & Category Management

• Drive high-value, complex contract negotiations and vendor selection for SaaS, Telecom, Market Data, Capital Expenditures (CapEx), and Operating Expenses (OpEx) to secure optimal commercial terms, pricing, and service-level agreements (SLAs).
• Develop and execute multi-year procurement roadmaps aligned with corporate growth, budget constraints, and operational objectives.
• Identify redundancies across the tech stack and vendor ecosystem; lead strategic rationalization and consolidation initiatives to minimize tail spend and maximize enterprise leverage.

Vendor Management & M&A Integration

• Oversee comprehensive risk assessment, financial stability checks, and compliance reviews for all third-party vendors and strategic partners.
• Play a pivotal leadership role in M&A due diligence, vendor audits, and post-merger integration of supply chains, contracts, and software systems.
• Establish robust KPI frameworks and regular review cadence with key suppliers to ensure accountability and high performance.

Contractor Lifecycle & Procurement Operations

• Standardize Statement of Work (SOW) creation, ensuring clear deliverables, milestones, Acceptance Criteria, and SLA enforcement across all departmental contractor engagements.
• Implement structured vendor onboarding, performance benchmarking, and offboarding protocols to manage contractor tenure limits and mitigate co-employment risk.
• Oversee the end-to-end Purchase Requisition (PR) to Purchase Order (PO) workflow for legal, IT, and specialized non-employee labor, establishing strict spend thresholds, approval matrices, and PO variance checks to eliminate rogue spending.
• Lead high-stakes commercial negotiations for contractor rate cards, volume discounts, master services agreements (MSAs), and SOW pricing models (time-and-materials vs. fixed fee).
• Audit contract renewal and extension pipelines 60–90 days prior to expiration to negotiate favorable terms, evaluate performance, or re-bid non-performing accounts.

Financial Lifecycle & FP&A Collaboration

• Partner closely with the Corporate Controller and FP&A team to ensure the complete financial lifecycle of all expenses is seamlessly captured, tracked, and reconciled from purchase requisition to general ledger posting.
• Collaborate on budget planning, rolling forecasts, and variance analysis, providing deep visibility into upcoming commitments, renewals, and milestone-based payments.
• Streamline the invoice-to-pay and accrual processes by aligning procurement milestones with accounting month-end closes and financial reporting requirements.

Compliance, Governance & Data Protection

• Design, implement, and enforce robust procurement governance policies that adhere to global regulatory requirements, industry standards, and internal corporate controls.
• Partner closely with Information Security, Legal, and Privacy teams to evaluate third-party risk, conducting rigorous security assessments for all vendors handling company or customer data.
• Ensure all vendor agreements strictly align with major data protection frameworks (such as GDPR, CCPA/CPRA, and SOC 2 Type II standards) regarding data collection, processing, storage, and cross-border transfer.
• Oversee the mandatory integration of robust Data Processing Agreements (DPAs) and strict data-destruction/offboarding clauses into every contract managed via Ironclad.
• Maintain comprehensive documentation and compliance checkpoints across all vendor contracts to ensure seamless internal and external audit readiness.

Systems, Analytics & Reporting

• Act as the internal champion and process owner for procurement platforms, utilizing Coupa (procure-to-pay), NetSuite (ERP), and Ironclad (contract lifecycle management) to streamline operations and ensure data integrity.
• Design, build, and present executive-level dashboards and reporting metrics tracking spend visibility, cost-avoidance, realized savings, and budget variance.
• Implement data-driven procurement methodologies to pinpoint cost-saving opportunities and forecast future cash flow needs accurately.

Skills, Knowledge and Expertise

Essential Skills & Experience

• Experience: Minimum of 8–10+ years of progressive procurement, strategic sourcing, and vendor management experience within high-growth tech, finance, or corporate environments.
• Negotiation Mastery: Demonstrated deep expertise in negotiating complex enterprise agreements for SaaS, global Telecom infrastructure, financial Market Data, CapEx, and OpEx.
• M&A & Consolidation: Proven track record of managing end-to-end M&A procurement integration and large-scale vendor consolidation projects.
• Tech Stack Proficiency: Advanced hands-on experience utilizing modern procurement and ERP platforms, specifically Coupa, NetSuite, and Ironclad.
• Governance & Privacy Knowledge: Strong understanding of third-party risk management, data security frameworks, and privacy regulations (GDPR, SOC 2 ,ISO).

Desirable Skills & Experience

• Education: Bachelor’s degree in Supply Chain Management, Finance, Business Administration, or a related field (MBA or Master’s degree is a plus).
• Certifications: Professional designations such as Certified Professional in Supply Management (CPSM) or Certified Information Privacy Professional (CIPP).
• ESG Integration: Experience implementing sustainable and ethical sourcing frameworks (ABAC, anti-modern slavery, and ESG criteria) throughout the supply chain.
• Executive Presence: Exceptional financial acumen, advanced contract law understanding, and a proven ability to influence C-suite stakeholders.

Benefits

Compensation

$170,000 – $200,000 / year

Competitive Benefits & Perks

We offer a comprehensive benefits package designed to support your well‑being, growth, and work‑life balance.

• Health & Financial Security:
  • Medical, Dental, and Vision insurance
  • Flexible Spending Accounts (FSA) & Health Savings Accounts (HSA)
  • 401(k) retirement plan
  • Pre‑tax transit and parking benefits
• Time Off & Flexibility:
  • Enjoy the best of both worlds: the energy and collaboration of in‑person work, combined with the convenience and focus of remote days. This is a hybrid position requiring three days of in‑office collaboration per week, with the flexibility to work remotely for the remaining two days. Our hybrid model is designed to balance individual flexibility with the benefits of in‑person collaboration, enhanced team cohesion, spontaneous innovation, hands‑on mentorship opportunities and strengthens our company culture.
  • 22 days of Paid Time Off (PTO) per year, with the option to roll over unused days.
  • One dedicated day per year for volunteering.
  • Two professional development days per year to allow uninterrupted professional development.
  • An additional PTO day added during milestone anniversary years.
  • Robust paid holiday schedule with early dismissal.
  • Generous parental leave for all parents (including adoptive parents).
• Work-Life Support & Resources:
  • Budget for tech accessories, including monitors, headphones, keyboards, and other office equipment.
  • Backup child and pet care, as well as tutoring services.
  • Milestone anniversary bonuses.
• Wellness & Lifestyle Perks:
  • Stipend and subsidy contributions toward personally‑owned cell phones
  • Contributions for gym memberships and health/wellness initiatives.
  • Discounted healthcare premiums.
  • Healthy meal delivery program subsidies.

Trading Technologies (www.tradingtechnologies.com) is a global capital markets platform services company providing market‑leading technology for the end‑to‑end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers, and risk managers. With its roots in listed derivatives, the Software‑as‑a‑Service (SaaS) company delivers “multi‑X” solutions, with “X” representing asset classes, functions, workflows, and geographies. This multi‑X approach features trade execution services across futures and options, fixed income, foreign exchange (FX), and cryptocurrencies, augmented by solutions for data and analytics, including transaction cost analysis (TCA); quantitative trading; compliance and trade surveillance; clearing and post‑trade allocation; and infrastructure services. The award‑winning TT platform ecosystem also helps exchanges deliver innovative solutions to their market participants and technology companies to distribute their complementary offerings to Trading Technologies’ clients.

Trading Technologies is backed by leading global investment firms Thoma Bravo, one of the world’s largest and most experienced software investors, and 7Ridge, a global growth equity firm focused on technology‑enabled businesses.

This investment supports Trading Technologies’ continued focus on product innovation, platform scalability, and long‑term growth for customers and partners worldwide.

Trading Technologies (TT) is an equal‑opportunity employer. Equal employment has been, and continues to be, a required practice at the Company.

Trading Technologies’ practice of equal employment opportunity is to recruit, hire, train, promote, and base all employment decisions on ability rather than race, color, religion, national origin, sex/gender orientation, age, disability, sexual orientation, genetic information, parental status, veteran, or any other protected status.

Additionally, TT participates in the E‑Verify Program for US offices.