Head of Procurement

OSTTRA Group; Philadelphia (Philadelphia County); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Paid Parental Leave

Paid Time Off

Referral bonus

Employee Ownership

Professional Development Assistance

Job summary

OSTTRA Group seeks a Head of Procurement to lead enterprise procurement and strategic sourcing across major spend categories. You will negotiate large vendor agreements, manage third-party risk, and partner with Legal, IT, Risk, and Finance to optimize contracts and supplier performance.

The role requires building governance, driving cost optimization, and delivering measurable savings while aligning procurement with business goals and regulatory requirements.

Qualifications

• Bachelor’s degree required; advanced degree or certification preferred.
• 10+ years in procurement, sourcing, vendor management, or related finance roles.
• Experience leading procurement in financial services or asset management is a plus.

Responsibilities

• Lead enterprise procurement and strategic sourcing strategy aligned with objectives.
• Negotiate significant vendor agreements and renewals with cross-functional teams.
• Manage third-party risk, due diligence, and supplier performance standards.
• Develop and monitor procurement governance, controls, and reporting.
• Partner with Legal, IT, Risk, Finance and business leaders on contracts.
• Drive cost optimization, spend visibility, and savings realization.

Skills

Strategic sourcing

Negotiation

Supplier relationships

Governance & compliance

Stakeholder management

Risk management

Education

Bachelor’s degree in finance, business, economics, or related discipline

Advanced degree or relevant professional certification preferred

Job description

The Head of Procurement is responsible for leading the firm’s enterprise procurement and strategic sourcing function, ensuring that third-party goods and services are acquired in a cost-effective, disciplined, transparent, and risk-conscious manner.

This executive will develop and execute the firm’s procurement strategy, establish sourcing and vendor management standards, lead major contract negotiations, improve visibility into third-party spend, and partner with business leaders to optimize the firm’s vendor portfolio.

The Head of Procurement will work closely with partners across corporate departments, including but not limited to Legal, Compliance, Information Security, Technology, Risk, and senior business leadership to balance commercial objectives with regulatory, operational, cybersecurity, privacy, and reputational considerations

What you are good at:

• Developing and executing strategic sourcing approaches, leading procurement teams and initiatives, and aligning purchasing activities with organizational goals to maximize value and efficiency.
• Negotiating favorable terms, managing contractual obligations and commercial performance, and ensuring agreements deliver value while minimizing financial and operational risk.
• Building and managing strategic supplier relationships, monitoring performance and service delivery, and mitigating third-party risks to ensure consistent value and business continuity
• Establishing effective policies, controls, and oversight to manage risks, ensure accountability, and maintain compliance with legal, regulatory, and organizational requirements.

Responsibilities:

Procurement Strategy & Leadership

• Develop and lead an enterprise-wide procurement and strategic sourcing strategy aligned with the firm’s financial and operating objectives.
• Establish procurement policies, governance standards, approval processes, and sourcing methodologies.
• Serve as a strategic advisor to senior leadership on major purchasing decisions, vendor relationships, contract structures, and opportunities for cost optimization.
• Balance financial discipline, business responsiveness, risk management, and effective stakeholder experience.
• Establish measurable procurement objectives and regularly report results to executive leadership.

Strategic Sourcing & Spend Management

• Lead strategic sourcing initiatives across major spend categories, including technology, market data, professional services, consulting, telecommunications, marketing, operations, and other corporate services.
• Analyze enterprise spend to identify consolidation opportunities, pricing improvements, demand-management opportunities, and areas of unmanaged or fragmented spend.
• Lead competitive RFP, RFI, and RFQ processes for significant purchases and vendor relationships.
• Develop appropriate preferred vendor and strategic-supplier programs.

Contract Negotiation & Commercial Management

• Lead or support negotiations for significant vendor agreements, renewals, pricing arrangements, and commercial terms.
• Partner closely with Legal, Technology, Risk, Finance, and business stakeholders throughout the contracting process.
• Improve contract economics through pricing benchmarks, volume leverage, service-level commitments, renewal management, and disciplined negotiation.
• Establish processes for monitoring contract expiration dates, renewal deadlines, commitments, and commercial obligations.

Vendor & Third-Party Management

• Develop a consistent framework for vendor selection, onboarding, performance management, renewal, and termination.
• Partner with the firm’s risk and control functions to ensure appropriate third-party due diligence and oversight.
• Establish supplier performance standards and scorecards for significant vendors.
• Conduct periodic business reviews with strategic suppliers and internal stakeholders.
• Support business continuity and resiliency planning for critical third parties.

Financial Management & Value Creation

• Establish reliable reporting on third-party spend, savings, contract commitments, supplier concentration, and procurement activity.
• Develop annual savings and value-creation targets in partnership with Finance and business leaders.
• Track realized savings and distinguish between negotiated savings, cost avoidance, demand reduction, and actual P&L impact.
• Support budgeting and forecasting by improving visibility into contractual commitments and expected vendor expenditures.
• Identify opportunities to simplify the vendor landscape and reduce duplicative products and services.

Governance, Risk & Compliance

• Ensure procurement activities operate within the firm’s established financial controls, delegation-of-authority framework, and applicable policies.
• Partner with Legal, Compliance, Information Security, Privacy, and Enterprise Risk Management to integrate appropriate controls into the procurement lifecycle.
• Support regulatory examinations, internal audits, and other reviews involving procurement and third-party relationships.
• Promote consistent adherence to procurement standards while developing practical processes that enable the business to operate efficiently.

Technology, Data & Process Improvement

• Evaluate and implement procurement technologies and tools that improve sourcing, contracting, spend analytics, vendor management, and reporting.
• Develop accurate procurement data and management dashboards.
• Automate manual workflows and improve integration among procurement, accounts payable, finance, contract management, and third-party risk processes.

Leadership & Stakeholder Management

• Influence senior stakeholders without creating unnecessary bureaucracy.
• Translate financial and commercial analysis into clear recommendations for senior leadership.
• Navigate competing business, financial, technology, legal, and risk considerations.
• Build credibility with business leaders by communicating effectively and combining commercial discipline with an understanding of their operational needs.

The Head of Procurement will operate as a highly collaborative enterprise leader and will be expected to build productive relationships across the firm.

The successful candidate will:

• Influence senior stakeholders without creating unnecessary bureaucracy.
• Translate financial and commercial analysis into clear recommendations for senior leadership.
• Navigate competing business, financial, technology, legal, and risk considerations.
• Build credibility with business leaders by communicating effectively and combining commercial discipline with an understanding of their operational needs.

What you have:

• Bachelor’s degree in finance, business, economics, or a related discipline; advanced degree or relevant professional certification preferred.

• Typically, 10+ years of progressive experience in procurement, strategic sourcing, vendor management, finance, or related functions
• Experience leading procurement within financial services, wealth management, or asset management
• Demonstrated experience negotiating complex, high-value commercial agreements.
• Strong understanding of technology and professional-services procurement.
• Experience with third-party risk management and vendor governance frameworks.
• Demonstrated ability to analyze enterprise spend and translate findings into measurable financial results.
• Experience establishing or transforming procurement processes, systems, and governance is highly desirable.
• Strong executive communication, negotiation, analytical, and stakeholder-management skills.

Why work for us:

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes upa large portionof an employee’s life, we believe that a balance between work and non-work activities is essential tomaintainquality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus, Employee Ownership, and Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future.Explore further.

• Paid Parental Leave
• generous Paid Time Off
• eligibility for a $2,000 referral bonus
• Employee Ownership
• Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future.

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm. Fosteringa positiveworkplace experienceremainsa top priority. People are our strongest asset. We recognize that when our team members thrive, our firm is more successful.