IT Sourcing & Procurement (Top Financial Firm/Fund)

Coda Search│Staffing; Chicago (IL); Presencial; USD 150.000 - 230.000; Jornada completa

Descripción de la vacante

Coda Search Staffing is assisting a premier Financial Technology/multi-strategy fund in Chicago to hire a VP Strategic Sourcing & Procurement. The role leads the IT procurement function, negotiates complex software/data contracts, and drives strategic supplier management to optimize costs and performance.

The candidate will collaborate across Finance, Legal, Compliance and Technology, implement best practices, and build a high-performing sourcing team to support firm growth in a dynamic

Formación

• Bachelor's degree required for this position.
• Minimum 8 years' experience in Procurement/Strategic Sourcing.
• Experience in the financial services sector preferred.
• Strong contract management and negotiations capabilities.
• Excellent analytical and problem-solving abilities.
• Data-driven decision maker with program management and organizational skills.
• Proven leadership, vision, and strategy setting with cross-functional collaboration.

Responsabilidades

• Support implementation of quality standards and policies across teams.
• Lead end-to-end procurement for software and data providers.
• Negotiate large, complex IT contracts and seek savings opportunities.
• Collaborate with Finance, Legal, HR, Compliance and Tech to define procurement needs.
• Maintain procurement records in the firm ERP and drive cost-reduction projects.
• Lead a purchasing team to achieve function goals and align with firm strategy.
• Stay updated on industry best practices and procurement technology.

Conocimientos

Procurement

Strategic Sourcing

Vendor Negotiation

IT Procurement

Cost Reduction

Stakeholder Management

Data Analysis

Contract Management

Leadership

ERP

Cross-functional Collaboration

Educación

Bachelor's degree

Herramientas

ERP system

Excel

PowerPoint

Descripción del empleo

Our client is a premier Financial Technology/multi-strategy, multi-manager Fund, seeking to add an experienced VP Strategic Sourcing & Procurement professional to lead the Procurement and strategic sourcing function within IT vertical for firm, managing vendor relationships and ensuring the organization manages efficient buying processes. The role focuses on optimizing IT sourcing and procurement processes, proactively identifying and resolving areas of weakness within the firm. Select individual should be well versed in navigating and (re) negotiating all facets of highly complex IT vendor contracts.

Responsibilities

• Support the implementation of quality standards and policies by collaborating across all operational teams and processes
• Responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for all software and data providers
• Perform direct negotiations and manage large and complex agreements
• Find and deliver saving opportunities via stakeholder engagement and data analysis
• Identify, evaluate, and select vendors based on quality, cost, and delivery capabilities, specifically within the financial services sector
• Collaborate with internal stakeholders, including Finance, Legal, HR, Compliance, Technology and Operations teams, to understand procurement needs and specifications
• Maintain accurate records of procurement activities, contracts, and vendor information within the firm ERP
• Accountable for purchasing financial performance initiate and lead cost reduction projects
• Internal/External customer focus to address complex issues
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues
• Influence or convince stakeholders to achieve outcomes
• Lead Purchasing team to achieve the goals of the function and align with the organization’s goals
• Establish & maintain relationships with key functional managers and their teams to ensure understanding of their needs and to facilitate the appropriate level of challenge
• Stay updated on industry best practices, regulatory requirements, and advancements in procurement technology
• Overseeing work progress and ensuring timely completion of technical development activities
• Develop and review KPIs, interview and hire staff and oversee staff training and complete performance evaluations

Qualifications

• A minimum of a Bachelor's degree is required for this position
• A minimum of 8 years’ experience in Procurement/Strategic Sourcing
• Experience within the financial industry preferred
• .In Depth knowledge of bidding procedures and criteria
• Strong leadership, vision and strategy setting, communication, influencing, collaboration, and talent development skills
• Strong contract management and negotiations skills
• .Excellent analytical and problem-solving abilities
• .Strong Project and change management capabilities
• Ability to continuously improve the organization
• Excellent computer skills with Excel, Word, PowerPoint, and familiar with ERP
• Experience in working with multi-cultural team
• Data-driven decision maker with excellent program management and organizational skills