VP IT Procurement & Strategic Sourcing Leader

Coda Search│Staffing; Chicago (IL); On-site; USD 150,000 - 210,000; Full time

Job summary

Coda Search Staffing is recruiting a VP Procurement to lead IT procurement and strategic sourcing for a growing Financial Technology firm in Chicago. The role emphasizes optimizing sourcing, vendor relationships, and efficient buying processes.

The ideal candidate will drive end-to-end procurement for software and data providers, manage large agreements, and deliver cost reduction opportunities through cross-functional collaboration with Finance, Legal, Compliance, and Tech teams.

Qualifications

• Bachelor's degree required.
• 6+ years’ experience in Procurement.
• Experience within the financial industry preferred.
• Strong contract management and negotiations skills.
• Excellent analytical and problem-solving abilities.
• Strong Project and change management capabilities.
• Data-driven decision maker with excellent program management and organizational skills.
• Excellent computer skills with Excel, Word, PowerPoint, and familiar with ERP.
• Experience in working with multi-cultural team.

Responsibilities

• Support the implementation of quality standards and policies by collaborating across all operational teams and processes.
• Prepare, analyze, negotiate and finalize 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 KPI within the firm
• 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.

Skills

Leadership

Strategic planning

Negotiation

Data analysis

Vendor management

Change management

ERP familiarity

Excel

Education

Bachelor's degree

Tools

ERP

Job description

Coda Search Staffing is recruiting a VP Procurement to lead IT procurement and strategic sourcing for a growing Financial Technology firm in Chicago. The role emphasizes optimizing sourcing, vendor relationships, and efficient buying processes.

The ideal candidate will drive end-to-end procurement for software and data providers, manage large agreements, and deliver cost reduction opportunities through cross-functional collaboration with Finance, Legal, Compliance, and Tech teams.