Principal, Procurement Category Management

PLEASE NOTE: THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP

What You'll Do:

The Principal, Procurement Category Manager, develops and manages the category plan for IT Hardware while supporting deals in other categories. Support the Strategic Sourcing department’s move to category management and work cross-functionally with key stakeholders in IT, Legal, and TPRM to drive sourcing transactions. Achieve significant cost reductions while maintaining/improving product quality and enhancing supplier service levels. This includes RFx development, facilitation, scorecard, analysis, vendor selection, negotiations and issue resolution.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Implement sourcing strategies and define procurement plans for IT Hardware and other categories aligned to technology and business unit objectives and regulatory requirements.

• Promote/communicate procurement plans to internal stakeholders and to vendors, ensuring that it is well socialized and supported.

• Keep abreast of industry trends that have an impact on the IT sourcing strategy, through external advisory services, and good working relationships with existing and emerging strategic vendors used by the enterprise.

• Maintain and present market analysis to IT and business leaders regarding innovative product, solution and service opportunities.

• Work closely with stakeholders (IT, business, vendor management) to lead major sourcing programs.

• Drive the IT sourcing and procurement strategies for products, services and solutions.

• Identify cost-optimization opportunities across the company/globe and present a concise business case/plan to stakeholders.

• Create acquisition plans for large deals involving multiple vendors and internal stakeholders.

• Manage acquisition plans and RFx’s escalating as required to adhere to timelines and effectively communicating changes in plan to internal and external stakeholders.

• Proactively seek ways to drive down the total cost of ownership through competition and vendor relationships.

• Identify and evaluate the best options for solutions, which may include acquisition of IT products, outsourcing or insourcing.

• Understand and adopt agile, pragmatic and fast-track principles into IT sourcing and procurement practices.

• Manage a comprehensive list of best-in-class vendors for bid processes developed by analyzing industry trends and competitive positioning to ensure engagement and leverage of the most effective supply base.

• Negotiate contractual agreements with consistent commercial terms satisfying regulatory requirements per OCC policy

• Regularly interact with IT and business stakeholders to balance cost, risk and speed to ensure that the business can realize its objectives.

• Lead the negotiation strategy and negotiation team for IT contracts.

• Maintain an inventory of vendor spend by category (software, hardware, telecom, staff augmentation, services, etc.).

• Manage purchase order process to ensure timely delivery of all required IT items.

• Continuously update department policy and procedures, training guides and introduce  process improvements

Supervisory Responsibilities:

Individual Contributor

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• Expert negotiation skills.

• Current knowledge of the global IT product and service market and trends.

• Successful track record in a mature procurement organization

• Advanced ability to influence and negotiate outcomes with stakeholders and vendors and to maintain collaborative relationships with them.

• Excellent verbal and written communication skills.

• Strong problem-solving and conflict resolution skills in vendor and internal customer relationship environments.

• Proven ability to discern when and how to escalate issues for resolution.

• Working knowledge of regulatory guidance pertaining to the financial services industry.

• Demonstrates integrity through actions.

Technical Skills:

• Proficiency in MS Office, Sharepoint, ERP tools such as Oracle Fusion, Ariba or Coupa

Education and/or Experience:

Minimum 10 years’ experience in the following:

• Managing strategic vendor relationships and developing strategies that look to reduce overall cost or risk.

• IT vendor management and/or sourcing and procurement.

• Evaluating support agreements and the yearly true-up and demand management requirements.

• Leading IT negotiations

Minimum 5 years’ experience in the following:

• IT Asset management

• IT Hardware Procurement

Other functional experience particularly in project management, IT, business strategy, vendor risk, contract management, or finance is an advantage.

Bachelor’s degree in business management, supply chain, information technology or a related field, OR an equivalent combination of experience, skills, training and education.

Master’s degree or master's of business administration (MBA), or a juris doctor (JD), is desired.

Certificates or Licenses:

Certified Professional in Supply Management (CPSM), Certified Professional in Supplier Diversity (CPSD), Chartered Institute of Procurement and Supply (CIPS) qualification or Member of the Chartered Institute of Procurement and Supply (MCIPS) is a plus.

About Us

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

What We Offer

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• Competitive health benefits including medical, dental and vision

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

$155,600.00 - $208,700.00

Incentive Range

18% to 25%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location. 

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer