Associate Principal, Sourcing & Procurement

What You'll Do:

Support the execution of strategic sourcing & business strategies in a collaborative team-based environment to achieve company goals. Work cross-functionally with key stakeholders to drive sourcing transactions with the goal of achieving significant initial 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.

• Identify and evaluate procurement opportunities in alignment with strategic, operating and financial OCC objectives. Lead the negotiation and purchase of goods and services with a focus on the technology category. Partner with internal business clients to ensure that purchased goods and services meet their needs. Proactively seek ways to drive down total cost of ownership through competition and vendor relationships.

• Manage projects against an approved plan and objectives to ensure that commitments are met by monitoring, assessing and resolving variances in budget, timing or quality of work.

• Lead the negotiation strategy and negotiation team for agreements that deliver value to our stakeholders ensuring service, quality and added value maximizing the supplier’s capabilities

• Provide proactive, high-value procurement and contract negotiation consultation to the business through thorough understanding of the business needs.

• Drive sourcing and procurement plans for products, services and solutions that will optimize year-over-year total cost of ownership

• Lead the development and management of RFP, RFQ and RFI

• Maintain awareness of industry trends that have an impact on IT and business sourcing best practices through external advisory services, internal procurement and vendor management teams and good working relationships with existing and emerging strategic vendors used by the enterprise.

• Identify and leverage relevant third-party market intelligence sources.

• Develop and maintain relationships with stakeholders (IT, business, legal, TPRM, vendor management, finance, and vendors) to lead major sourcing programs.

• Collaborate effectively across organization levels, functions and lines of business to realize procurement goals and objectives

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

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

• Lead the evaluation of optimal sourcing and pricing options, taking into consideration outsourcing/cloud, hybrid and insourcing models.

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

Supervisory Responsibilities

• None

Qualifications & Experience

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.

• [Required] 5-7 years of progressive experience in procurement, specifically in the technology space including contracting, sourcing and negotiations

• [Required] Successful track record in a large procurement organization

• [Required] Technology procurement experience (minimum 3 years)

• [Required] Strong ability to build relationships at all levels

• [Required] Excellent verbal and written communication skills

• [Required] Strong problem solving, conflict management and conceptual thinking abilities

• [Required] Process driven with strong analytical acumen

• [Required] Strong negotiation expertise with an understanding of key contracting concepts and legal terms

• [Required] Ability to translate business requirements into agreements

• [Required] Ability to lead cross-functional teams and reach consensus

• [Required] Knowledge of financial analysis and management.

• [Required] Knowledge of IT asset management.

• [Required] Experience in risk management skills.

Technical Skills & Background

• [Required] Proficient with Microsoft Office

• [Required] ERP system experience

Certifications

• [Preferred] 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.

Education & Training

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

• [Preferred] Master’s degree or master's of business administration (MBA), or a juris doctor (JD).

• [Preferred] Formal training in negotiation.

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.

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

Incentive Range

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