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Senior Director, Procurement

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Trading Technologies International
Full Time position
Listed on 2026-10-19
Job specializations:
  • Finance & Banking
    Regulatory Compliance Specialist, Financial Compliance, Corporate Finance, Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 170000 - 250000 USD Yearly USD 170000.00 250000.00 YEAR
Job Description & How to Apply Below

We are seeking a strategic, results-driven Senior Director of Procurement to lead our global procurement organization, vendor management lifecycle, and corporate governance frameworks. In this high-impact role, you will own company-wide indirect and direct procurement, vendor due diligence, third-party data protection, contract negotiations, and cost-optimization strategies.

You bring deep subject-matter expertise in negotiating complex enterprise agreements; specifically across SaaS, Telecom, Market Data, Cap Ex, and OpEx, while steering company-wide vendor consolidation and M&A integration initiatives. Acting as a key financial and risk steward, you will leverage modern procurement technology stacks (Net Suite, Coupa, Ironclad) to drive rigorous reporting, deliver measurable savings, and protect enterprise data.

Key Responsibilities

Strategic Sourcing & Category Management

  • Drive high-value, complex contract negotiations and vendor selection for SaaS, Telecom, Market Data, Capital Expenditures (Cap Ex), and Operating Expenses (OpEx) to secure optimal commercial terms, pricing, and service-level agreements (SLAs).
  • Develop and execute multi-year procurement roadmaps aligned with corporate growth, budget constraints, and operational objectives.
  • Identify redundancies across the tech stack and vendor ecosystem; lead strategic rationalization and consolidation initiatives to minimize tail spend and maximize enterprise leverage.

Vendor Management & M&A Integration

  • Oversee comprehensive risk assessment, financial stability checks, and compliance reviews for all third-party vendors and strategic partners.
  • Play a pivotal leadership role in M&A due diligence, vendor audits, and post-merger integration of supply chains, contracts, and software systems.
  • Establish robust KPI frameworks and regular review cadence with key suppliers to ensure accountability and high performance.

Contractor Lifecycle & Procurement Operations

  • Standardize Statement of Work (SOW) creation, ensuring clear deliverables, milestones, Acceptance Criteria, and SLA enforcement across all departmental contractor engagements.
  • Implement structured vendor onboarding, performance benchmarking, and offboarding protocols to manage contractor tenure limits and mitigate co-employment risk.
  • Oversee the end-to-end Purchase Requisition (PR) to Purchase Order (PO) workflow for legal, IT, and specialized non-employee labor, establishing strict spend thresholds, approval matrices, and PO variance checks to eliminate rogue spending.
  • Lead high-stakes commercial negotiations for contractor rate cards, volume discounts, master services agreements (MSAs), and SOW pricing models (time-and-materials vs. fixed fee).
  • Audit contract renewal and extension pipelines 60–90 days prior to expiration to negotiate favorable terms, evaluate performance, or re-bid non-performing accounts.

Financial Lifecycle & FP&A Collaboration

  • Partner closely with the Corporate Controller and FP&A team to ensure the complete financial lifecycle of all expenses is seamlessly captured, tracked, and reconciled from purchase requisition to general ledger posting.
  • Collaborate on budget planning, rolling forecasts, and variance analysis, providing deep visibility into upcoming commitments, renewals, and milestone-based payments.
  • Streamline the invoice-to-pay and accrual processes by aligning procurement milestones with accounting month-end closes and financial reporting requirements.

Compliance, Governance & Data Protection

  • Design, implement, and enforce robust procurement governance policies that adhere to global regulatory requirements, industry standards, and internal corporate controls.
  • Partner closely with Information Security, Legal, and Privacy teams to evaluate third-party risk, conducting…
Position Requirements
10+ Years work experience
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