*Please note, this position is not eligible for immigration sponsorship.*
What You'll Do:
The Associate Principal, Sourcing Data Insights will play a crucial role in developing quantitative methods to govern the procurement process. This includes designing a scorecard for the Strategic Sourcing function, creating and maintaining reports for managing procurement activities, and designing processes for intake and resource allocation. This role offers extensive collaboration opportunities with cross-functional teams. By working closely with Strategic Sourcing, IT, Finance, Legal, PMO, Data Governance and Operations, you can represent the department across the company and drive data-driven decision-making for Strategic Sourcing.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
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Implement processes to collect, manage and analyze procurement data, ensuring the organization has the necessary infrastructure for effective data-driven decision making.
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Oversee KPIs and metrics that measure performance of the Strategic Sourcing function.
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Prepare regular reports for internal and external stakeholders.
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Generate and communicate regular performance and resource allocation reports that translate procurement process data into actionable insights for internal teams and external stakeholders.
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Represent the Strategic Sourcing function by thoroughly assessing and validating all new intake requests, incorporating feedback from diverse stakeholders and customers.
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Exercise strong judgment to determine the most suitable approach for each project and engage the necessary stakeholders for productive discussions.
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Maintain a deep understanding of the department scope and sourcing strategies to navigate ambiguous situations/requests and collaborate with the appropriate stakeholders to solve challenges.
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Integrate data and resulting insights into procurement processes: Collaborate with procurement team and IT to embed analytics tools into the procurement workflow (such as for spend analysis and forecasting, savings analysis, supplier information gathering and analysis for selection, pricing and contract analytics, benchmarking, compliance to sourcing strategies and bid analysis).
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Develop and deliver training programs to empower procurement and cross-functional teams with the skills and knowledge needed to effectively utilize reports and tools, promoting a culture of data-driven decision-making.
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Liaise with IT on requirements and testing for dashboards and reports in various systems including Oracle, ServiceNow, Archer, Apptio, Power BI, Tableau and others
Supervisory Responsibilities
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None
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.
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Strong understanding of business analytics with ample experience in procurement, IT contracts, and/or PMO. Knowledge of the sources of data that support the development and execution of sourcing strategies.
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Process analysis and improvement experience, with the ability to define and reinforce processes.
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Proven ability to collaborate and problem-solve effectively with cross-functional teams by developing partnerships with teams such as Strategic Sourcing, Legal, Finance, IT, Operations to understand, influence and obtain support to achieve objectives.
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Project management skills to manage data analytics projects that require frequent communication, organization and time management.
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Successful track record in discerning when and how to escalate and issue for resolution.
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Excellent communication and presentation skills with the ability to convey complex data findings and data-driven solutions to both technical and nontechnical stakeholders, the capability to create compelling presentations and reports, and to lead meetings.
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Attention to detail to ensure accuracy and completeness in reporting.
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Familiarity with relevant regulatory and industry requirements.
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Other functional experience particularly in IT, business strategy, business analysis or finance is an advantage
Technical Skills
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3+ years’ experience using an ERP system, using data visualization tools, and administering Sharepoint sites.
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Familiarity with analytics capabilities built into procurement-specific software, such as Oracle Fusion.
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Prefer experience in one or more of the following: ServiceNow, Archer, Apptio, Power BI, and/or Tableau.
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Advanced knowledge of Microsoft Office products and applications (Excel, PowerPoint, Word, Visio, etc.)
Certifications
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[Preferred] Procurement or Sourcing Professional Certification or in Data Analytics
Education & Training
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3+ years preferred experience in procurement roles involving strategic sourcing, procure-to-pay, supplier performance measurement, or in supply chain management roles.
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3+ years of experience working cross functionally with tech and non-tech teams
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2+ years preferred in project management office, and/or developing, implementing, and evaluating new and revised methods, procedures, and performance standards.
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3+ years preferred experience in the financial services industry.
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Bachelor’s degree in business management, supply chain, data science, information technology or a related field, OR an equivalent combination of experience, skills, training and education.
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Optional: Certifications in data science, business analytics, or supply chain are beneficial.
Who We Are
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
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
Top Skills
What We Do
As the foundation for secure markets, OCC is a customer-driven organization that delivers world-class Risk Management, Clearing, and Settlement Services for a sophisticated mix of financial products that includes standard options, stock loans, and futures contracts.
Why Work With Us
We're bound together by values and behaviors that shape the way we work and live, from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity, creative problem-solving and effective interaction.
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OCC Teams
OCC Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
A hybrid work environment, up to 2 days per week of remote work
