We are seeking a motivated and results-driven Strategic Sourcing Associate to join and help build a centralized sourcing function within our organization. This role will be instrumental in designing and executing sourcing strategies across all indirect categories, including trading platforms, cloud services, artificial intelligence, and infrastructure. The ideal candidate will bring financial services expertise, strong vendor negotiation and stakeholder engagement skills, and a passion for building scalable, innovative, value-driven sourcing capabilities from the ground up.
Responsibilities- Support a centralized sourcing function, including operating model, governance, tools, and analytics.
- Develop and execute sourcing strategies for all indirect categories. Candidate must have a strong understanding of technology specifically around: Trading systems and market data platforms, Cloud services (IaaS, PaaS, SaaS), Infrastructure, cybersecurity, and enterprise IT, and Artificial intelligence (LLMs, consumption-based models).
- Collaborate with internal stakeholders to develop category plans, preferred supplier lists, and vendor segmentation strategies.
- Manage RFPs, vendor evaluations, and contract negotiations to drive cost savings, innovation, and risk mitigation.
- Establish and manage vendor performance frameworks, including SLAs, KPIs, and compliance monitoring.
- Create and maintain internal communications, SharePoint sites, and dashboards to ensure transparency, alignment, and stakeholder engagement.
- Partner with Business Functions, Finance, Legal, and Risk teams to ensure sourcing strategies align with business goals and regulatory requirements.
- Stay ahead of market trends, emerging technologies, and procurement best practices.
- 4+ years of strategic sourcing experience, with at least 3 years in financial services or capital markets.
- Proven success in independently executing sourcing activities and supporting the development of sourcing capabilities, ideally in a matrixed or global environment.
- Solid expertise in technology sourcing, including cloud, infrastructure, artificial intelligence, and trading platforms.
- Thorough understanding of contract law, licensing models, and regulatory frameworks (e.g., FINRA, SEC, GDPR).
- Demonstrated experience with procure-to-pay (P2P) platforms, ideally Coupa, Ironclad, and/or Zip, including optimization and reporting.
- Effective negotiation skills and tactics, with a track record of managing complex, high-value vendor agreements.
- Robust analytical and financial modeling capabilities to support sourcing decisions, cost-benefit analysis, and scenario planning.
- Familiarity with leveraging artificial intelligence technologies in routine activities, including major LLMs (e.g., Claude, ChatGPT, Gemini).
- Experience with vendor management, category planning, and procurement analytics.
- Excellent communication and stakeholder management skills; ability to operate independently and manage multiple priorities in a fast-paced environment.
- Bachelor’s degree required; MBA or relevant certifications (e.g., CPSM, CIPS) preferred.
Salary range: $100,000-115,000 + annual discretionary bonus
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About UsSkills Required
- 4+ years of strategic sourcing experience, with at least 3 years in financial services or capital markets
- Proven success in independently executing sourcing activities and supporting development of sourcing capabilities in a matrixed or global environment
- Solid expertise in technology sourcing including cloud, infrastructure, artificial intelligence, and trading platforms
- Thorough understanding of contract law, licensing models, and regulatory frameworks (e.g., FINRA, SEC, GDPR)
- Demonstrated experience with procure-to-pay (P2P) platforms, ideally Coupa, Ironclad, and/or Zip, including optimization and reporting
- Effective negotiation skills and tactics with experience managing complex, high-value vendor agreements
- Robust analytical and financial modeling capabilities for sourcing decisions, cost-benefit analysis, and scenario planning
- Familiarity with leveraging AI technologies in routine activities, including major LLMs (e.g., Claude, ChatGPT, Gemini)
- Experience with vendor management, category planning, and procurement analytics
- Excellent communication and stakeholder management skills; ability to operate independently and manage multiple priorities
- Bachelor's degree
- MBA or relevant certifications (e.g., CPSM, CIPS)
What We Do
Cantor Fitzgerald is a leading global financial services firm, serving clients from over 30 offices around the world. Founded in 1945 as a securities brokerage and investment bank, the firm pioneered computer-based bond trading, built one of the broadest distribution networks in the industry and became the market’s premier dealer of government securities. Today, Cantor Fitzgerald is known for its strength across a diverse array of businesses, including equity and fixed income capital markets, investment banking, commercial real estate finance and services, prime brokerage, asset management and wealth management, and e-commerce and online ventures. In all its businesses, the firm is an acknowledged leader in developing advanced technologies to expand market access, and help clients achieve their most important financial and strategic objectives. This commitment to client-centered innovation has led to enduring relationships with many of the world’s most demanding institutional investors and corporations. For more information please visit www.cantor.com.
