We are seeking a visionary and results-driven Head of Procurement to lead our global procurement function. Reporting to the Executive Director, Accounting Research & Operations within the Finance Division, you will be responsible for overseeing all aspects of the organization's supplier relationship management and strategic sourcing. This role involves developing and implementing procurement strategies, managing supplier relationships, ensuring the efficient and ethical acquisition of both technology and services, and optimizing costs. You will be a hands-on builder and a strategic partner, ensuring our procurement practices align with our company's business objectives and financial goals.
What You'll GetA supportive environment fostering career progression, continuous learning, and an inclusive culture.
Broad exposure to CME's diverse products, asset classes, and cross-functional teams.
A competitive salary and comprehensive benefits package. Learn more about our career opportunities here.
Strategic Leadership & Vision
Champion a forward-looking procurement strategy that aligns directly with the company's overarching business objectives and financial goals.
Define and implement a vision for procurement that leverages innovative best practices, emerging technologies, and data-driven methodologies to enhance efficiency and effectiveness.
Establish and govern key performance indicators (KPIs) to drive continuous improvement and ensure compliance with our organizational standards.
Supplier Management & Value Creation
Direct the full supplier lifecycle, from strategic sourcing and selection to negotiation, contract management, and performance evaluation, ensuring optimal value and risk mitigation.
Cultivate and strengthen strategic relationships with key suppliers, fostering long-term, mutually beneficial partnerships.
Lead high-stakes negotiations to secure advantageous terms, pricing, and service level agreements that drive significant cost savings and efficiencies.
Cross-functional Integration & Influence
Integrate the procurement function seamlessly with key internal stakeholders, including finance, legal, and risk management, to ensure alignment and collective success.
Act as the primary point of contact and subject matter expert for all procurement matters, providing strategic guidance and expertise across the organization.
Communicate and present procurement strategies, initiatives, and results to executive leadership, articulating the function's value and impact on the business.
We are looking for an executive-level leader with a blend of strategic vision and hands-on operational expertise. You are a highly ethical, analytical, and influential professional with a deep understanding of the global procurement landscape.
Exceptional executive leadership, negotiation, and communication skills.
Deep understanding of procurement best practices, strategic sourcing, and third-party risk management methodologies.
Proven ability to manage complex projects and drive large-scale organizational change.
Proficiency in procurement technologies and enterprise resource planning (ERP) systems.
Strong analytical and problem-solving abilities to navigate complex challenges and opportunities.
High level of integrity and a commitment to ethical conduct.
Familiarity with Workday Strategic Sourcing, Archer, and Conga CLM is a plus.
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CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $190,100-$316,800. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.CME Group: Where Futures are Made
CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
Skills Required
- Exceptional executive leadership, negotiation, and communication skills
- Deep understanding of procurement best practices, strategic sourcing, and third-party risk management methodologies
- Proven ability to manage complex projects and drive large-scale organizational change
- Proficiency in procurement technologies and enterprise resource planning (ERP) systems
- Strong analytical and problem-solving abilities to navigate complex challenges and opportunities
- High level of integrity and a commitment to ethical conduct
CME Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CME Group and has not been reviewed or approved by CME Group.
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Retirement Support — U.S. offerings include both a 401(k) and a company-funded cash-balance pension, strengthening long-term financial security. This dual-track structure is highlighted as a notable differentiator among private employers.
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Leave & Time Off Breadth — PTO and holiday schedules are described as generous, with ample time off and carryover commonly highlighted. This breadth of leave meaningfully enhances perceived total rewards.
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Flexible Benefits — A flexible, hybrid work model applies to many roles, increasing day-to-day usability of the package. Flexibility is framed as a standard feature rather than an exception.
CME Group Insights
What We Do
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
