Procurement Manager

Reposted 23 Hours Ago
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Chicago, IL
Hybrid
130K-175K Annually
Senior level
Fintech • Machine Learning • Software • Financial Services
IMC is a proprietary trading firm powered by research and technology.
The Role
The Procurement Manager optimizes supplier relationships, negotiates contracts, ensures cost-effective procurement, evaluates vendors, and manages supply chain risks while improving procurement efficiencies.
Summary Generated by Built In
The Procurement Manager is responsible for driving cost-effective purchasing strategies, optimizing supplier relationships, and ensuring operational efficiency across the procurement lifecycle. This role focuses on software and networking procurement, evaluating technology vendors, negotiating complex contracts, and managing supply chain risks to support business continuity and compliance. The ideal candidate will bring strong analytical, negotiation, and stakeholder management skills to deliver strategic sourcing initiatives and measurable cost savings while maintaining the highest quality standards.
Core Responsibilities
  • Identify, evaluate, and manage suppliers to ensure optimal value, quality, and reliability.
  • Demonstrate a structured sourcing process mindset - effectively profile categories, assess pricing models, manage RFx and vendor evaluations, and implement continuous improvement initiatives.
  • Negotiate, draft, and manage vendor contracts in compliance with company policies and legal standards.
  • Lead contract and pricing negotiations to achieve favorable terms and mutually beneficial outcomes.
  • Manage multiple vendor engagements concurrently, ensuring alignment of commercial terms, timely renewals, and tracking of SLAs, particularly for software and networking suppliers.
  • Develop and implement cost-reduction strategies without compromising quality or delivery timelines.
  • Build and maintain strong relationships with key suppliers, resolving disputes and performance issues effectively.
  • Proactively engage internal stakeholders (e.g., IT, Finance, Legal, and Support) to align sourcing outcomes with business objectives, communicate clearly, escalate appropriately, and foster trust.
  • Monitor market trends, pricing, and industry developments to inform procurement strategies.
  • Streamline and improve procurement workflows, systems, and policies to enhance efficiency and transparency.
  • Assess and mitigate supply chain risks to ensure consistent business operations.
  • Analyze procurement data to deliver actionable insights and support strategic decision-making.

Skills and Experience
  • 5-8 years of experience in procurement, strategic sourcing, or supply chain management, preferably within software or networking categories.
  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
  • Strong negotiation and contract management expertise.
  • Deep understanding of software lifecycle management, licensing models (SaaS vs. on-prem), vendor risk, and innovation.
  • Experience managing technology and network vendors, including familiarity with renewal cycles, SLAs, and commercial negotiations.
  • Growth and learning orientation - eager to explore new technology categories and adapt quickly to evolving procurement systems and tools.
  • Proficiency with procurement software and Microsoft Office Suite (especially Excel).
  • Excellent communication, collaboration, and stakeholder management skills.
  • Analytical mindset with proven problem-solving abilities.
  • Professional certification (e.g., CPSM, CIPS) is a plus but not required.

Please note that immigration sponsorship is not offered for this specific opening.
The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.
Salary Range
$130,000-$175,000 USD
About Us
IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

Top Skills

Microsoft Office Suite
Procurement Software

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The Company
HQ: Amsterdam
1,954 Employees
Year Founded: 1989

What We Do

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

Why Work With Us

At IMC, the best ideas win, regardless of hierarchy. Graduates receive mentorship and make an impact from day one, while experienced hires get to shape their own path in a flexible, high-performance environment. We remove barriers so everyone can grow and help drive one of the world’s leading liquidity providers.

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