Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading.
We are building an elite team, applying frontier technologies to the world’s biggest financial problems. We’re looking for bold thinkers. Sharp problem-solvers. Builders who are wired to make an impact. Robinhood isn’t a place for complacency, it’s where ambitious people do the best work of their careers. We’re a high-performing, fast-moving team with ethics at the center of everything we do. Expectations are high, and so are the rewards.
The Procurement and Vendor Management Office (VMO) is Robinhood's central team for engaging and managing third-party vendors and partners across the company. We manage complex commercial relationships for Robinhood. We partner closely with Legal, Risk, Finance, and business leaders to help Robinhood source, negotiate, and manage vendor and partner relationships that power our products and operations. Our team values speed, commercial rigor, and risk-intelligent decision-making in equal measure. Our world-class, data-driven strategic sourcing function is key to Robinhood's growth. You'll work alongside the smartest sourcing and contracting specialists who understand the marketplace well, take ownership of their categories, and fluently use AI to deliver great results, fast! It's a collaborative, high-accountability team where your expertise directly shapes how Robinhood spends and protects its resources!
As a Senior Sourcing Manager, you'll own end-to-end sourcing and contracting for a portfolio of vendor categories, run market research, perform competitive bidding, lead negotiations, and drive contract execution. You'll partner directly with senior Business Owners, Commercial Legal, and Risk stakeholders to translate their needs into sourcing strategies that deliver measurable savings and reduce risk. You'll bring a data-driven lens to your category management, using metrics to identify opportunities and track the impact of your work. This is a high-visibility, high-ownership role for someone to influence how Robinhood engages vendors and partners.
This role is based in our Menlo Park, CA, New York, NY, and Chicago, IL offices, with in-person attendance expected at least 3 days per week.
At Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office experience is intentional, energizing, and designed to fully support high-performing teams.
What you’ll do- Own and execute the sourcing and contracting strategy for an assigned portfolio of vendor categories / cost centers, including market research, vendor identification, competitive bidding, negotiations, selection, and contracting
- Lead negotiations on complex vendor contracts, delivering quantifiable savings and reduced risk
- Partner with Business Owners and senior stakeholders to maximize value from vendors and partners in terms of service quality and procurement savings
- Collaborate with and actively influence Commercial Legal, Tax, Finance, and Risk partners to drive risk-intelligent processes and protocols throughout the sourcing lifecycle
- Maintain a deep understanding of vendor markets and trends, and build a clear understanding of how third-party vendors and partners support Robinhood's core business objectives
- Use metrics and data to identify logical category clusters and develop sourcing strategies and category management plans tailored to each
- Embrace AI-powered automation and use data and analytics to speed up work, quantify opportunities, and track return on investment
- Help optimize Robinhood's third-party vendor and partner footprint, driving cost rationalization and proactively influencing upcoming contract renewals
- 8+ years of experience in strategic sourcing, vendor and third-party contracting, procurement consulting, procurement program management, or process reengineering, within Financial Services or FinTech
- Expert-level knowledge of contract negotiation dynamics, particularly within the Cloud Services, Software, and Digital Marketing categories
- Ability to independently own and deliver complex sourcing initiatives in a dynamic, fast-paced environment
- Fluency with using AI to speed up work, familiarity with data visualization and analysis tools, and a natural comfort level using data to drive decisions
- Experience incorporating risk and performance management into the sourcing and contracting process
- Excellent organizational, analytical, verbal, and written communication skills
- Proven ability to manage multiple projects, establish workflows, and meet deadlines independently
- Ability to work effectively across cross-functional teams including Legal, Risk, Finance, and business stakeholders
- Challenging, high-impact work to grow your career.
- Performance driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching.
- Top Tier benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents.
- Access to the Robinhood Employee Fund that gives eligible US employees the opportunity to invest in a private employee fund that provides exposure to Robinhood Ventures funds.
- Access to the best AI tools on the market and continuous AI skill-building for every employee, technical or not.
- Lifestyle wallet - a highly flexible benefits spending account for wellness, learning, and more.
- Employer-paid life & disability insurance, fertility benefits, and mental health benefits.
- Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
- Exceptional office experience with catered meals, events, and comfortable workspaces.
In addition to the base pay range listed below, this role is also eligible for bonus opportunities + equity + benefits.
Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected base pay range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. For other locations not listed, compensation can be discussed with your recruiter during the interview process.
Base Pay Range:
Click here to learn more about our Total Rewards, which vary by region and entity.
If our mission energizes you and you’re ready to build the future of finance, we look forward to seeing your application.
AI Usage Disclosure: Robinhood uses artificial intelligence (AI) tools to support parts of our recruiting process. These tools enhance the efficiency and consistency of our hiring process; however, all hiring decisions are made by our hiring teams.
Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws. Inclusion is built into how we hire and work—welcoming different backgrounds, perspectives, and experiences so everyone can do their best. Please review the Privacy Policy for your country of application.
Skills Required
- 8+ years of experience in strategic sourcing, vendor and third-party contracting, procurement consulting, procurement program management, or process reengineering within Financial Services or FinTech
- Expert-level knowledge of contract negotiation dynamics, particularly in Cloud Services, Software, and Digital Marketing categories
- Ability to independently own and deliver complex sourcing initiatives in a dynamic, fast-paced environment
- Fluency using AI to speed up work
- Familiarity with data visualization and analysis tools
- Experience incorporating risk and performance management into sourcing and contracting processes
- Excellent organizational, analytical, verbal, and written communication skills
- Proven ability to manage multiple projects, establish workflows, and meet deadlines independently
- Ability to work effectively across Legal, Risk, Finance, and business stakeholder teams
Robinhood Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Robinhood and has not been reviewed or approved by Robinhood.
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Healthcare Strength — Healthcare is described as best-in-class, with strong medical, dental, and vision coverage, mental-health support, and life and disability insurance. Low premiums and solid dependent coverage are also noted, reinforcing the strength of core health benefits.
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Equity Value & Accessibility — Equity grants through RSUs and an ESPP are standard, and for many tech roles equity meaningfully lifts total compensation when the stock performs. Clear multi-year vesting schedules make ownership accessible as a core part of the pay mix.
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Parental & Family Support — Parental leave and fertility benefits are emphasized, with generous paid time for new parents cited as a standout. Family-oriented policies are consistently portrayed as a strong component of the package.
Robinhood Insights
What We Do
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood, through its subsidiaries, lets you trade stocks, options, futures (which includes event contracts), and crypto, invest for retirement, earn with Robinhood Gold, and access an expert-managed portfolio with Robinhood Strategies. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.
Why Work With Us
At Robinhood, we are building an elite team, applying frontier technologies to the world’s biggest financial problems. Every role can make a real impact. We’re a team of builders, doers, and bold thinkers who thrive in a high-performance environment and take pride in raising the bar for ourselves and the millions of customers we serve.
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