The Head of Procurement is responsible for leading the firm’s enterprise procurement and strategic sourcing function, ensuring that third-party goods and services are acquired in a cost-effective, disciplined, transparent, and risk-conscious manner.
This executive will develop and execute the firm’s procurement strategy, establish sourcing and vendor management standards, lead major contract negotiations, improve visibility into third-party spend, and partner with business leaders to optimize the firm’s vendor portfolio.
The Head of Procurement will work closely with partners across corporate departments, including but not limited to Legal, Compliance, Information Security, Technology, Risk, and senior business leadership to balance commercial objectives with regulatory, operational, cybersecurity, privacy, and reputational considerations
What you are good at:
Developing and executing strategic sourcing approaches, leading procurement teams and initiatives, and aligning purchasing activities with organizational goals to maximize value and efficiency.
Negotiating favorable terms, managing contractual obligations and commercial performance, and ensuring agreements deliver value while minimizing financial and operational risk.
Building and managing strategic supplier relationships, monitoring performance and service delivery, and mitigating third-party risks to ensure consistent value and business continuity
Establishing effective policies, controls, and oversight to manage risks, ensure accountability, and maintain compliance with legal, regulatory, and organizational requirements.
Responsibilities:
Procurement Strategy & Leadership
Develop and lead an enterprise-wide procurement and strategic sourcing strategy aligned with the firm’s financial and operating objectives.
Establish procurement policies, governance standards, approval processes, and sourcing methodologies.
Serve as a strategic advisor to senior leadership on major purchasing decisions, vendor relationships, contract structures, and opportunities for cost optimization.
Balance financial discipline, business responsiveness, risk management, and effective stakeholder experience.
Establish measurable procurement objectives and regularly report results to executive leadership.
Strategic Sourcing & Spend Management
Lead strategic sourcing initiatives across major spend categories, including technology, market data, professional services, consulting, telecommunications, marketing, operations, and other corporate services.
Analyze enterprise spend to identify consolidation opportunities, pricing improvements, demand-management opportunities, and areas of unmanaged or fragmented spend.
Lead competitive RFP, RFI, and RFQ processes for significant purchases and vendor relationships.
Develop appropriate preferred vendor and strategic-supplier programs.
Contract Negotiation & Commercial Management
Lead or support negotiations for significant vendor agreements, renewals, pricing arrangements, and commercial terms.
Partner closely with Legal, Technology, Risk, Finance, and business stakeholders throughout the contracting process.
Improve contract economics through pricing benchmarks, volume leverage, service-level commitments, renewal management, and disciplined negotiation.
Establish processes for monitoring contract expiration dates, renewal deadlines, commitments, and commercial obligations.
Vendor & Third-Party Management
Develop a consistent framework for vendor selection, onboarding, performance management, renewal, and termination.
Partner with the firm’s risk and control functions to ensure appropriate third-party due diligence and oversight.
Establish supplier performance standards and scorecards for significant vendors.
Conduct periodic business reviews with strategic suppliers and internal stakeholders.
Support business continuity and resiliency planning for critical third parties.
Financial Management & Value Creation
Establish reliable reporting on third-party spend,…