Professional Services, Procurement Manager

New York, New York, United States

Ref#: POS-3571

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Two Sigma is a financial technology company in SoHo, New York that explores the fascinating intersection of big data, artificial intelligence and finance. We currently manage over $47 billion AUM with 1200+ staff spanning New York, London, Houston, Tokyo and Hong Kong. We apply the scientific method to investment management and are not your typical investment manager. We follow principles of technology and innovation with equal regard to principles of investment management. Fields like machine learning and distributed computing guide us. Since 2001, we have searched for ways that these kinds of technologies can make us better at what we do.

The Procurement team is responsible for strategic sourcing, supplier management, data & analytics, outsourcing, commercial review, contract management, financing and acquisition of broad range of products and services across the organization, subsidiaries and the affiliates.  This position will primarily support the company’s Professional and Corporate Services with focus on HR, Travel, BPO, Supplier Performance and general non-technology services.  The Procurement Manager will be responsible for setting and executing near-term goals and long-term strategies while ensuring that the products and services are not only sourced for quality but ultimately purchased efficiently and cost-effectively in partnership with well performing suppliers.  The Procurement Manager is expected to collaborate closely with the Procurement’s transformational objectives and key, global stakeholders to jointly develop the desired scope, lead and negotiate Ts/Cs, establish commercial KPIs/SLAs and implement data-driven decisions and metrics.  In addition to expertise in all aspects of procurement in general, the position will be the Procurement’s focal point for firm-wide collaboration across various levels of seniority with accounts payable, finance, financial planning and analysis, tax and legal.

The Procurement Manager – Professional Services’ success will be defined in part by:

  • Efficiency and transparency of the procurement process
  • Transformational and cost savings initiatives
  • Unbiased and transparent management of suppliers
  • Effective negotiations and commercial process expertise
  • Establishment and evolution of controls, efficiencies, resource allocations and dead-lines
  • Ethics and enhancement of operating standards
  • Design and implementation of success factors for the team
  • Quality of communication, thinking synthesis and reporting
  • Procurement and sourcing for quality
  • Data driven decision making

Requirements also include:

  • BA/BS (advanced degrees preferred)
  • 5+ years of experience in Professional Services procurement in dynamic, fast-paced environments or other relevant, transferrable experience
  • Leadership and change management experience
  • Ability to effectively deal with multiple and sometimes conflicting priorities and timelines
  • Competent decision-making skills and excellent analytics abilities grounded in data and logic
  • Excellent Excel, analytical, mathematics, verbal and communication skills
  • Strong knowledge of procurement processes, commercial practices and standards
  • Goal oriented, entrepreneurial spirit with ability to execute
  • Ability to function autonomously
  • Strong negotiation skills and ability to influence