Regional Procurement Lead-Americas

Group Overview:

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 45 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.

Role Overview:

The Procurement function is responsible for the provision of leading edge procurement services aligned to business strategy and requirements, aiming to enhance value and productivity across the supplier value-chain through effective, efficient and agile processes delivered by a strategic, commercial and risk focussed function.'

The function plays a crucial role in ensuring that the organisation achieves value (i.e. performance, financial, enhanced risk, etc.) from its global supplier landscape. As such Procurement is accountable for the implementation and management of strategic procurement driving value through effective supplier relationship management, demand & consumption management, MI & BI analytics, third party risk management and the like.

At a high-level, the Procurement team are accountable for:

• Strategic Procurement

• Supplier Relationship Management

• Commercial Contract Management

• Market Data

• Supplier Cost Management

• Consumption Management

• Third Party Risk Management

• Regulatory Compliance

• Procurement Analytics and MI Management

• Contract Management

• Supplier Diversity & Inclusion

• Strategic Sourcing Strategy

• Technology and Innovation

Role Responsibilities:

• Support the Global Procurement Leads with development and implementation of 3 year rolling Category Sourcing Strategies covering Technology and Non-Technology services,

• Define and agree regional category plans that deliver ongoing commercial value in terms of cost, performance and risk in accordance with the overall procurement strategy aligned to the business objectives and strategies

• Build strong relationships with regional business stakeholders, business management and finance as well ask third party suppliers

• Provide market insights to the broader procurement team including key stakeholders, senior management and the procurement sourcing office

• Manage and execute regional sourcing process including pipeline management, competitive tenders and benchmarking to identify best supplier option and commercial, contractual, performance and service delivery stipulations are embedded and aligned to business requirements.

• Ensure that all regional contracts have been abstracted and added to the contract repository and contract meta data is kept up-to-date throughout the contract lifecycle.

• Workload management and where applicable assign regional contract sourcing projects ( Sourcing Management Team and manage successfully delivery thereof through active management of assigned sourcing managers to the projects.

• Actively participate in the procurement strategic initiatives including transformation, continuous improvement and innovation programmes

• Manage and lead complex and high value contract (>£250k p.a.) negotiations with suppliers in region

• Participate and manage appropriate Governance forums and develop supporting metrics & reporting in conjunction with the Procurement Efficiency Office.

• Collaborate and support the commercial contract management activities with the management of the category panels and preferred supplier lists, performance and commercial issues during the post-deal contract period.

• Provide support to the Procurement Efficiency Office with supplier onboarding queries, Third Party Risk management activities and process issues, as well as offboarding of suppliers upon contract termination for regional suppliers.

• Liaise with business / service owners to drive spend through preferred suppliers or existing framework agreements

• Support and actively participate Category Management in major sourcing projects impacting multiple Business functions / stakeholders supporting the broader TP ICAP business strategy.

• Commercial Contract Management - commercial contract management of assigned suppliers to ensure compliance with all contractual stipulations to ensure that TP ICAP is protected against any value leakage commercial, performance driven and / or regulatory.

Procurement support activities - general support to broader procurement organisation.

• Support business analytics and MI team with development of MI reports, contract analysis and the like

• Support Procurement Efficiency Office with abstraction of new contracts and ensure key meta data is captured and stored in central contract depository

• Support Procurement Buyers team with PO / PR queries and escalations

• Identify opportunities to improve systems towards target state and prioritisation to positively influence successful outcomes.

Communication and Leadership

• Create & issue reports on procurement & outsourcing arrangements, including board and committee updates as required

• Deliver effective updates to key business stakeholders throughout the procurement process

Change, Risk and Issue Management

• Identify and escalate risks as appropriate

• Identify tools and methodologies to improve the effectiveness of the procurement process

Experience / Competences:

Essential

• Degree preferred or equivalent experience in a supply chain or procurement environment

• Strong negotiation and contract management capabilities

• Purchase order process and invoice approval management

• Experience of a contracts management platforms (Service Now, Ariba, etc.)

• Technical knowledge in an area relevant to procurement such as Contract management, Contract Negotiations (MCIPS or equivalent) and / or Third-Party Risk management

Desired

• Excellent Microsoft Office skills, in particular Excel

Level 6

$135,000-$140,500

#LI-Hybrid #LI-MID

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

USA - 200 Vesey Street - New York, NY