Sourcing Manager

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a Sourcing Manager to join our Corporate Services team. The Sourcing Manager will provide management level responsibilities within the Procurement team and is accountable for managing global vendor standards, relationships, contract negotiation support and cost savings initiatives while maintaining the strategic direction and vision of the Procurement team.

Responsibilities

• Liaison between vendors, internal stakeholders and sourcing teams. Serving as the management level point of contact between all groups
• Developing and managing vendor relationships in support of and under the guidance of end users and department heads. Aligning the needs of the business unit and company’s vision and interests
• Developing processes, tools, and standards to help support global vendor management including RFQ/RFI templates, onboarding workflows, risk assessments and certification reviews, performance tracking, cost analytics, and SLA performance management tools (scorecards and dashboards)
• Assisting with process improvement efforts and programs to identify and increase efficiency and/or reduce cost to the organization, while supporting the delivery of excellent service
• Negotiating vendor contracts, renewal of services, SLA and performance measurements, and the full lifecycle of vendor interactions, in compliance with policies and procedures
• Supporting the design and enhancement of tools for use in vendor management
• Overseeing a repository of vendor contracts or utilizing a similar solution to track key dates (expirations, renewals) to assess demands and initiate proper planning efforts
• Providing operational support and coverage for all purchasing related activities as needed

Qualifications

• A Bachelor’s degree in supply chain management, business, or a finance-related field
• At least 5 to 10 years of experience in a Sourcing or Vendor management role or related activities
• Strong knowledge and experience of the entire procurement lifecycle and processes
• Understanding of market dynamics and sound business judgment
• Strong understanding of technology hardware and software contracts and solutions
• Excellent written and verbal communication skills with an outstanding ability to manage relationships
• Working knowledge of procurement management software, such as Oracle, Ariba, SAP, GEP, etc.
• Willingness to travel to meet and oversee vendors relationships and be onsite where services are performed or new products are introduced

Anticipated annual base salary range $125,000 - $200,000 plus eligible for discretionary bonus.

Benefits

Tower’s dual offices and garden roof decks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

• 401(k) with company matching
• 5 weeks of paid vacation per year plus 11 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

Tower Research Capital is an equal opportunity employer.