What are the responsibilities and job description for the Vendor Manager – Indirect Procurement position at Interactive Brokers and Careers?
Company Overview
Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.
IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.
Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.
This is Hybrid role (3 days in office /2 days remote)
About your Team:
This senior vendor management role reports to the Sr. Director of IT Procurement and Vendor Management. The position requires an experienced individual who will:
- Serve as trusted advisor to business leaders, legal, enterprise risk, audit, compliance and other key IBKR stakeholders globally.
- Guide vendors through robust risk assessments and due diligence process for existing ICT 3rd party service providers.
- Implementing robust contractual arrangements that address security, performance, and continuity requirements.
- Establishing effective monitoring, scorecards and oversight mechanisms for ICT 3rd party service providers (TPSP).
The ideal candidate must demonstrate strong experience with critical and strategic vendor relationship management, drive measurable improvements across the vendor management landscape.
What will be your responsibilities within IBKR:
- Develop and implement vendor management strategies and processes.
- Manages all vendor management related assignments and activities.
- Developing and maintaining incident response and business continuity plans.
- Ensuring regular testing and updating of these plans to address evolving ICT TPSP risks and threats.
- Collaborate with various internal departments to build reporting requirements and automate in procurement and vendor management systems.
- Drive DORA addendum execution and compliance.
- Guide cross-functional teams through the procurement and vendor management process.
- Ensure to align with category leaders on sourcing/procurement strategy.
- Leads the development and implementation of multiple complex and cross-region supplier performance scorecards.
- Monitor vendor performance against contracts, service level agreements (SLAs), and key performance indicators (KPIs).
- Ensures business expectations, global and regional regulation/compliance requirements are met.
- Solid understanding of Responsible Sourcing, Contract Management, Category Management, Diverse Supply Base, 3rd Party Risk Mgmt. and Regional Compliance requirements etc.
- Experienced and comfortable using Source to Pay systems.
- Reporting and Analytics – Able to develop complex dashboards and release monthly reports.
What required skill's you need:
- Education: Bachelor's degree required, preferably in Finance, Business Administration, or Supply Chain Management.
- Experience: 10-15 years of professional experience in vendor management.
- Project Management: Demonstrated ability to manage large-scale, complex strategic initiatives with multi-million-dollar values, tight deadlines, and significant risk factors.
- Methodical Approach: Proven track record applying structured strategic vendor management methodologies successfully.
- Negotiation Skills: Exceptional negotiation abilities with demonstrated capacity to influence executive stakeholders both internally and externally.
- Business Acumen: Strong organizational awareness with sound judgment in planning and decision-making processes.
- Communication: Superior written and verbal communication skills.
- Stakeholder Management: Proactive and collaborative mindset with a focus on delivering exceptional internal client engagements.
- Analytical Thinking: Advanced analytical and problem-solving capabilities, particularly in translating spend/supplier data into effective sourcing strategies.
To be successful in this position, you will have the following:
- Self-motivated and able to handle tasks with minimal supervision.
- Superb analytical and problem-solving skills.
- Excellent collaboration and communication (Verbal and written) skills.
- Outstanding organizational and time management skills.
Company Benefits & Perks
- Competitive salary, annual performance-based bonus and stock grant
- Retirement plan 401(k) with competitive company match
- Excellent health and wellness benefits, including medical, dental, and vision benefits. Company paid medical healthcare premium.
- Wellness screenings and assessments, health coaches and counseling services through an Employee Assistance Program (EAP)
- Paid time off and a generous parental leave policy
- Daily company lunch allowance provided and a fully stocked kitchen with healthy options for breakfast and snack
- Corporate events including team outings, dinners, volunteer activities and company sports teams
- Education reimbursement and learning opportunities
- Modern offices with multi-monitor setups
This role's anticipated base salary range is $145,000 to $165,000 annually, based on skills and experience. The offered salary is just part of the total compensation package. In addition to a competitive salary, the company offers both a discretionary cash bonus and stock award, as well as a wide range of benefits, including health care, tuition reimbursement, and much more.
Salary : $145,000 - $165,000