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We are seeking a visionary and results-driven Head of Procurement to lead our global procurement function. Reporting to the Executive Director, Accounting Research & Operations within the Finance Division, you will be responsible for overseeing all aspects of the organization's supplier relationship management and strategic sourcing. This role involves developing and implementing procurement strategies, managing supplier relationships, ensuring the efficient and ethical acquisition of both technology and services, and optimizing costs. You will be a hands-on builder and a strategic partner, ensuring our procurement practices align with our company's business objectives and financial goals.
What You'll Get
A supportive environment fostering career progression, continuous learning, and an inclusive culture.
Broad exposure to CME's diverse products, asset classes, and cross-functional teams.
A competitive salary and comprehensive benefits package. Learn more about our career opportunities here.
What You'll Do
Strategic Leadership & Vision
Championa forward-looking procurement strategy that aligns directly with the company's overarching business objectives and financial goals.
Defineand implementa vision for procurement that leverages innovative best practices, emerging technologies, and data-driven methodologies to enhance efficiency and effectiveness.
Establishand governkey performance indicators (KPIs) to drive continuous improvement and ensure compliance with our organizational standards.
Supplier Management & Value Creation
Directthe full supplier lifecycle, from strategic sourcing and selection to negotiation, contract management, and performance evaluation, ensuring optimal value and risk mitigation.
Cultivateand strengthenstrategic relationships with key suppliers, fostering long-term, mutually beneficial partnerships.
Leadhigh-stakes negotiations to secure advantageous terms, pricing, and service level agreements that drive significant cost savings and efficiencies.
Cross-functional Integration & Influence
Integratethe procurement function seamlessly with key internal stakeholders, including finance, legal, and risk management, to ensure alignment and collective success.
Actas the primary point of contact and subject matter expert for all procurement matters, providing strategic guidance and expertise across the organization.
Communicate and presentprocurement strategies, initiatives, and results to executive leadership, articulating the function's value and impact on the business.
What You'll Bring
We are looking for an executive-level leader with a blend of strategic vision and hands-on operational expertise. You are a highly ethical, analytical, and influential professional with a deep understanding of the global procurement landscape.
Exceptional executive leadership, negotiation, and communication skills.
Deep understanding of procurement best practices, strategic sourcing, and third-party risk management methodologies.
Provenability to manage complex projects and drive large-scale organizational change.
Proficiencyin procurement technologies and enterprise resource planning (ERP) systems.
Strong analytical and problem-solving abilities to navigate complex challenges and opportunities.
High level of integrity and a commitment to ethical conduct.
Familiarity with Workday Strategic Sourcing, Archer, and Conga CLM is a plus.
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CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $190,100-$316,800. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.CME Group: Where Futures are Made
CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
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