Full-Time
CPS Sourcing Director
Non-IT
Updated on 3/14/2025
DTCC
1,001-5,000 employees
No salary listed
Expert
New York, NY, USA
Hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
- Minimum of 10 years of related experience
- Bachelor's degree preferred or equivalent experience
- Deep experience with business category management, sourcing opportunity assessment, strategic sourcing, and supplier management
- Proven success developing RFXs and negotiating professional services contracts
- Extensive knowledge of enterprise vendors as well as emerging technology providers
- Outstanding communication skills, including the ability to simplify complex sourcing and contractual concepts into terms that can be understood by business, legal, finance, and risk partners
- Expert level Excel analytics, reporting, and PowerPoint skills
- Partner with customers to create a sourcing strategy that aligns with the needs of the business while meeting financial and operational control objectives
- Develop and manage relationships with key vendors, fostering strategic partnerships that enable continuous value-delivery
- Ensure compliance with policy, process, and systems for all category spend
- Oversee the full lifecycle of strategic sourcing (including RFx), contracting, and downstream procurement workflow
- Pro-actively manage renewals to drive savings and mitigate business disruptions
- Promote the sourcing and procurement function to ensure business owners understand Sourcing’s value proposition and how to effectively partner with the Sourcing team
- Lead value driven QBRs for key vendors
- Leverage spend and contract data to identify savings and efficiency opportunities
- Leverage experience to enhance the impact of sourcing levers including spend analysis, RFx tools and templates, contract management, and preferred supplier programs
- Develop, report on, and analyze important metrics and drive a culture of process improvement across the sourcing categories
- Lead sourcing projects by identifying clear objectives that consider financial, risk, and operational benefits for DTCC
- Collaborate with customers and other key partners to ensure the Sourcing model continually meets the changing needs of the organization
- Continuously develop subject matter expertise via benchmarking/research, industry/peer collaboration, training, and client feedback
- Conduct negotiations with suppliers to secure favorable terms, pricing, and contracts while ensuring alignment with DTCC goals
- Lead, mentor, and develop less experienced members of the sourcing team
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1973
Simplify's Take
What believers are saying
- DTCC plans to extend clearing hours to support near round-the-clock trading by 2026.
- DTCC's GTR will add MiFID/R reporting capabilities, enhancing compliance and operational processes.
- DTCC and CME Group will enhance cross-margining, increasing capital efficiencies by December 2025.
What critics are saying
- Decentralized finance platforms pose a competitive threat to traditional clearinghouses like DTCC.
- Blockchain technology adoption could disrupt DTCC's traditional clearing and settlement processes.
- Central bank digital currencies may challenge DTCC's current business model.
What makes DTCC unique
- DTCC is the premier post-trade market infrastructure for global financial services.
- DTCC's GTR is the only industry-owned global provider of trade reporting services.
- DTCC's NSCC subsidiary offers a central counterparty guarantee for overnight trading activities.
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Benefits
Health Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Hybrid Work Options
Company News
Volatility Shares, a Florida-based issuer of exchange-traded funds, will debut two ETFs on Thursday that track Solana’s price using futures contracts in the U.S., the firm’s co-founder and CEO Justin Young confirmed to Decrypt.The Volatility Shares Solana ETF (SOLZ) will track Solana futures, which recently launched in the U.S. through Coinbase’s derivatives arm, while the Volatility Shares 2x Solana ETF (SOLT) will allow investors to access amplified returns. Both funds will be listed on the Nasdaq, as first reported by Bloomberg.“We launched the first leverage Bitcoin and Ethereum ETFs in the U.S., so this fits really well into our wheelhouse,” he told Decrypt. “It’s really us being first to market again.”As the SEC mulls applications from several asset managers that seek to establish a spot Solana ETF in the U.S., Volatility Shares’ debut represents a tacit acknowledgement from the SEC that the top altcoin is a commodity.Volatility Shares first filed for a futures-based Solana ETF in December, and registration statements posted to the firm’s website say they are “subject to completion.”At the time, Volatility Shares filed for a “-1x Solana ETF.” However, the company has put that offering “on hold for now” despite a green light from the SEC, Young said.The Depository Trust and Clearing Corporation (DTCC) listed SOLZ and SOLT last month before futures regulated by the Commodity Futures Trading Commission began trading.Solana futures began trading on the Chicago Mercantile Exchange (CME) on Monday, generating $12.3 million in notional trading volume. Bitcoin and Ethereum futures debuted on the exchange in 2017 and 2022, respectively.Solana’s price jumped 5% to $130 in Wednesday trading, according to the crypto data provider CoinGecko. Over the past month, the asset has dropped 27% as U.S
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its National Securities Clearing Corporation (NSCC) subsidiary will increase clearing hours to support extended trading with implementation targeted for Q2 2026, subject to regulatory review and approval of any necessary rule changes. Extending clearing hours will deliver increased client value by maximizing liquidity and reducing counterparty risk as NSCC will be able to apply its central counterparty guarantee to overnight activity across different time zones for global participants.NSCC implemented phase 1 of the new extended trading hours schedule in September 2024 by enabling market centers and trading platforms to submit trades at 1:30 AM ET, approximately 2.5 hours earlier. Under plans for phase 2, which will take effect in Q2 2026, NSCC will operate 24×5, from Sunday at 8:00 PM ET to Friday at 8:00 PM ET to support overnight trading activity from Alternative Trading Systems (ATS) and Exchanges. NSCC is aware that the industry has indicated a preference to establish standard operating hours across Exchange and ATS providers for the U.S. market, and NSCC will continue to work with SIFMA, regulators and the industry to support the alignment of extended trading hours and any required changes to post-trade processes.“As interest in near round-the-clock trading of U.S. equities grows, we are meeting this demand by extending our clearing hours to support our clients and further strengthen the safety and soundness of the markets,” said Brian Steele, Managing Director, President of Clearing and Securities Services at DTCC
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its National Securities Clearing Corporation (NSCC) subsidiary will increase clearing hours to support extended trading with implementation targeted for Q2 2026, subject to regulatory review and approval of any necessary rule changes. Extending clearing hours will deliver increased client value by maximizing liquidity and reducing counterparty risk as NSCC will be able to apply its central counterparty guarantee to overnight activity across different time zones for global participants.NSCC implemented phase 1 of the new extended trading hours schedule in September 2024 by enabling market centers and trading platforms to submit trades at 1:30 AM ET, approximately 2.5 hours earlier. Under plans for phase 2, which will take effect in Q2 2026, NSCC will operate 24×5, from Sunday at 8:00 PM ET to Friday at 8:00 PM ET to support overnight trading activity from Alternative Trading Systems (ATS) and Exchanges. NSCC is aware that the industry has indicated a preference to establish standard operating hours across Exchange and ATS providers for the U.S. market, and NSCC will continue to work with SIFMA, regulators and the industry to support the alignment of extended trading hours and any required changes to post-trade processes.“As interest in near round-the-clock trading of U.S. equities grows, we are meeting this demand by extending our clearing hours to support our clients and further strengthen the safety and soundness of the markets,” said Brian Steele, Managing Director, President of Clearing and Securities Services at DTCC
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced its plans to add a Markets in Financial Instruments Directive/Regulation (MiFID/R) ARM service to its Global Trade Repository (GTR) service in support of evolving transaction and trade reporting requirements. Subject to regulatory approval, the service is targeted to be launched in the UK by Q1 2026 and in the EU in line with the upcoming regulatory changes.Once launched, GTR’s MiFID/R capabilities will enable firms to fulfil their transaction reporting obligations under the regulation. Firms will also benefit from ancillary services such as data quality analytics as well as smart tooling to assist with monitoring, controls and exception management. In addition, the service will include a dedicated back-reporting channel with queuing and in sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution. DTCC’s GTR is the only industry-owned and governed global provider of trade reporting services and now supports the major reporting regulations from a single global platform.“In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities in early 2026 following regulatory approvals,” said Michele Hillery, DTCC Managing Director and Head of Repository and Derivatives Services. “DTCC is uniquely positioned to leverage its expertise in regulatory trade and transaction reporting to not only help clients comply with forthcoming mandates, but also to enable them to modernize and optimize their operational processes.”With the addition of MiFID/R capabilities, GTR consolidates derivatives and securities trade and transaction reporting on a single platform, offering clients the opportunity to optimize cost, governance, operational risk and controls management.“As with past regulations, there will be operational complexities once the MiFID III/MiFIR II regulation is introduced,” said Syed Ali, DTCC Managing Director, Repository & Derivatives Services (RDS)
The Depository Trust & Clearing Corporation (DTCC) today announced its plans to add a Markets in Financial Instruments Directive/Regulation (MiFID/R) ARM service to its Global Trade Repository (GTR) service in support of evolving transaction and trade reporting requirements. Subject to regulatory approval, the service is targeted to be launched in the UK by Q1 2026 and in the EU in line with the upcoming regulatory changes.Once launched, GTR’s MiFID/R capabilities will enable firms to fulfil their transaction reporting obligations under the regulation. Firms will also benefit from ancillary services such as data quality analytics as well as smart tooling to assist with monitoring, controls and exception management. In addition, the service will include a dedicated back-reporting channel with queuing and in sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution. DTCC’s GTR is the only industry-owned and governed global provider of trade reporting services and now supports the major reporting regulations from a single global platform.“In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities in early 2026 following regulatory approvals,” said Michele Hillery (pictured), DTCC Managing Director and Head of Repository and Derivatives Services. “DTCC is uniquely positioned to leverage its expertise in regulatory trade and transaction reporting to not only help clients comply with forthcoming mandates, but also to enable them to modernize and optimize their operational processes.”With the addition of MiFID/R capabilities, GTR consolidates derivatives and securities trade and transaction reporting on a single platform, offering clients the opportunity to optimize cost, governance, operational risk and controls management.“As with past regulations, there will be operational complexities once the MiFID III/MiFIR II regulation is introduced,” said Syed Ali, DTCC Managing Director, Repository & Derivatives Services (RDS)