Full-Time

Procurement Manager

Confirmed live in the last 24 hours

Schonfeld

Schonfeld

201-500 employees

Multi-manager investment platform for diverse strategies

Quantitative Finance
Financial Services

Compensation Overview

$150k - $200kAnnually

+ Performance Bonus + Competitive Benefits Package

Senior, Expert

New York, NY, USA

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Risk Management

You match the following Schonfeld's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Preferably educated to degree level, ideally but not essentially, with CIPS qualification
  • 6-10 years of relevant work experience
  • Experience leading procurement and strategic sourcing and vendor risk teams
  • Extensive experience managing a procurement portfolio across various categories
  • Understanding of key regulatory obligations related to Outsourcing and third-party risk management
  • Thorough knowledge of best in class sourcing, procurement, vendor management and automated payment solutions
  • Experience overseeing the selection and implementation of ERP Systems for all categories of spend
  • Strategic agility, visionary leader who can also roll up their sleeves and dig deep into the details
Responsibilities
  • Develop the procurement strategy and transformation roadmap; gain consensus from leadership and key stakeholders
  • Develop strategies that drive cost efficiencies and reductions
  • Revamp company-wide policies and operating procedures
  • Lead the organization through change, drive company-wide adoption of sourcing best practices and controls
  • Help with Workday implementation and setting up best practices
  • Develop strategic governance and supplier management framework for managing key supplier relationships and escalations
  • Ensure processes such as competitive bidding, cost benchmarking, vendor identification and comprehensive contracting discipline are instituted
  • Establish process to track procurement activity / monitor savings of procurement initiatives and conduct quarterly procurement reviews with business and functional leads
  • Establish and run a robust supplier management process across the procurement lifecycle and actively address under-performance
  • Work with business to identify, assess, qualify, and develop new suppliers needed for new product and service introductions
  • Manage the performance of Suppliers to drive alignment with company’s goals and strategies
  • Develop and lead a high performance team that is viewed as adding value to the business and the firm
  • Create templates to ensure consistency in sourcing processes and communications
  • Partner with leaders across the organization on strategies that directly impact the company’s cost reduction efforts. Build credibility with internal stakeholders and external suppliers
Desired Qualifications
  • Buyside experience
  • MS Office Skills
  • Strong executive-level communication/presentation skills
  • Impeccable attention to detail and excellent problem solving and analytical skills
  • Strategic thinker with strong implementation ability

Schonfeld Strategic Advisors operates a multi-manager investment platform that invests capital with internal and partner portfolio managers across four main trading strategies: quantitative, fundamental equity, tactical trading, and discretionary macro & fixed income. The firm leverages proprietary technology and risk analytics to identify market opportunities globally, covering various asset classes. Schonfeld differentiates itself by providing portfolio managers with autonomy and support, fostering a collaborative environment. The company's goal is to generate strong returns for institutional investors and high-net-worth individuals through strategic investments and effective risk management.

Company Size

201-500

Company Stage

N/A

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven trading enhances Schonfeld's quantitative strategies and risk analytics.
  • Thematic ETFs in tech and healthcare offer high-growth investment opportunities for Schonfeld.
  • Alternative data integration provides Schonfeld competitive advantages in market insights.

What critics are saying

  • Departure of key Asia personnel may disrupt regional operations and growth.
  • New stakes in various companies expose Schonfeld to market volatility and sector risks.
  • New CTO appointment may lead to strategic shifts impacting current operations.

What makes Schonfeld unique

  • Schonfeld invests in diverse strategies: quantitative, fundamental equity, tactical trading, and macro.
  • The firm leverages proprietary technology and risk analytics for market opportunities.
  • Schonfeld offers global exposure across Americas, Europe, and Asia with multiple asset classes.

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Benefits

Performance Bonus

Professional Development Budget

Company News

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In the five years To was there, this person noted, Schonfeld's Asia business expanded to Japan and Australia and nearly tripled its head count in the region.

Defense World
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Schonfeld Strategic Advisors LLC purchased a new stake in Vicor in the third quarter valued at about $760,000.

eFinancialCareers
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CTO of the nicest hedge fund takes an executive role at Schonfeld

Thomas DeBow has joined Schonfeld as CTO, having held the same role at Alphadyne for the past six years.

Slater Sentinel
Apr 8th, 2024
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Schonfeld Strategic Advisors LLC purchased a new stake in Wheels Up Experience in the 3rd quarter valued at $39,000.

Defense World
Apr 4th, 2024
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Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Acacia Research in the first quarter valued at approximately $49,000.

Defense World
Mar 28th, 2024
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Schonfeld Strategic Advisors LLC acquired a new stake in Patria Latin American Opportunity Acquisition in the 1st quarter valued at about $158,000.

MarketBeat
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Schonfeld Strategic Advisors LLC purchased a new stake in Arcturus Therapeutics in the 3rd quarter worth approximately $2,738,000.