Head of Procurement

###
** 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.###
** What You'll Do
**** Strategic Leadership & Vision**
* ** Champion
* * a forward-looking procurement strategy that aligns directly with the company's overarching business objectives and financial goals.
* ** Define
* * and
** implement
* * a vision for procurement that leverages innovative best practices, emerging technologies, and data-driven methodologies to enhance efficiency and effectiveness.
* ** Establish
* * and
** govern
* * key performance indicators (KPIs) to drive continuous improvement and ensure compliance with our organizational standards.
** Supplier Management & Value Creation**
* ** Direct
* * the full supplier lifecycle, from strategic sourcing and selection to negotiation, contract management, and performance evaluation, ensuring optimal value and risk mitigation.
* ** Cultivate
* * and
** strengthen
* * strategic relationships with key suppliers, fostering long-term, mutually beneficial partnerships.
* ** Lead
* * high-stakes negotiations to secure advantageous terms, pricing, and service level agreements that drive significant cost savings and efficiencies.
** Cross-functional Integration & Influence**
* ** Integrate
* * the procurement function seamlessly with key internal stakeholders, including finance, legal, and risk management, to ensure alignment and collective success.
* ** Act
* * as the primary point of contact and subject matter expert for all procurement matters, providing strategic guidance and expertise across the organization.
* ** Communicate
* * and
** present
* * procurement 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.
* ** Proven
* * ability to manage complex projects and drive large-scale organizational change.
* ** Proficiency
* * in 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.**#LI-Hybrid#LI-JK1

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…