Associate Principal, Sourcing & Procurement

Associate Principal, Sourcing & Procurement – The Options Clearing Corporation (OCC)

Associate Principal, Sourcing & Procurement is a senior procurement role focused on technology sourcing, contract negotiation and supplier relationship management. The role drives strategic sourcing initiatives, optimizes total cost of ownership, and ensures high quality and service levels for OCC’s technology and business needs.

• Identify and evaluate procurement opportunities aligned with OCC’s strategic and financial objectives.
• Lead negotiation and purchase of goods and services, with a focus on the technology category.
• Drive sourcing transactions to achieve significant cost reductions while maintaining/improving product quality and enhancing supplier service levels.
• Lead the development and management of RFP, RFQ and RFI processes.
• Manage projects against approved plans to ensure commitments are met.
• Provide high‑value procurement and contract negotiation consultation to the business.
• Collaborate effectively across functions and business lines to realize procurement goals and objectives.
• Negotiate contractual agreements in compliance with OCC policies and regulatory requirements.

• 5–7 years of progressive procurement experience in technology space including contracting, sourcing and negotiation.
• Successful track record in a large procurement organization.
• Strong relationship building at all levels.
• Excellent verbal and written communication skills.
• Strong problem solving, conflict management and conceptual thinking abilities.
• Process driven with strong analytical acumen.
• Strong negotiation expertise and understanding of key contracting concepts and legal terms.
• Ability to translate business requirements into agreements.
• Knowledge of financial analysis and management.
• Knowledge of IT asset management.

• Proficient with Microsoft Office.
• ERP system experience.

• Certified Professional in Supply Management (CPSM).
• Certified Professional in Supplier Diversity (CPSD).
• Chartered Institute of Procurement and Supply (CIPS) qualification or Member of the CIPS (MCIPS).

• Bachelor’s degree in business management, supply chain, information technology or related field.
• Master’s degree or MBA (preferred).
• Formal training in negotiation (preferred).

The Options Clearing Corporation is the world’s largest equity derivatives clearing organization, dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions.

• Hybrid work environment – up to 2 days per week remote work.
• Tuition reimbursement to support your continued education.
• Student loan repayment assistance.
• Technology stipend allowing remote work device connectivity.
• Generous PTO and parental leave.
• 401(k) employer match.
• Competitive health benefits including medical, dental and vision.

• Base salary range is exclusive of fringe benefits.
• Annual discretionary bonus eligibility.

$89,600.00 – $

8% to 15% annual discretionary incentive compensation.

OCC is an Equal Opportunity Employer.