Senior Procurement Specialist

The Depository Trust & Clearing Corporation (DTCC) has an outstanding opportunity for a Senior Procurement Specialist, based in Jersey City, NJ

Position Summary

Responsible for the procurement and acquisition of goods and services for DTCC that deliver short-term procurement value and work to enhance processes and drive efficiency. Consult and advise business units or functions on the acquisition of goods and services of most complex and technical across one or multiple categories. Conduct industry research, benchmark analysis, competitive bids, and develop contracts according to procurement policies. Review and analyze category spend for sourcing or expense reduction opportunities.

Principal Responsibilities

Collaborate with leadership to plan and assist with the execution of annual strategic sourcing plans to include purpose, business objectives, and financials for each assigned category to achieve defined business goals.
Leverage demand and buy levers to evaluate most complex and technical category spend, identify cost reduction opportunities and recommendations to support business objectives. 
Provide expert consultation for most complex and technical new and renewal contracts, agreements, and leases. Determine appropriate stakeholders (i.e. legal, IRM and IT) to engage as necessary. 
Execute most complex and technical RFP(X) (i.e. requests for information, proposals and/or quotes) with pre-defined and/or new suppliers based on business unit requirements and funding in order to optimize the purchase of products and services.  
Review contract pipeline report for assigned categories and consult with the business unit to determine the next action on a supplier relationship.  Partner with business unit and Finance to forecast for contract renewals. 


Six to eight years experience in all aspects of supply chain management including relationship management; or equivalent professional experience in other closely related industries.

About DTCC

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2014, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$64 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. 

To learn more, please visit www.dtcc.com or follow us on Twitter @The_DTCC.