Interactive Brokers Logo

Interactive Brokers

Category Leader - IT Software & Services

Posted Yesterday
Be an Early Applicant
In-Office
Chicago, IL, USA
Senior level
In-Office
Chicago, IL, USA
Senior level
Lead global strategic sourcing and vendor management for enterprise IT software, SaaS, cloud and IT services. Negotiate contracts with major providers, drive cost optimization, manage supplier performance, perform financial analysis and market intelligence, ensure governance and compliance, mentor team members, and present recommendations to senior leadership.
The summary above was generated by AI
Company Overview

Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.

IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.

Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.

This is Hybrid role (4 days in office /1 day remote)

About your Team:

This senior procurement role reports to the Sr. Director of IT Procurement and Vendor Management. The position requires an experienced negotiator who will:

  • Serve as a trusted advisor to global IBKR stakeholders
  • Lead strategic sourcing initiatives for software, SaaS, CSP and IT services
  • Guide cross-functional teams through the procurement and vendor management process
  • Leverage organizational buying power for commercial advantages
  • Apply expertise in enterprise technology contract negotiations

The ideal candidate must demonstrate strong experience with complex IT procurement and possess the skills to drive measurable improvements across the technology purchasing landscape.

 What will be your responsibilities within IBKR: 

  • Strategic Sourcing Leadership: Spearhead complex enterprise-wide procurement initiatives and negotiations with major technology providers, including AWS, Akamai, GCP, Microsoft, and Oracle.
  • Cost Optimization: Achieve targeted savings through innovative approaches such as enterprise discount programs, long-term agreements, and consumption-based models.
  • Cross-Functional Collaboration: Work globally with Technology, Finance, Legal, Compliance and operations teams to align procurement with business objectives.
  • Market Intelligence: Maintain current knowledge of industry trends, cost drivers, pricing models, and economic indicators to identify optimal supply sources.
  • Financial Analysis: Conduct benchmark reviews and complex financial evaluations of supplier proposals to ensure maximum value.
  • Governance and Compliance Management: Serve as the bridge between internal stakeholders and vendors, ensuring adherence to the source-to-pay guideline and compliance with internal policies and regulations.
  • Vendor Relationship Management: Oversee key supplier relationships, monitoring performance, quality, cost, and contractual commitments.
  • Performance Reviews: Participate in supplier business reviews covering performance metrics, technology roadmaps, and market developments.
  • Executive Reporting: Prepare and present sourcing recommendations and progress updates to senior leadership.
  • Team Development: Mentor junior team members and oversee the performance and professional growth of direct reports.
  • Process Improvement: Contribute to policy development, workflow optimization, and procurement system enhancements.

 What required skill’s you need:

  • Education: Bachelor's degree required, preferably in Finance, Business Administration, or Supply Chain Management.
  • Experience: Minimum 7 years of professional experience in IT software procurement and vendor management.
  • Project Management: Demonstrated ability to manage large-scale, complex strategic initiatives with multi-million-dollar values, tight deadlines, and significant risk factors.
  • Methodical Approach: Proven track record applying structured strategic sourcing methodologies successfully.
  • Negotiation Skills: Exceptional negotiation abilities with demonstrated capacity to influence executive stakeholders both internally and externally.
  • Business Acumen: Strong organizational awareness with sound judgment in planning and decision-making processes.
  • Communication: Superior written and verbal communication skills for developing RFx documents, contracts, and executive presentations to both internal and external audiences.
  • Stakeholder Management: Proactive and collaborative mindset with a focus on delivering exceptional internal client engagement.
  • Analytical Thinking: Advanced analytical and problem-solving capabilities, particularly in translating spend data into effective sourcing strategies.

 To be successful in this position, you will have the following:

  • Self-motivated and able to handle tasks with minimal supervision.
  • Superb analytical and problem-solving skills.
  • Excellent collaboration and communication (Verbal and written) skills.
  • Outstanding organizational and time management skills.
Company Benefits & Perks
  • Competitive salary, annual performance-based bonus and stock grant
  • Retirement plan 401(k) with competitive company match
  • Excellent health and wellness benefits, including medical, dental, and vision benefits. Company paid medical healthcare premium.
  • Wellness screenings and assessments, health coaches and counseling services through an Employee Assistance Program (EAP)
  • Daily company lunch allowance provided and a fully stocked kitchen with healthy options for breakfast and snack
  • Corporate events including team outings, dinners, volunteer activities and company sports teams
  • Education reimbursement and learning opportunities

Interactive Brokers Chicago, Illinois, USA Office

209 S La Salle St, , Chicago, IL , United States, 60604

Similar Jobs

An Hour Ago
Hybrid
Chicago, IL, USA
75K-115K Annually
Mid level
75K-115K Annually
Mid level
Information Technology • Professional Services • Financial Services
Support and supervise equities clearing operations: handle client queries, review trade lifecycle instructions, investigate process bottlenecks, recommend and implement risk-reducing improvements, write process documentation, research new product offerings, and provide rotating onsite coverage.
Top Skills: Agentic AiCme PortalDtccIce PortalJIRALarge Language ModelsExcelMs PowerpointMs WordOcc PortalSQL
2 Hours Ago
Hybrid
Chicago, IL, USA
172K-258K Annually
Expert/Leader
172K-258K Annually
Expert/Leader
Digital Media • Information Technology • News + Entertainment
Lead engineering and architecture for Snowflake-based data platforms and ingestion services supporting audience and measurement. Define strategy, SLAs/SLOs, scalability, cost optimization, cloud-native modernization, CI/CD and IaC adoption. Oversee high-volume data onboarding, normalization, hygiene, and activation workflows. Build and manage a high-performing engineering organization and budgets, partnering with product, privacy, revenue science, and partnerships.
Top Skills: AutomationCi/CdCloud-NativeData IngestionData PipelineInfrastructure As CodeSnowflake
2 Hours Ago
Hybrid
Chicago, IL, USA
157K-235K Annually
Senior level
157K-235K Annually
Senior level
Digital Media • Information Technology • News + Entertainment
Lead and provide executive oversight for Identity engineering: design and scale identity graph platforms, ingest and normalize high-volume identity signals, ensure performance and availability, drive data engineering and ML best practices, partner cross-functionally (Product, Revenue Science, Privacy), manage budgets, and oversee software development lifecycles and releases to enable privacy-compliant audience targeting and ad-serving capabilities.

What you need to know about the Chicago Tech Scene

With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.

Key Facts About Chicago Tech

  • Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
  • Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
  • Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
  • Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account