Procurement Analyst

| Chicago
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Optiver is looking for a Procurement Analyst to help enable and advance the business’ technology strategy in an operationally sound and cost effective manner. The Procurement function, within the TechOps team, drives strategic initiatives to ensure Optiver is buying goods and services in the most efficient way at the most competitive prices. We firmly believe in balancing a safe, orderly production environment with profitability and sustainable growth.

The team focuses on operational excellence and continuous improvement, which equips them with the ability to drive these wide-ranging initiatives forward consistently with efficiency and diligence while collaborating with all areas of the business. As a member of the Procurement team, you will individually drive a wide variety of projects, from the first strategy session through project completion. 

If you are interested in gaining experience in both the business and technical sides of a market making trading firm while gaining Procurement experience, this role will provide that opportunity.

What You’ll Do:

  • Process Development – Design and Implement continuous updates to the Procurement process in an effort to make the process more efficient and mature. Identify inefficiencies and build project plans to address and improve the internal purchasing experience
  • Daily Procurement Operations – Oversee day-to-day purchasing - working with A/P, Legal, technical teams, and vendors to purchase routine hardware, software, and services in a standardized fashion. Track renewals of recurring spend to facilitate timely contract review and execution. Lead proactive communication with internal stakeholders with updates on expected timelines and progress of purchase requests
  • Strategic Sourcing – Create and run competitive sourcing events (RFx) to solicit best pricing and terms from vendors. This will include working with internal stakeholders to design scopes, creating cost and savings models, and coordinating internal and external participation and communication
  • Contract and Pricing Review – Ensure price competitiveness of quotes by soliciting bids from other vendors and reviewing against past purchases of similar goods and services. Review business terms to ensure quote/contracts from vendors match contracting standards
  • Vendor Relationship Management – Conduct regular vendor performance reviews to identify areas to improve service and transparency with highest spend vendors. Work with vendors to remediate any issues in the supply chain that may impact goods and service fulfillment

What You’ll Need:

  • Bachelor’s Degree
  • Experience working in a technical environment
  • A high aptitude for understanding the technical components we buy to support our trading and corporate infrastructure
  • The ability to multitask and drive multiple projects simultaneously
  • Strong risk awareness and the ability to identify imminent risks
  • Ability to identify and resolve operational inefficiencies
  • Ability to work autonomously
  • Strong communication, organizational, and analytical skills
  • Attention to detail, diligence, and a high personal bar for performance expectations
  • Legal authorization to work in the U.S. is required; we will not sponsor individuals for
    employment authorization for this job opening

Who we are: 

Optiver is a leading proprietary trading firm using technology to provide the most up-to-date and competitive prices in financial products around the world. Put simply, we improve the markets. Achieving this requires excellence in everything we do. That’s not merely an aspiration, but our reason for being.

We’re seeking people who up the ante with nerve, with guts and, most importantly, with heart. We’re looking for the bold. Does that describe you? Then opt in.

Given the unprecedented situation of COVID-19, Optiver US is managing its business remotely. Please note this opportunity will not be remote long-term and employees will be expected to work in the office once it is safe to do so.

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Technology we use

  • Engineering
    • C#Languages
    • C++Languages
    • JavaLanguages
    • PythonLanguages

Location

130 E. Randolph Street, Chicago, IL 60601

An Insider's view of Optiver

What projects are you most excited about?

I’ve really come to appreciate what “proprietary” in “prop trading” means for our development culture. It enables a quick feedback and iteration loop where improvements are sometimes identified, designed, & implemented in a matter of hours. It also promotes a close-knit team culture where ideas come from all levels.

Owen

Software Engineer

How do you collaborate with other teams in the company?

One of my favorite aspects of Optiver is the openness of our company culture. We’re always encouraged to learn from each other and share ideas across teams, and this spirit of collaboration really permeates every interaction you’ll have.

Xiaoyu

Quantitative Trader

What are Optiver Perks + Benefits

Culture
Eat lunch together
Daily stand up
Open door policy
Group brainstorming sessions
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Family Medical Leave
Company sponsored family events
Optiver hosts a family-oriented summer event.
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours
Professional Development Benefits
Tuition Reimbursement

Additional Perks + Benefits

Fully paid health insurance premiums for employees • Generous 401(k) Plan • 25 days of paid vacation • Free catered breakfast and lunch daily • Weekly in-house chair massages • Complimentary in-house barista

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