Procurement Associate
19 hours ago
Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to crafting a workplace that looks like the world that we serve.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
Being a member of the Procurement team, a Procurement Administrator will support the procurement teams by overseeing aspects of procurement including supplier management, contract management, and vendor performance tracking. This position is responsible for performing the most complex procurement work and provides oversight and management of the procurement activities
What You'll Do
- Responsible for maintaining consistent and accurate information and fields in all procurement systems such as but not limited to Oracle, Fieldglass, Procurement 360 when processing engagements e.g. Statement of Work, Purchase Order
- Works with the sourcing lead, any CPS members, and/or Subject Matter Experts (SMEs) including the Business to complete and execute engagements timely and accurately
- Works on relevant information required for Contract, Purchase Orders and Statement of Work; uploads documents in the contract repository; alerts, notify and monitor renewals and expirations; tracking SLA/KPI and reporting of execution of engagements
- Works with Procurement Teams in gathering spend, transaction volume, and supplier analysis reporting requirements
- Designs business analysis, data recording systems and operational dashboards for use throughout the department
- Monitors the service delivery data reports and operational dashboards to identify any business demand trends and raise any concerns to the team
- Communicates the results of data analysis in written and verbal form to the Associate Director Services Procurement
- Reports and tracks weekly information required for balanced scorecard reporting/KPI measurement
- Publishes Financial Reporting such as Procurement Vendor, spend dashboard, etc.
- Collaborate with IT, CPS, and other functional teams in determining ways to continually improve data management, processes, and governance standards
- Maintains procurement systems, databases and perform updates as necessary to ensure accuracy
- Minimum of 3 years of related experience
- Bachelor's degree preferred or equivalent experience
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.
DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.
Learn more about Clearance and Settlement by clicking here.
About the Team
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC's competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
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