Procurement Associate

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 are 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 creating a workplace that looks like the world that we serve.  

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.

 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).

 The Impact you will have in this role:

Being a member of the Procurement team, a Procurement Associate 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
• Responsible for completing the requests in Procurement 360 on a timely manner or prior to start/expiry date, Oracle and Fieldglass ensuring that the request resulted to a fully executed Purchase Order or a Statement of Work. In the case of premature or wrong requests raised by the Business, it is the Procurement Associate responsibility to have the request withdrawn. 
• Works with the sourcing lead, any CPS members, and/or Subject Matter Experts (SMEs) such as but not related to TPR, DPA, Contracts, QA Team, Compliance, Regulatory Reporting team etc. 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 Sourcing Lead and/or 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
   

Qualifications:

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Strong communications skills
• Collaborative
• Able to handle complicated situation at work

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

---