Interactive Brokers

Category Leader - IT Software & Services

Interactive Brokers • $120K — $150K *
Chicago, IL 60629In-Person
Information Technology
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Business Administration, or Supply Chain Management
  • 7+ years in IT software procurement and vendor management
  • Experience managing complex, large-scale strategic initiatives
  • Proven track record of applying strategic sourcing methodologies
  • Exceptional negotiation skills with executive stakeholders
  • Strong organizational awareness and decision-making capabilities
  • Superior written and verbal communication skills
  • Proactive and collaborative approach to stakeholder engagement
  • Advanced analytical and problem-solving skills

Responsibilities

  • Spearhead enterprise-wide procurement initiatives with major technology providers like AWS and Oracle
  • Achieve savings through innovative procurement strategies
  • Collaborate globally with teams in Technology, Finance, and Compliance
  • Maintain knowledge of industry trends and pricing models
  • Conduct financial evaluations of supplier proposals
  • Ensure compliance with internal policies during procurement processes
  • Oversee key supplier relationships and monitor performance
  • Present sourcing recommendations to senior leadership
  • Mentor junior team members and manage their professional development
  • Contribute to procurement policy and process improvements

Benefits

  • Competitive salary, annual performance-based bonus, and stock grant
  • 401(k) retirement plan with company match
  • Comprehensive health benefits including company-paid medical premium
  • Wellness screenings and mental health support through EAP
  • Daily lunch allowance and a stocked kitchen with healthy options
  • Corporate events for team bonding and community involvement
  • Education reimbursement and opportunities for professional development
Full Job Description
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

About Interactive Brokers

Interactive Brokers is a leading online brokerage firm. They offer a wide range of services to clients, including trading in stocks, options, futures, currencies, and bonds. Interactive Brokers is known for their low fees and advanced trading platform. They have a team of experienced professionals who are committed to providing the best service to their clients. Interactive Brokers is a publicly traded company and is listed on the NASDAQ stock exchange.
Learn more about Interactive Brokers
Size
2,683 employees
Market Cap
$30 billion
Industry
Finance & Insurance
Net Income
$195 million
5 Year Trend
+14.8%
Revenue
$2.4 billion
NASDAQ
IBKR
* Ladders Estimates

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