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Procurement Specialist

Procurement Specialist

Optiver is looking for a Procurement Specialist to help enable and advance the business’ strategy. The Procurement and Cost Management function drives strategic initiatives to ensure Optiver is buying goods and services in the most efficient way at the most competitive prices.. If you are interested in gaining experience in both the business and technical sides of a market making trading firm while furthering your Procurement experience, this role will provide that opportunity.

WHO WE ARE

Optiver is a leading global electronic market maker, focused on pricing, execution and risk management. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies. Sydney is the hub of Optiver’s APAC operations and support trading activities in Hong Kong, Japan, Korea, Taiwan, Singapore and China. Optiver is proud of its unique organisational culture, which is simultaneously low on formality and bureaucracy and highly focused on performance and innovation

WHAT YOU’LL DO

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 and Cost Management team, you will individually drive a wide variety of projects, from the first strategy session through project completion.

  • Daily Procurement Operations – Oversee day-to-day procurement – working with technical teams, Legal, Tax, A/P 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 throughout the sourcing process by 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
  • 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 improve the internal purchasing experience.

WHO YOU ARE

  • A 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