Manager, Procurement

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities. Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance. At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best. At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential. Tower Research Capital is seeking a commercially minded Procurement Manager to strengthen our global procurement and logistics capabilities. This individual will operate independently within established priorities and serve as a trusted partner to senior business stakeholders, suppliers and other support functions. Responsibilities • Supporting the development and execution of end-to-end sourcing strategies, independently managing assigned initiatives from requirements gathering and market analysis through negotiation, contracting, implementation, and renewal • Serving as a commercial partner to internal stakeholders, translating business requirements into actionable sourcing strategies, supplier recommendations, and execution plans • Leading negotiations within agreed parameters across pricing, commercial terms, service-level agreements, performance measures, and renewals, ensuring alignment with business objectives and company requirements • Developing pricing, scenario, and total-cost models while supporting forward-looking contract and renewal planning across commercial risks, obligations, performance commitments, and key milestones • Independently managing and prioritizing assigned purchasing activity in partnership with Procurement Operations, ensuring responsive, accurate, and compliant execution aligned with business priorities • Delivering strategic spend and category analytics across suppliers, departments, and regions, identifying demand trends, commercial risks, savings opportunities, supplier consolidation potential, and areas to increase Spend Under Management • Supporting logistics and supply continuity strategies, coordinating across internal teams and suppliers to mitigate fulfillment risks, improve delivery performance, and resolve critical supply issues • Supporting the evolution of a scalable global procurement operating model, including policies, governance, processes, data, controls, systems, reporting, and ITAM-related capabilities • Providing execution and decision support to procurement leadership across strategic priorities, transformation programs, special projects, and time-sensitive business needs • Evaluating processes, stakeholder experience, controls, and data quality to identify and implement approved improvements that increase efficiency, reduce cost, strengthen governance, and improve service delivery Qualifications • A bachelor’s degree in business, supply chain, finance, operations, or a related field, or equivalent practical experience • Five to ten years of progressive experience in procurement, strategic sourcing, purchasing, vendor management, or a closely related role, ideally supporting a high-volume and fast-moving organization • Strong command of the end-to-end procurement lifecycle, sourcing best practices, contract renewals, and purchasing operations • Demonstrated success negotiating commercial terms and developing clear, decision-ready financial and pricing analyses • Experience partnering with senior stakeholders and executives and influencing outcomes across functions without relying on direct authority • Strong project-management capabilities, including the ability to independently prioritize assigned work, manage competing demands and risks, and drive work to completion • Excellent written and verbal communication, sound judgment, strong problem-solving skills, and exceptional attention to detail Preferred Qualifications • Experience in technology, financial services, quantitative trading, or another technically complex environment • Experience with enterprise resource planning, source-to-pay, contract-management, or procurement platforms such as Oracle, SAP Ariba, GEP, or comparable systems • Experience supporting and communicating with senior and executive level stakeholders • Experience with procurement-system implementation and transformation initiatives Anticipated annual base salary range $125,000 - $145,000, plus eligible for discretionary bonus Benefits Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world. At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative envi