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Procurement Specialist - Software Licensing

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Procurement Specialist - Software Licensing

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DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. 

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. 

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.  

The Procurement Specialist is part of our global purchasing team that is responsible for managing the full procurement lifecycle across a wide variety of assets and software, with a heavy emphasis on technology. In this role you will lead software contract and pricing negotiations, manage inventory of software licensing and keep the firm current on software contract renewals.  You will help manage budgets with business stakeholders and provide executive summaries to business leaders. You will liaise with a variety of internal teams to understand their business needs and work to maximize the value of the software acquired.


  • Lead negotiations for the acquisition of Software Licenses and Services globally
  • Manage the contract lifecycle of new and existing software contracts for internal customers: onboarding new contracts, renewals of existing contracts, terminations, etc.
  • Guide and shape vendor relationships, including evaluating new suppliers with a focus on developing strategic partnerships 
  • Develop competitive sourcing and negotiation strategies and implement best-practices across the firm
  • Drive vendor performance management including establishing and measuring KPIs; conduct regular business reviews
  • Perform detailed review of IT software BOMs (bill of materials) and quotes
  • Collaborate with internal stakeholders to gather requirements and make recommendations
  • Analyze spend to identify patterns and opportunities across software categories to reduce total cost or increase value
  • Facilitate the complete requisition and PO process, including application of our cost allocation methodologies
  • Maintain accurate contract record database containing key data items and functionality
  • Work with our accounting team to ensure a smooth and timely process for executing invoice payments including invoice reconciliation when necessary


  • 3+ years of experience in Software Sales, IT Sourcing, or Procurement
  • Proven track record of negotiating multi-level deals/contracts with software manufacturers and service providers
  • Demonstrates experience developing relationships and influencing high level vendor contacts
  • Thrives in a fast-paced environment with competing priorities
  • Excellent communication skills both verbal and written
  • Intelligence and creative thinking are vital assets
  • Passion for continuous improvement and process evaluation
  • Strong knowledge of Excel, Tableau or other similar BI reporting tools

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