Opportunity at
RobinhoodSenior Sourcing Manager
Robinhood is a financial technology company dedicated to democratizing finance for a broad audience. Operating within the Procurement and Vendor Management Office, the organization manages third-party…
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About This Role
Robinhood is a financial technology company dedicated to democratizing finance for a broad audience. Operating within the Procurement and Vendor Management Office, the organization manages third-party vendor relationships, handles complex commercial agreements, and collaborates closely with legal, risk, and finance teams to support company operations. The company seeks a Senior Sourcing Manager to oversee end-to-end sourcing and contracting for designated vendor portfolios based out of the Chicago office. This position…
Job Description
Robinhood is a financial technology company dedicated to democratizing finance for a broad audience. Operating within the Procurement and Vendor Management Office, the organization manages third-party vendor relationships, handles complex commercial agreements, and collaborates closely with legal, risk, and finance teams to support company operations.
The company seeks a Senior Sourcing Manager to oversee end-to-end sourcing and contracting for designated vendor portfolios based out of the Chicago office. This position is suited for professionals experienced in strategic sourcing who can execute market research, drive competitive bidding, lead contract negotiations, and use data-driven methods alongside AI tools to achieve cost efficiency and risk mitigation. The role requires working from the physical office at least three days per week.
Employees are offered performance-driven compensation that includes bonus programs, equity ownership, 401(k) matching, comprehensive health coverage, a lifestyle wallet, and additional wellness and family benefits.
Responsibilities
- Manage the complete sourcing and contracting life cycle for assigned vendor categories and cost centers.
- Conduct market research, lead competitive bidding processes, and execute vendor negotiations to secure financial savings and minimize risk.
- Partner with internal business leaders and department heads to optimize third-party vendor performance and service quality.
- Collaborate with commercial legal, tax, finance, and risk departments to align procurement workflows with organizational protocols.
- Utilize data, metrics, and artificial intelligence tools to accelerate workflows and build category management strategies.
- Evaluate vendor markets and trends to support cost rationalization and manage upcoming contract renewals.
Requirements
- Minimum of eight years of professional experience in strategic sourcing, third-party vendor contracting, procurement consulting, procurement program management, or process reengineering within the financial services or fintech sector.
- Demonstrated expertise in contract negotiation dynamics specifically within cloud services, software, and digital marketing categories.
- Familiarity with data visualization and analysis tools alongside practical experience incorporating risk and performance management into contracting processes.
- Ability to work on-site at the Chicago office at least three days per week.
Core Skills
Benefits
- Performance-driven compensation featuring bonus programs, equity ownership, and 401(k) matching.
- Fully paid health insurance for employees with ninety percent coverage for dependents.
- Access to the Robinhood Employee Fund for eligible US employees to invest in private venture funds.
- Provision of market AI tools and continuous skills training for all workers.
- Lifestyle wallet for wellness, learning, and flexible spending needs.
- Employer-paid life and disability insurance, fertility assistance, and mental health support.
- Paid time off including company holidays, sick leave, and parental leave.
- On-site office amenities such as catered meals and organized events.
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What is the employment type for this role?
The position is a full-time employment opportunity.
Is this a remote position?
No, the role is on-site at the Chicago office, with in-person attendance expected for at least three days per week.
What is the salary range for the Chicago location?
For Chicago, IL, which falls under compensation zone two, the expected base pay range is $146,000 to $172,000 USD, supplemented by bonus opportunities, equity, and benefits.
What level of experience is required?
Candidates must have at least eight years of experience in strategic sourcing, vendor contracting, procurement consulting, program management, or process reengineering within financial services or fintech.
Sample Interview Questions
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