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About the Role
Robinhood is building an elite team to solve major financial problems using frontier technologies. We seek bold thinkers and sharp problem-solvers who are driven to make an impact. This is a high-performing, fast-moving team where ambitious individuals can do their best work. The Procurement and Vendor Management Office (VMO) manages third-party vendor relationships, partnering with Legal, Risk, and Finance to ensure strategic sourcing, negotiation, and management of vendors that support Robinhood's products and operations. This role is crucial for Robinhood's growth, utilizing data-driven strategies and AI to deliver excellent results.
Responsibilities
- Own and execute the sourcing and contracting strategy for an assigned portfolio of vendor categories/cost centers, including market research, vendor identification, competitive bidding, negotiations, selection, and contracting.
- Lead negotiations on complex vendor contracts, delivering quantifiable savings and reduced risk.
- Partner with Business Owners and senior stakeholders to maximize value from vendors and partners in terms of service quality and procurement savings.
- Collaborate with and actively influence Commercial Legal, Tax, Finance, and Risk partners to drive risk-intelligent processes and protocols throughout the sourcing lifecycle.
- Maintain a deep understanding of vendor markets and trends, and build a clear understanding of how third-party vendors and partners support Robinhood's core business objectives.
- Use metrics and data to identify logical category clusters and develop sourcing strategies and category management plans tailored to each.
- Embrace AI-powered automation and use data and analytics to speed up work, quantify opportunities, and track return on investment.
- Help optimize Robinhood's third-party vendor and partner footprint, driving cost rationalization and proactively influencing upcoming contract renewals.
Requirements
- 8+ years of experience in strategic sourcing, vendor and third-party contracting, procurement consulting, procurement program management, or process reengineering, within Financial Services or FinTech.
- Expert-level knowledge of contract negotiation dynamics, particularly within the Cloud Services, Software, and Digital Marketing categories.
- Ability to independently own and deliver complex sourcing initiatives in a dynamic, fast-paced environment.
- Fluency with using AI to speed up work, familiarity with data visualization and analysis tools, and a natural comfort level using data to drive decisions.
- Experience incorporating risk and performance management into the sourcing and contracting process.
- Excellent organizational, analytical, verbal, and written communication skills.
- Proven ability to manage multiple projects, establish workflows, and meet deadlines independently.
- Ability to work effectively across cross-functional teams including Legal, Risk, Finance, and business stakeholders.
Skills
- AI-powered automation
- Data visualization
- Data analysis
- Contract negotiation
- Strategic sourcing
- Vendor management
- Procurement consulting
- Procurement program management
- Process reengineering
- Risk management
- Performance management
Location
- Menlo Park, CA
- New York, NY
- Chicago, IL
Work Type
- Hybrid
Experience Level
- Senior
Salary/Compensations
- $166,000—$195,000 USD (Zone 1)
- $146,000—$172,000 USD (Zone 2)
Benefits
- Challenging, high-impact work
- Performance-driven compensation with multipliers for outsized impact
- Bonus programs
- Equity ownership
- 401(k) matching
- 100% paid health insurance for employees with 90% coverage for dependents
- Access to the Robinhood Employee Fund
- Access to the best AI tools on the market and continuous AI skill-building
- Lifestyle wallet for wellness, learning, and more
- Employer-paid life & disability insurance
- Fertility benefits
- Mental health benefits
- Company holidays
- Paid time off
- Sick time
- Parental leave
- Catered meals
- Events
- Comfortable workspaces
About the Company
- Robinhood's mission is to democratize finance for all.
- We are building an elite team, applying frontier technologies to the world’s biggest financial problems.
- Robinhood isn’t a place for complacency, it’s where ambitious people do the best work of their careers.
- We’re a high-performing, fast-moving team with ethics at the center of everything we do.
Equal Opportunity
- Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws.
- Inclusion is built into how we hire and work—welcoming different backgrounds, perspectives, and experiences so everyone can do their best.