At a Glance
- Tasks: Research and procure cutting-edge technology products and services for a leading trading firm.
- Company: Join XTX Markets, a top algorithmic trading firm with a collaborative culture.
- Benefits: Enjoy extensive medical benefits, daily meals, generous holiday allowance, and caregiver support.
- Other info: Dynamic environment with opportunities for growth and collaboration across diverse teams.
- Why this job: Be at the forefront of technology in finance and make impactful decisions.
- Qualifications: 3-6 years in tech procurement or related fields; strong technical and commercial skills required.
The predicted salary is between 56700 - 69300 £ per year.
The Firm
XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 53,000 financial instruments across equities, fixed income, currencies, commodities and crypto.
It uses those forecasts to trade on exchanges and alternative trading venues, and to offer differentiated liquidity directly to clients worldwide.
The firm trades over $250bn a day across 35 countries and has over 300 employees based in London, Singapore, New York, Paris, Bristol, Mumbai, Yerevan and Kajaani.
We leverage the talent of the people who work here, modern computational techniques and state-of-the-art research infrastructure to analyse large data sets across markets quickly and efficiently, to maximize the effectiveness of our proprietary trading algorithms.
We are actively seeking new methods and ideas.
The models that drive our trading strategies have evolved considerably over the last 10 years, from econometric methods that gave our company its name, to trees, to neural networks, to modern deep learning architectures.
XTX Markets has an unrivalled level of computational resources in the trading industry, with a growing research cluster currently containing over 25,000 GPUs with more than 1 exabyte of usable storage.
Teams across the firm include world-class researchers, developers and technologists with backgrounds in pure math, programming, physics, computer science and machine learning.
The firm is also constructing a large-scale data centre in Finland to future-proof its significant computational capabilities.
At XTX Markets technology is our business and we are a diverse organization which attracts outstanding talent from across all industry backgrounds.
We are focused on teamwork and our people collaborate on all aspects of the business, working openly and with respect for each other, our clients and the market.
Our culture is non-hierarchical and one where everyone is valued.
We strive for excellence in everything we do.
The Role
The technology and market data procurement department is responsible for achieving value for the firm in the execution of a budget in the hundreds of millions of pounds annually.
This role supports the research, evaluation, sourcing, procurement, and commercial management of technology products and services across the entire firm.
A key aspect of the role is staying up to date with emerging technologies, market trends and vendor capabilities, providing technology guidance and strategic recommendations to engineering, infrastructure and business development teams to support the firm’s technology decisions.
The portfolio includes IT hardware, enterprise software, cloud services, market data, network and connectivity services, datacentre and colocation services, professional services and emerging technologies.
You will get broad exposure to a wide range of cutting-edge technology deployments.
You will work closely with engineering, infrastructure, and business stakeholders to understand their requirements, evaluate technical and commercial options, negotiate with suppliers, and support implementation.
We are seeking someone who combines sound commercial judgement with the technical aptitude to research unfamiliar technologies, assess vendor proposals and manage initiatives from initial requirements through contract, delivery and lifecycle management.
Responsibilities
- Research, evaluate, negotiate and procure technology products and services across hardware, software, cloud, market data, network and connectivity, datacentre and colocation, professional services and emerging technologies.
- Lead structured sourcing processes, including requirements definition, RFIs, RFPs, vendor due diligence, proposal evaluation, commercial negotiation, contract review, purchase approvals and implementation handover.
- Work with engineering, infrastructure, information security, legal, finance and business teams to define requirements and assess technical options, vendor roadmaps, licensing and commercial models, support arrangements, implementation risks and total cost of ownership.
- Support the procurement and delivery of complex infrastructure projects, including compute, GPU, storage, network, power, cooling, datacentre capacity and exchange connectivity requirements.
- Manage supplier relationships across OEMs, resellers, software and cloud providers, market data vendors, network carriers, datacentre and colocation providers and professional services firms.
- Support the commercial and procurement workstreams of technology implementation projects, including supplier coordination, delivery planning, risk management, acceptance and operational handover.
- Manage hardware and enterprise software asset lifecycles, including renewals, maintenance, support, utilisation, refresh planning and decommissioning.
- Conduct cost reconciliation, spend analysis, budget tracking, vendor reporting and financial data administration.
- Improve procurement processes, documentation, governance and stakeholder workflows.
Essential Attributes
- If you resonate with some or all the following, we encourage you to apply:
- Approximately 3 to 6 years of experience in technology procurement, strategic sourcing, vendor management, solutions architecture, technical project delivery, infrastructure sourcing or a related role.
- Strong technical aptitude and a practical understanding of enterprise technology environments, with the ability to assess requirements, dependencies, implementation considerations and supplier proposals.
- Experience sourcing or delivering complex infrastructure, high-performance compute, GPU, datacentre, colocation, low-latency network or direct-liquid-cooled technology
- Broad knowledge of technology products or services across several categories, such as hardware, software, cloud, data, telecommunications, datacentre services or professional services.
- Ability to quickly develop knowledge of unfamiliar or emerging technologies and engage credibly with specialist engineering and business stakeholders.
- Commercially astute, with experience running structured sourcing and negotiation processes and evaluating commercial models, contractual terms, supplier risk and total cost of ownership.
- Proven project management and organisational skills, with the ability to manage multiple concurrent initiatives and balance technical, commercial, logistical, operational and risk considerations.
- Effective communicator with strong stakeholder and vendor management skills, capable of translating technical concepts for non-technical stakeholders and commercial constraints for technical stakeholders.
- Articulate, analytical and numerate, with strong verbal and written reasoning skills and a bachelor\'s degree in an analytical, technical, engineering, scientific, financial or quantitative discipline, or equivalent practical experience.
- Experience working in financial services, trading, research computing or another technically demanding environment would be advantageous.
- Extensive medical benefits including an on-site doctor and therapist at no charge.
- Breakfast and lunch provided daily.
- Various supports for caregivers, including emergency dependent care.
- 25 days paid holiday per year + statutory holiday and paid sick days.
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Technology Procurement Specialist New London, England, United Kingdom employer: XTX Markets
XTX Markets is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets operational excellence. Employees benefit from extensive medical coverage, a culture that fosters professional growth, and the opportunity to engage in high-impact procurement initiatives within cutting-edge technology sectors. Join us to be part of a collaborative team that values your expertise and supports your career development.
StudySmarter Expert Advice🤫
We think this is how you could land Technology Procurement Specialist New London, England, United Kingdom
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like XTX Markets.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Technology Procurement Specialist New London, England, United Kingdom
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to XTX Markets:Your cover letter should read like you’re chatting directly to XTX Markets. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like XTX Markets.
How to prepare for a job interview at XTX Markets
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at XTX Markets!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at XTX Markets. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into XTX Markets's culture.
