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Cambridge Investment Research, Inc. Associate Director Procurement in Fairfield, Iowa

Cambridge Investment Research Inc., one of the nation’s top independent broker-dealers, is actively looking for a person who has a passion for relationship management, developing policies and procedures, performing due diligence for vendors, and leading negotiations for contracts to join the Legal Department for a full time Associate Director Procurement. The Associate Director works under the direction of Legal leadership.

At Cambridge, our purpose is to make a difference in the lives of our financial professionals, their investing clients, and our associates. Our values of integrity, commitment, flexibility, and kindness continue to guide us in the decisions we make together every day. For 39 years we’ve delivered innovative financial solutions while offering exciting career opportunities with ongoing professional development.

A national leader as a financial solutions firm, Cambridge’s commitment to long-term professional development in a unique small-town community makes this a one-of-a-kind opportunity. Cambridge has been honored 10 times by our associates as a ‘Top Workplace in Iowa’, and 13 times as ‘Broker-dealer of the Year’ by our financial professionals through Investment Advisor magazine. We are recognized among the leading firms in the financial advice industry as we serve over 3,600 independent financial professionals and hundreds of thousands of their investing clients across the country.

Job Summary:

The Associate Director Procurement works under the direction of the Legal & Risk Leadership and serves as the single point of contact for all procurement activities and vendor contract management.

  • Lead Vendor Management including developing policies and procedures and ensure compliance; performing ongoing due diligence for all vendors; supporting assigned vendor relationship development programs and vendor review meetings; and monitoring vendor performance to ensure that contract terms and conditions are being met or exceeded

  • Identify and implement sourcing and vendor management best practices and support objectives across related categories and/or across multiple sourcing projects

  • Assist and/or oversee Request for Information (RFI) / Request for Proposal (RFP) processes for all vendors of services and products

  • Lead negotiations related to contract terms, pricing and implementation

  • Assist in establishing master agreements blanket contracts and support special projects

  • Manage vendors and provide oversight and governance of associated relationships; perform category spend and risk analysis; and design and implement category and supplier risk mitigation strategies

  • Prioritize competing business needs in support of strategic sourcing initiatives and other sourcing projects, as appropriate

  • Identify and implement opportunities for cost reductions and efficiencies

  • Create a database of vendors relevant to company needs with periodic economic data and forward looking indicators

  • Perform dashboard analysis and presentation of price, cost and financial analysis using various reports and data, and prepare narrative synopsis for management

  • Participate in periodic special project initiatives and participate on an as-needed basis to resolve emergent issues

Bachelor’s degree from four-year college or university; or five or more years related experience or equivalent combination of education and experience.

Financial Industry Regulatory Authority (FINRA) Securities Industry Essentials (SIE), Series 7 and Series 24 licenses are required.

Job ID: 2020-1248

External Company Name: Cambridge Investment Research, Inc.

External Company URL:

Telecommute: No