Procurement Associate
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About this role
Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.
Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.
Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.
At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.
At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.
Responsibilities
- Owning the process of daily procurement operations, by creating purchase orders based on stakeholder requisitions, while ensuring compliance and maximizing value to Tower’s APAC operations
- Negotiating with external suppliers for proposals and quotes, while balancing cost and timely delivery
- Building and maintaining strong internal business partner and stakeholder relationships, developing strategies that rely on external suppliers
- Managing the delivery logistics of external order and internally managed hardware shipments, and proactively monitoring delivery progress and addressing logistics challenges as needed
- Ensuring that all purchased goods are in line with company standards and in compliance with all relevant laws, rules, and regulations
- Working with the finance department and suppliers to process invoices on time and resolve any discrepancies
- Providing support to the APAC Procurement Manager on an as-needed basis for special initiatives, acting in both regional and global capacities
- Supporting ad-hoc regional reports
Qualifications
- 3 to 5 years of relevant procurement experience in an IT or technology environment, or equivalent experience in a similar procurement role supporting infrastructure, hardware, software, or related technology categories
- A bachelor’s degree in procurement and supply chain management or a related field (preferred)
- Good understanding of procurement best practices and the buying process
- Working knowledge of procurement management software, such as Oracle, Ariba, and GEP, etc.
- Excellent verbal and written communication skills
- Demonstrated ability to exhibit judgment and decision making skills
- Outstanding problem solving and time management skills, and attention to detail
- Capable with dealing with ambiguity and independent problem solving
Preferred Qualifications
- Experience working on procurement of IT equipment for a global firm
- Proficiency in spoken and written Mandarin is preferred as the role involves regular communication with suppliers in China and Hong Kong who primarily conduct business in Mandarin.
Benefits
Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.
At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.
Our benefits include:
- Generous paid time off policies
- Savings plans and other financial wellness tools available in each region
- Hybrid working opportunities
- Free breakfast, lunch and snacks daily
- In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
- Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
- Volunteer opportunities and charitable giving
- Social events, happy hours, treats and celebrations throughout the year
- Workshops and continuous learning opportunities
At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.
Tower Research Capital is an equal opportunity employer.
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