Join a leading fintech company that's democratizing finance for all.
Robinhood was founded on a simple idea: that our financial markets should be
accessible to all. With customers at the heart of our decisions, Robinhood is
lowering barriers and providing greater access to financial information.
Together, we are building products and services that help create a financial
system everyone can participate in.
As we continue to build...
We're seeking curious, growth minded thinkers to help shape our vision,
structures and systems; playing a key-role as we launch into our ambitious
future. If you're invigorated by our mission, values, and drive to change the
world — we'd love to have you apply.
Robinhood has a primary in-office working environment; please be sure you have
reviewed the preferred working location(s) for this role before applying.
About the team + role
The preferred location for this position is in or around Robinhood's offices
in Menlo Park, CA or New York, NY with in-office work capabilities, as may be
required by management, but remote work in limited geographies within the U.S.
may be considered. Check with your recruiter for more information.
The team mission is to provide premier procurement and contracting services
for our business partners across the entire company. Whether it is engaging
with current supply or new suppliers, we strive to harness the best value for
Robinhood through effective supplier engagement and efficient process
optimization.
As the Manager of Sourcing and Contracting who will lead and deliver speed,
commercial value, and risk optimization with vendors. You will co-lead /
maintain our relationships with leaders across Robinhood. You drive
initiatives that promote operational excellence, quality, efficiency, value,
and compliance in strategic sourcing. You will be an integral part of a world-
class, global, strategic sourcing team at Robinhood.
What you'll do
Lead, communicate, and complete the commercial procurement strategy for
about $1 Billion annual spend. Implement and complete sourcing processes
including market research, vendor identification, competitive bidding,
negotiations, selection, and contracting.
Develop / maintain efficient and effective operational discipline in your
area of responsibility. Demonstrate strong personal engagement and service
mentality. Measurably reduce contracting cycle time.
Engage, collaborate, and partner with Business Owners and executives to
maximize value from third-party vendors in terms of procurement savings.
Deliver significant year-on-year procurement savings in line with
strategic targets.
Mentor and guide junior member(s) in the team.
Lead negotiations on complex vendor contracts and deliver quantifiable
business value.
Actively influence Commercial Legal and Risk Leads to drive risk-
intelligent processes and protocols.
Maintain a deep understanding of third-party vendors, products, and market
trends -- particularly in Technology and Digital Marketing. Obtain a clear
understanding of Robinhood's core business objectives and how various
Third-Party vendors are engaged to support these objectives.
Use metrics and data to identify logical groups of business / product /
commodity / category clusters and develop suitable sourcing strategies and
category management plans.
Embrace automation and collaborate effectively with data and analytics
teams. Bring data to the table and embed a data-driven mindset within your
team. Use data to identify and quantify opportunities, then partner with
Robinhood Business Owners to improve return on investment. Identify trends
and themes and provide recommendations to minimize issues in the future.
Partner with the vendor management team to optimize third-party vendor
footprint across Robinhood by driving rationalization of cost and value.
Proactively influence upcoming contract renewals.
What you bring
Strategic sourcing and contracting expert with 3 - 7 years of experience
in Third-Party / Vendor sourcing and contracting, procurement consulting,
procurement program management, or process reengineering in Financial
Services / FinTech.
Advanced degree in Business, Operations, Risk Management, Finance, Supply
Chain, or Engineering, or an equivalent field.
Ability to independently lead a team and deliver effective results in a
dynamic and fast-paced environment.
Familiarity with data visualization and analysis tools such as Looker,
Tableau, Google Data Studio, etc. and a natural comfort level with using
data for decision-making.
Expertise with incorporating risk and performance management into the
sourcing and contracting process.
Excellent organizational, planning, analytical, verbal, and written
communication skills.
Ability to establish workflows, manage multiple projects, develop report-
outs, and meet necessary deadlines.
Ability to work effectively with cross functional teams.
What we offer
Market competitive and pay equity-focused compensation structure
100% paid health insurance for employees with 90% coverage for dependents
Annual lifestyle wallet for personal wellness, learning and development,
and more!
Lifetime maximum benefit for family forming and fertility benefits
Dedicated mental health support for employees and eligible dependents
Generous time away including company holidays, paid time off, sick time,
parental leave, and more!
Lively office environment with catered meals, fully stocked kitchens, and
geo-specific commuter benefits
The expected salary range for this role is based on the location where the
work will be performed and is aligned to one of 3 compensation zones. This
role is also eligible to participate in a Robinhood bonus plan and Robinhood's
equity plan.
US Zone 1: $136000 - $160000
US Zone 2: $120000 - $141000
US Zone 3: $106000 - $125000
Base pay for the successful applicant will depend on a variety of job-related
factors, which may include education, training, experience, location, business
needs, or market demands. You can view comp zones for our US office locations
in the table below. For other locations not listed, compensation can be
discussed with your recruiter during the interview process.
Office locations (by comp zone)
US Zone 1: Menlo Park, NYC, Seattle, Washington DC
US Zone 2: Denver, Westlake (Dallas), Chicago
US Zone 3: Lake Mary
Click here to learn more about Robinhood's Benefits.
Robinhood promotes diversity and provides equal opportunity for all applicants
and employees. We are dedicated to building a company that represents a
variety of backgrounds, perspectives, and skills. We believe that the more
inclusive we are, the better our work (and work environment) will be for
everyone. Additionally, Robinhood provides reasonable accommodations for
candidates on request and respects applicants' privacy rights. To review
Robinhood's Privacy Policy please visit Robinhood - US Applicant Privacy
Policy. If you are an applicant located in the UK or EEA, please visit the
Robinhood - UK/EEA Applicant Privacy Policy.
