Sourcing Manager

As a Sourcing Manager at Robinhood Markets, your main responsibilities will include sourcing new vendors, managing contract renewals, and conducting RFx activities which involve benchmarking, RFQs, RFPs, and vendor selection. You will also collaborate across various departments, develop long-term category strategies focusing on software and professional services, and negotiate contracts in alignment with our business objectives.

To apply for the Sourcing Manager position at Robinhood, candidates should possess a Bachelor’s Degree in Finance, Accounting, Supply Chain, Operations, or a related field. Additionally, at least 6 years of experience in procurement or supply chain management within a fast-paced tech or financial services environment is preferred. Proficiency in technology procurement, especially in areas like AI and cloud platforms, is also essential.

As a Sourcing Manager at Robinhood, you can expect a dynamic and collaborative work environment where teamwork and innovative solutions are valued. While primarily remote, we encourage connections in our office spaces. We have a vibrant office culture that includes catered meals and a supportive atmosphere fostering creativity and growth.

Robinhood offers competitive and equitable compensation for the Sourcing Manager role, including comprehensive health insurance coverage, annual lifestyle wallets for personal wellness and development, mental health support, and generous time-off policies. Additionally, financial benefits such as participation in a bonus plan and equity plan further enhance our compensation package.

Robinhood is committed to the growth of our Sourcing Managers by providing opportunities for learning and development, involvement in exciting projects, and mentorship programs. We prioritize collaboration and knowledge-sharing, ensuring that you will thrive and expand your career within our organization.

When answering this question, share specific examples from your prior roles where you successfully sourced and managed vendors. Discuss the strategies you employed, the results you achieved, and how you measured success in these initiatives.

When addressing this question, talk about your organizational skills and detail your approach to project management. Highlight any tools or methodologies you use to stay on track with deadlines and ensure that all projects remain aligned with company objectives.

In your response, discuss your negotiation style and include any key strategies you've found effective in your past experiences. Emphasize how you balance stakeholder interests, compliance, and budget considerations while ensuring favorable outcomes.

Answer this question by describing your commitment to continuous learning. Mention the resources you utilize, such as industry publications, networking events, or professional groups, and how you apply this knowledge to your role as a Sourcing Manager.

For this question, give a specific instance where you faced challenges with a vendor. Detail how you approached the situation, the steps you took to resolve it, and the lessons learned that improved your vendor management skills.

When asked this, emphasize the importance of data in procurement. Discuss how you've used analytics to guide vendor selection, spending patterns, or contract review processes, showcasing your ability to make data-driven decisions effectively.

In your reply, highlight your interpersonal skills and provide examples of proactive communication, collaboration, and your approach to understanding the needs of different teams, illustrating how this contributes to successful vendor management.

Explain your understanding of compliance requirements relevant to procurement, emphasizing any compliance-related experiences you've had. Include how you ensured alignment with legal standards during vendor selection and contract negotiation processes.

For this question, share the specific procurement tools or technologies you have used in your previous roles. Discuss how these tools improved your efficiency, contributed to better vendor management, and supported decision-making within procurement.

When answering this question, express your alignment with Robinhood's mission to democratize finance and how this resonates with you personally. Discuss how your skills and experiences make you a perfect fit for the role and how you can contribute to Robinhood’s goals.