Procurement Manager - #1802138

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody, collateral management, and prime services.

Led by Amar Kuchinad, Copper's Global CEO, the firm provides a comprehensive suite of custody, trading and settlement solutions that reduce counterparty risk and bring greater capital and operational efficiency to digital asset markets. At the heart of Copper's offering is Multi-Party Computation (MPC) technology – the gold standard in secure custody. Copper’s multi-award winning custody system is unique in that it can be connected to centralised exchanges, DeFi applications and even staking pools without the assets leaving the custody.

Built on top of this state-of-the-art custody, ClearLoop is the first solution in the market that overcomes a growing industry challenge; counterparty risk with exchanges. This solution underpins a full prime services offering, connecting global exchanges, and enabling customers to trade and settle directly from the safety of their MPC-secured wallets. By reducing settlement time for transfers to a few milliseconds (without blockchain network dependency) and offering enhanced security measures, ClearLoop is rapidly reshaping the way asset managers trade and manage capital.

In addition to industry-leading security certifications, Copper has one of the strongest insurance coverages in the industry from an A+ rated insurer, positioning the firm as the partner of choice for institutions seeking to safeguard their assets.

Department environment

Copper’s finance team provides critical information to the company's leadership to facilitate effective management, strategic decision making and provide insights into key data and metrics driving our businesses growth. Our team has several disciplines including Finance Operations, Accounting, Financial Planning & Analysis, Tax, Revenue Operations and Procurement. Each of these teams plays an important role in supporting the wider business through day-to-day operations (commercial deal support, invoice processing, cash collection, etc.), regular reporting (budget v actuals, forecasting, cash and liquidity management etc.), performance management (KPI, sales metrics and financials) and other specialised activities (tax compliance/structuring, vendor selection etc.). Our team's goal is to be a best in class support function to the global Copper business and help ensure all departments performance against objectives as our business scales.

Key Responsibilities Of The Role

Vendor management

Develop and own “source of truth” vendor listing across all Copper systems, including contract repository for each vendor.

Enforce controls over new vendor onboarding, renewals and offboarding to ensure “source of truth” vendor listing is maintained.

Support the finance team with Purchase Order adoption, ensuring all vendors have a live PO aligning with contractual commitments.

Negotiation

Negotiating new vendor agreements.

Negotiating annual renewals (with a focus on cost reduction and optimisation).

Building relationships with key suppliers to ensure best possible service delivered to Copper.

Ensure entity specific regulatory requirements are addressed by our vendors.

Project management

• Manage annual renewal cycle for ~300 suppliers ensuring all renewal deadlines are met.
• Continuously improve the renewal process to automate and scale.
• Own the end-to-end procurement process, including procurement policy and stakeholder approval flows.
• Business partnering
• Critically evaluate spend across the business to develop a deep understanding of cost drivers.
• Work closely with Heads of business units to identify cost reduction and optimisation opportunities.
• Provide valuable input into regular FP&A forecasting, budgeting and long-range planning exercises.
  

Essential

Your experience, skills and knowledge

• Demonstrable experience of leading a purchasing function with a proven track record in strategic purchasing delivering effective purchasing strategies, policies, processes and systems
• Experience in implementing purchasing strategies and processes to meet business objectives and operational needs in terms of price, quality and delivery targets
• A strategic thinking and understanding of Procurement processes in a fast-growing company
• Minimum of 3-5 years post CIPS qualified experience. Newly qualified with similar experience will be considered.
• Excellent analytical and problem-solving abilities, results oriented with ability to plan and deliver against project deadlines and commercially and financially astute with experience of managing budgets.
• Proven track record communicating directly with Exco members.
  
  

Desirable

• Procurement experience in SaaS / Fin Tech company would be an advantage.
• Experience working in Series C/D company.
  
  

The Benefits Offered

In return for everything you can bring to Copper, we can offer you an exciting, challenging role in a fast-growing and dynamic business, with career opportunities and welcoming working environment.

• Paid Time Off - A minimum of 35 days of paid time off per year, inclusive of annual leave and public holidays. Employees also receive one additional day of annual leave for each year of service.
• Comprehensive Medical Insurance - Inclusive of dental, optical, audiology, and mental health coverage, with medical history disregarded
• Life Insurance
• Enhanced Pension Contributions - Includes an enhanced employer matching contribution
• 24/7 Employee Assistance Programme (EAP)
  
  

If you think you have everything we're looking for and more, then we'd love you to apply for the opportunity.

Copper is an equal opportunity employer. We embrace diversity and equal opportunities in a serious way. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be. So, bring us your experience, perspectives, and skills. It is in our differences that we will continue to grow and ensure Copper is transforming how institutional investors engage with digital assets. Copper is a Disability Confident Employer, please let us know if you have a disability. If you require us to provide any assistance during the recruitment process, then we would ask you to highlight this to us and we will be happy to accommodate.