2021 Summer - Strategic Sourcing & Expense Management Intern

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Nasdaq

Nasdaq

2021 Summer - Strategic Sourcing & Expense Management Intern

New York, NY
Internship
Paid
  • Responsibilities

    Job Description

    The Nasdaq Futures Internship Program provides successful candidates with a unique opportunity to experience a challenging and immersive 10-week internship. As participants in the Nasdaq Futures Internship Program, you will deliver real, impactful work within a business unit. You will work on a defined project and partner with a mentor, network with senior colleagues, and present your project at the end of the program. You will also participate in learning & development opportunities as well as “lunch and learn” sessions with senior leaders.

    This Nasdaq Internship runs for 10 weeks commencing from June to August.

    Objectives of this Role

    Our Team

    The Expense Management and Strategic Sourcing team are responsible for effectively managing Nasdaq’s external spend, while continuously seeking areas of opportunity to create cost efficiencies throughout the firm. In addition, this team’s mission is to offer comprehensive spending transparency through innovative analytics. The team utilizes this data to optimize expenses through the application of traditional and non-traditional cost reduction strategies.

    Project Overview

    Among other sourcing and expense management activities, this intern will assist in performing diligence and analysis on Nasdaq's resellers (third-party suppliers which resell other original equipment manufacturers (OEM) goods and/or services). Nasdaq currently has 15+ resellers, with multi-millions in spend, used across the organization from a global perspective and the team is interested in pursuing fewer, more strategic, relationships, that provide the company with more value from a cost perspective.

    Daily and Monthly Responsibilities

    Your Role

    Your role will primarily be responsible for supporting special projects and expense management activities across all categories of spend within the firm, including, but not limited to, Technology, Market Data, Marketing, Finance, and Legal. Ideal candidates will possess a strong interest in business analysis and strategic thinking.

    • Analyzes external & internal spend data to identify savings opportunities and strategies
    • Coordinates discussions and reviews with various internal and external stakeholders
    • Assists competitive bid evaluations and provides recommendations based on thorough analysis
    • Creates executive summary presentations for senior management review
  • Qualifications

    Skills and Qualifications

    • Is working on completing a degree in Business, or Finance, or Economics, or related fields (preferably graduating in 2022 or 2023)
    • Strong skills in both verbal and written communication
    • Must be adaptable and flexible
    • Must be a team player

    Preferred Qualifications

    • Has strong analytical, problem-solving, and decision-making skills
    • Skills in problem identification, analysis, and resolution
    • Has the ability to perform multiple tasks in a complex operating environment
  • Industry
    Financial Technology
  • Fun Fact
    Nasdaq CEO Adena Friedman started her career as an intern at the company.
  • About Us

    Nasdaq's mission is to fuel the world’s economic growth one investor, one company, one market at a time. Nasdaq connects buyers and sellers, visionaries and experts, dreamers and doers to transform the global economy.