Job Description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Looking for an experienced Senior Procurement individual to provide end-to-end category management, strategic sourcing, and procurement of contingent labor and outsourced/technology services on a global scale under general supervision (but will work independently most of the time). This person will work on a global team, with teammates in the UK, APAC, and the US, supporting a ~$650M category of spend.

Responsibilities

• Contingent labor category management

• Collaborate with technology partners to develop and execute sourcing and procurement strategies

• Analyze industry and vendor data / trends and make recommendations to technology partners about key insights, trade-offs, and risks

• Collect requirements and specifications from technology partners and lead competitive bidding processes (e.g. RFx, eAuctions, etc.)

• Negotiate commercial arrangements, SOWs, and MSAs with vendors

• Present negotiation strategies and opportunities to technology partners and management

• Assist with forecasting / planning processes, demand management, and developing contracts that scale future enterprise needs

• Provide thought-leadership around improvements of global policies, operations, programs and processes

• Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas

• Serve as a key subject matter expert

• Carry out complex activities with significant financial, client, and/or internal business impacts

Preferred Qualifications

• Bachelor’s Degree in Business, Supply Chain Management or Finance (MBA preferred)

• 8+ years of relevant procurement category management experience (emphasis on contingent labor/professional services strongly preferred)

• Previous experience with vendor management system (VMS) Beeline, and working with a Managed Service Provider

• Understanding of procurement best practices

• Experience developing and implementing process improvements

• Experience with Labor Contracts, managed services contracts including large outsourcing contracts is desired, but not required

• Advanced negotiation skills

• Success working with cross functional and diverse teams

• Excellent communication and presentation skills

• Strong time and project management skills

• Detail-oriented

• Ability to breakdown complex problems and resolve them through independent research and analysis

• Past experience presenting to executive and senior leadership

• Experience with sourcing and procurement applications, Coupa, Workday, PeopleSoft ERP, MS Office Suite and advanced Excel skills

Salary Range:

$114,700 - 194,900 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.