Contract Lifecycle Management, Global Procurement Sr Consultant

About the role

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution founded in 1889. Northern Trust is dedicated to providing innovative financial services and guidance to the world’s most successful individuals, families, and institutions through its commitment to service, expertise, and integrity. With over 22,000 partners and more than 130 years of financial experience, Northern Trust serves sophisticated clients using leading technology and exceptional service.

Key Responsibilities

• Manage the end-to-end contract lifecycle processes within the CLM platform, including contract creation, approvals, execution, amendments, renewals, and terminations.
• Ensure adherence to enterprise contract governance standards, templates, approval frameworks, and audit requirements.
• Serve as a primary point of contact for contract-related audit requests, including internal audits, regulatory reviews, and risk assessments.
• Lead contract administration activities including execution tracking, document completeness validation, version control, and lifecycle status management.
• Maintain accuracy and completeness of contract metadata, including terms, renewals, expiration, legal entities, ownership, pricing, and obligations.
• Lead remediation initiatives for legacy and migrated contract records to improve repository integrity and governance maturity.
• Monitor contract compliance with regulatory, risk, and data protection requirements.
• Develop and maintain dashboards and reporting solutions providing visibility into contract cycle times, renewals, obligations, risk indicators, and contract value.
• Leverage Contract Intelligence (AI) and advanced capabilities to enhance contract visibility and metadata enrichment.
• Partner with internal and external partners on enhancements, integrations, and controlled rollout of new capabilities.
• Support change management, training, and user enablement during CLM transformation initiatives.
• Identify process efficiencies and automation opportunities to improve contract throughput and procurement productivity.

Requirements

• Strong knowledge of Contract Lifecycle Management and contract administration.
• Working knowledge of Coupa CLM and Contract Lifecycle Management Advanced (CLMA) or related tools.
• Knowledge of contract governance, compliance controls, and regulatory frameworks.
• Experience with contract metadata governance and data quality management.
• Strong analytical and reporting skills, including dashboard development.
• Effective stakeholder communication and influence skills.
• Ability to drive to execution.
• Applies knowledge of key business drivers and the factors that maximize department performance.
• 4–7 years of experience in Contract Lifecycle Management, Procurement Operations, or Source-to-Pay environments.
• Hands-on experience with CLM platforms (Coupa CLMA or equivalent preferred).
• Experience supporting contract governance, compliance monitoring, and audit activities.
• PREFERRED: Exposure to AI-enabled contract analytics or advanced CLM capabilities.

Qualifications

• Bachelor’s degree required (Business, Supply Chain, Finance, Legal Studies, Information Systems, or related field preferred).

Skills

• Strong knowledge of Contract Lifecycle Management and contract administration.
• Working knowledge of Coupa CLM and Contract Lifecycle Management Advanced (CLMA) or related tools.
• Knowledge of contract governance, compliance controls, and regulatory frameworks.
• Experience with contract metadata governance and data quality management.
• Strong analytical and reporting skills, including dashboard development.
• Effective stakeholder communication and influence skills.
• Ability to drive to execution.
• Applies knowledge of key business drivers and the factors that maximize department performance.

Benefits

Northern Trust offers 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. Additionally, there is a discretionary bonus program that may include an equity component.

Pay

$90,820 - 154,280 USD

Schedule

Full-time

Benefits

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.