Junior Category Manager - Market Data

Role Summary

The Junior Category Manager supports the Market Data Brokerage vendor category, partnering with business units, sourcing leadership, and vendors to execute sourcing strategies, manage contracts and renewals, and deliver cost, risk, and service outcomes.

Key Responsibilities

• Partner with internal business units to ensure understanding of Enterprise Market Data sourcing processes, governance requirements, and available services
• Maintain regular engagement with stakeholders to support delivery, issue resolution, and service quality
• Translate business requirements into sourcing and commercial actions aligned with policy and market data licensing frameworks
• Support vendor negotiations, renewals, and commercial reviews within the Market Data Brokerage portfolio
• Analyze pricing structures, fee increases, usage models, and contractual terms to inform recommendations
• Aid in the development and execution of category strategies focused on cost control, contractual discipline, and vendor risk management
• Independently manage multiple sourcing and contract activities with financial, vendor, and operational impact
• Coordinate contract lifecycle activities, including amendments, renewals, and new engagements
• Ensure documentation, approvals, and decisions align with enterprise governance and compliance standards
• Represent the category in working groups, governance discussions, and selected senior-level interactions
• Serve as a functional subject matter resource for market data brokerage use cases and vendor commercial models

Knowledge & Competencies

• Strong written and verbal communication skills
• Solid understanding of financial services environments and vendor commercial models
• Working knowledge of sourcing, contract management, and vendor governance processes
• Ability to manage competing priorities in a deadline-driven environment
• High attention to detail with the ability to synthesize complex information into concise recommendations
• Adaptable to evolving regulatory, commercial, and business requirements

Experience & Qualifications

• Bachelor’s degree or equivalent relevant experience required
• 2+ years of experience in financial services, sourcing, procurement, vendor management, or contract management
• Experience supporting or leading vendor negotiations in complex environments
• Familiarity with market data vendors, brokerage-related use cases, or data consumption models preferred
• Demonstrated ability to work effectively with legal, compliance, finance, and business stakeholders

Salary Range

$76,760 - 126,730 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

We are 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.

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.

Our Commitment to Diversity

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.