Strategic IT Sourcing

About Northern Trust

Northern Trust (Nasdaq: NTRS) is a global leader in innovative wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company is guided by three principles: Service, Expertise, and Integrity. These principles are reflected in the company's commitment to its employees, whom it calls partners, and to the clients and communities it serves worldwide.

Major Duties

• Develops best-in-class procurement practices enterprise-wide, including effective category sourcing and overall procurement strategies; processes and infrastructure to effectively manage procurement activities across all spending categories; sustainable purchasing methods; and, programs to ensure a diverse supplier base including minority, small, women, and disadvantaged businesses.
• Develops, implements, and communicates an overall strategy to meet both the Business Unit's and Corporation's strategic plans.
• Conducts performance management and career development processes, provides input for staffing and disciplinary actions, and provides hands-on training to staff.
• Leads and manages RFx (e.g., Request for Proposal, Request for Information, Request for Quote) process, including project management, development of RFx, negotiations, and award process.
• Responsible for contract review, drafting, and creation of various agreements, including NDAs, Master Agreements, Statements of Work, etc., and leading all aspects of contract & price negotiations and ongoing contract administration.
• Maintains procurement processes and procedures, supports and monitors supplier adherence to contracts, manages suppliers via supplier activity reporting and business/performance reviews, supports and conducts supplier scorecards, supplier rationalization, and demand management opportunities.
• Manages and supports regulatory and compliance requirements (e.g., OFAC, FCPA, Spend Analysis, Client Relationships).
• Supports reporting of Procurement performance metrics, and provides ongoing support for internal and external audit requests.
• Manages relationship with key partners, educates on policy/guidelines, and resolves related purchasing issues.
• Utilizes and maintains ERP and Contract Management System (ECM, including loading of final agreements).
• Interacts with business and Partners to formulate and implement strategy and solutions to enhance existing services, create new services, or improve processes.
• Identifies impact of changes and processes; facilitates acceptance of change through training and communication.
• Provides ongoing support for the solution.

Knowledge

• Excellent verbal and written communication skills are required along with ability to be highly flexible and adaptable to change.
• Excellent understanding of procurement philosophies and strategies along with in-depth knowledge of supply chain management and procurement.
• Leadership and organizational skills are required to develop objectives and goals.
• Proficiency in MS Office Suites with advanced Excel skills.
• Experience with ERP systems/PeopleSoft.
• Deep understanding/knowledge of contract terms and conditions and legal impact of different terms.
• Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related job disciplines.
• Applies best practices and how own area integrates with others.
• Explains difficult or sensitive information; works to build consensus.
• Experience in Sourcing or Procurement related field or an equivalent combination of education and work experience.

Experience

• Bachelor’s Degree in Business, Supply Chain Management, or Finance is preferred.
• MBA or other advanced degree and a professional Procurement/Supply Chain Management designation (e.g., CSCP, CPM) are a strong plus.
• Six or more years’ experience in Sourcing or Procurement related field or an equivalent combination of education and work experience.

Salary Range

$90,820 - 154,280 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, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.