About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
The Consultant, Procurement Engagement role is responsible for monitoring and triaging the initial stage of procurement engagement, ensuring accurate and compliant processing of business requests. This includes receiving, assessing, and routing procurement requests, focusing on streamlining processes and promoting compliance with company policies along with improving the end user engagement and experience.
- Receiving and Evaluating Business Requests: receiving procurement requests from various internal stakeholders. These requests need to be reviewed for completeness, accuracy, and adherence to budget limits and company policies.
- Routing and Prioritization: Requests should be evaluated to determine the appropriate buying and payment channel is being used to procure goods and services. The analyst will be responsible for routing to the appropriate stakeholders for review and approval based on their type, urgency, and importance. This might involve triaging requests to ensure that strategic and high-priority items are handled promptly.
- Working with end users: The role requires collaboration with various internal teams and stakeholders to ensure a smooth and efficient process. This role will work collaboratively with our Sourcing, Category Management teams, Third Party Risk and Procurement Operations teams and our Business Unit stakeholders.
- Monitoring Compliance and Accuracy: verifying that requests are compliant with Northern Trusts procurement related policies, guidelines, and other relevant Third Party Risk regulations.
- Process Improvement: driving continued process improvement and standardization, aiming to streamline intake and related procurement activities. Continuing to improve buying channel alignment will be critical as we work to ensure requests are being routed to the approved channels. This role will be responsible for optimizing the most efficient channel for procuring goods and services.
- Data and Request Tracking and Reporting: The consultant will be responsible for tracking and reporting on key metrics related to procurement requests, such as compliance rates and response times. The role will involve proactive management of our Procurement Engagement process ensuring that requests are being addressed according to established Service Level Agreements (SLAs) for processing cycle times.
- Other responsibilities may include: Stay updated with the latest industry trends and best practices in procurement and vendor risk management. Provide training and support to internal stakeholders on procurement processes and systems
Knowledge :
• The ideal candidate will be highly knowledgeable of procurement processes, and various payment channels, vendor risk management standards, and be versatile in using Source to Pay (S2P) systems.
• Strong analytical, sourcing, negotiation and communication skills.
• Technically adept with basic application software; proficient in MS Office Suites with advanced Excel skills.
• Experience with ERP system/ Peoplesoft is a plus.
• Demonstrated success in time management; superior project management skills, attention to detail; thorough and organized.
• Requires expanded conceptual knowledge in own job discipline
• Explains complex information to others in straightforward situations
Experience :
• Bachelor Degree in Business, Supply Chain Management or Finance and three or more years of experience in Sourcing or Procurement related field or an equivalent combination of education and work experience.
• MBA or other advanced degree and a professional Procurement/ Supply Chain Management designation (e.g. CSCP, CPM) are a strong plus.
• Provides informal guidance to new team members
Salary Range:
$70,490 - 119,890 USDSalary 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
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 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.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Bachelor's degree in Business, Supply Chain Management, Finance, or equivalent combination of education and experience
- Three or more years of experience in sourcing or procurement or related field
- Knowledge of procurement processes, payment channels, vendor risk management standards, and Source to Pay (S2P) systems
- Proficient with MS Office suite, advanced Excel skills
- Strong analytical, sourcing, negotiation and communication skills
- Experience with ERP systems / PeopleSoft
- MBA or advanced degree and/or professional procurement/supply chain designation (e.g., CSCP, CPM)
- Authorized to work in the U.S. without need for employment-based visa sponsorship
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — Retirement offerings are positioned as a standout, with a 401(k) plus an additional employer-funded pension described as a differentiator. This combination is repeatedly framed as a meaningful offset within total rewards, especially for long-term financial security.
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Leave & Time Off Breadth — Time-off benefits are depicted as generous, spanning paid time off, holidays, and dedicated paid volunteer time. The breadth of leave options is highlighted as a consistent strength that supports work-life balance.
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Healthcare Strength — Health coverage is characterized as comprehensive, typically including medical, dental, vision, and mental-health support through an assistance program. The offering is portrayed as robust and family-supportive, with multiple plan options in some descriptions.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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