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.
Junior Category Manager – Market Data Brokerage
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. The role requires sound commercial judgment, strong execution skills, and the ability to operate independently on complex engagements under general direction.
This is an individual contributor role with accountability for defined workstreams and opportunities to represent the category in cross‑functional forums.
Key Responsibilities
Business Partnership
- 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
Vendor & Commercial Management
- 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
- Assist in development and execution of category strategies focused on cost control, contractual discipline, and vendor risk management
Execution & Delivery
- 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
Judgment, Influence & Leadership
- 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
Quality & Decision Support
- Deliver clear, accurate work products that require minimal revision
- Facilitate structured discussions to support decision‑making across business, sourcing, legal, and compliance partners
- Escalate risks, issues, and trade‑offs appropriately, exercising sound judgment
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
Role Characteristics
- Individual contributor role (not a formal people manager)
- High degree of ownership and accountability
- Exposure to senior stakeholders and complex commercial decisions
- Developmental path toward senior category management or strategic sourcing roles
Salary Range:
$76,760 - 126,730 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.
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 [email protected].
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.
Skills Required
- Bachelor's degree or equivalent relevant experience
- 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
- Working knowledge of sourcing, contract management, and vendor governance processes
- Strong written and verbal communication skills
- Demonstrated ability to work effectively with legal, compliance, finance, and business stakeholders
- High attention to detail with ability to synthesize complex information into concise recommendations
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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