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.
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:
$80,800 - 133,400 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 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 — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
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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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