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.
Job Description
Major Duties :
• Develops best-in-class procurement and category management practices enterprise-wide, including: effective sourcing and overall procurement strategies;
processes and infrastructure to effectively manage procurement activities across all spending categories; sustainable purchasing methods, delegating tactical
and administrative tasks as appropriate. • Works with Category Managers to establish and communicate category strategy and provide updates on adherence
to strategy • Mentors Category Managers on the approach and resources to educate themselves in their industry and expand their knowledge base •
Develops, implements and communicates an overall strategy to meet both the Business Unit's and Corporation's strategic plan • Establishes periodic
strategic reviews with executive leadership to promote top down alignment and best practices with clients • Leads and manages sourcing events (e.g.
Request for Proposal, Request for Information, Request for Quote, Renewals, New Product negotiations) and the sourcing 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.
• Responsible for adherence to procurement processes and procedures. • Supports supplier adherence to contracts, manages suppliers via supplier activity
reporting and business/performance reviews, supports supplier scorecards, supplier rationalization and demand management opportunities. • Supports
regulatory and compliance requirements (e.g. OFAC, FCPA, Spend Analysis, Client Relationships). • Manages reporting of Procurement performance
metrics, and provides ongoing support for internal and external audit requests • Establishes and maintains relationships with key partners, education on
policy/guidelines and resolving related purchasing issues. • Utilizes Contract Management System for systematic organization and classification of
contracts. • 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 :
• Requires specialized depth and/or breadth of expertise in Strategy Sourcing and Category Management best practices • Interprets internal/external
business challenges and recommends best practices to improve products, processes or services
• An experienced Procurement Consultant to provide end-to-end category management, strategic sourcing, and procurement of indirect procurement
categories (consulting & professional services category experience is a plus) on a global scale under general supervision (but will work independently most
of the time). • Communicates difficult concepts and negotiates with others to adopt a different point of view • Ability to act as a catalyst for change and
improvement Experience :
• Master’s Degree in Business, Supply Chain Management or Finance is preferred. • Fifteen or more years’ 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. • Excellent verbal and written communication skills are required along with ability to be
highly flexible, strategic, collaborative and adaptable to change • Excellent understanding of procurement philosophies and strategies along with in-depth
knowledge of supply chain management and procurement • Leadership, mentorship and organizational skills are required to develop objectives and goals •
Proficiency in MS Office Suites with advanced Excel skills. Experience with ERP systems/PeopleSoft
Salary Range:
$114,700 - 194,900 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
- Fifteen or more years of experience in sourcing or procurement, or an equivalent combination of education and work experience
- Specialized expertise in strategic sourcing and category management best practices
- In-depth knowledge of supply chain management and procurement
- Excellent verbal and written communication skills
- Strategic, collaborative, flexible, and adaptable approach to change
- Leadership, mentorship, and organizational skills
- Proficiency in Microsoft Office Suite
- Advanced Excel skills
- Experience with ERP systems and PeopleSoft
- Master's degree in Business, Supply Chain Management, or Finance
- MBA or other advanced degree
- Professional procurement or supply chain management designation, such as CSCP or CPM
- Experience with consulting and professional services procurement categories
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.
-
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.
-
Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
-
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
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.
Gallery
