Major Duties :
• Develops 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 plan.
• Responsible for development of sourcing strategy and performing category analytics.
• 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.
• Responsible for maintenance of procurement processes and procedures.
• Supports and monitors supplier adherence to contracts, manage suppliers via supplier activity reporting and business/performance reviews, support and conduct supplier scorecards, supplier rationalization and demand management opportunities.
• Manages and 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.
• Management of supplier fitness, including analyzing overall business and financial performance of potential and existing suppliers.
• Establish and maintain relationship with key partners, education on policy/guidelines and resolving related purchasing issues.
• Utilize and maintain 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 :
• Strong 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
• Strong 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 knows how to apply and integrate with others
• Ability to explain moderately difficult or sensitive information; works to build consensus.

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.
• Experience with Labor Contracts, managed services contracts is desired.
• Advanced negotiation skills.
• Proven ability to work with cross functional and diverse teams.
• Prior experience working in a regulated industry or financial services organization is a plus.
• Excellent communication and presentation skills to all levels of management.
• Strong time and project management skills.
• Detail oriented.
• Ability to breakdown complex problems and resolve through independent research and analysis.
• May lead small projects with manageable risks and resource requirements.
• Experience with sourcing and procurement applications (i.e. Coupa, Workday, PeopleSoft, MS Office, advanced Excel skills).

Salary Range:
$95,600 - 162,400 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.