Northern Trust

Senior Category Manager, Contingent Labor

Northern Trust$114K — $194K *
Business Services
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in Business, Supply Chain Management, or Finance (MBA preferred)
  • 8+ years of relevant procurement category management experience (preferably in contingent labor/professional services)
  • Familiarity with vendor management systems (VMS), specifically Beeline
  • Advanced negotiation skills
  • Experience collaborating with diverse teams across functions and geographies

Responsibilities

  • Manage the contingent labor category from end-to-end
  • Develop and execute sourcing strategies with technology partners
  • Analyze market and vendor data to provide strategic insights
  • Lead competitive bidding processes including RFx and eAuctions
  • Negotiate SOWs and MSAs with vendors
  • Assist in demand management and develop scalable contracts
  • Drive improvements in global policies and vendor performance

Benefits

  • Comprehensive retirement benefits including 401k and pension
  • Health and welfare benefits covering medical, dental, vision, and spending accounts
  • Paid time off and parental/caregiver leave
  • Life and accident insurance options
  • Discretionary bonus program with potential equity component
Full Job Description

Looking for an experienced Senior Procurement individual to provide end-to-end category management, strategic sourcing, and procurement of contingent labor and outsourced/technology services on a global scale under general supervision (but will work independently most of the time). This person will work on a global team, with teammates in the UK, APAC, and the US, supporting a ~$650M category of spend.

Responsibilities

• Contingent labor category management

• Collaborate with technology partners to develop and execute sourcing and procurement strategies

• Analyze industry and vendor data / trends and make recommendations to technology partners about key insights, trade-offs, and risks

• Collect requirements and specifications from technology partners and lead competitive bidding processes (e.g. RFx, eAuctions, etc.)

• Negotiate commercial arrangements, SOWs, and MSAs with vendors

• Present negotiation strategies and opportunities to technology partners and management

• Assist with forecasting / planning processes, demand management, and developing contracts that scale future enterprise needs

• Provide thought-leadership around improvements of global policies, operations, programs and processes

• Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas

• Serve as a key subject matter expert

• Carry out complex activities with significant financial, client, and/or internal business impacts

Preferred Qualifications

• Bachelor’s Degree in Business, Supply Chain Management or Finance (MBA preferred)

• 8+ years of relevant procurement category management experience (emphasis on contingent labor/professional services strongly preferred)

• Previous experience with vendor management system (VMS) Beeline, and working with a Managed Service Provider

• Understanding of procurement best practices

• Experience developing and implementing process improvements

• Experience with Labor Contracts, managed services contracts including large outsourcing contracts is desired, but not required

• Advanced negotiation skills

• Success working with cross functional and diverse teams

• Excellent communication and presentation skills

• Strong time and project management skills

• Detail-oriented

• Ability to breakdown complex problems and resolve them through independent research and analysis

• Past experience presenting to executive and senior leadership

• Experience with sourcing and procurement applications, Coupa, Workday, PeopleSoft ERP, MS Office Suite and advanced Excel skills

Salary Range:

$114,700 - 194,900 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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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