Northern Trust

Specialist, Sourcing Category Manager - Business Applications

Northern Trust$114K — $194K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business, Supply Chain Management, or Finance; MBA or advanced degree is a plus.
  • 6+ years of experience in Sourcing or Procurement, with a focus on indirect categories like IT.
  • Strong analytical skills with proven experience in category analytics and sourcing strategy development.
  • Expertise in negotiation processes, including RFx management and contract administration.
  • Proficiency in ERP systems (e.g., Peoplesoft) and advanced MS Excel skills.

Responsibilities

  • Develop sourcing strategy and category analytics for Business Applications.
  • Lead the RFx process, encompassing project management and negotiations.
  • Review and negotiate various technology agreements, including NDAs and Master Agreements.
  • Ensure compliance with procurement processes and regulations.
  • Manage relationships with Non-Traditional 3rd party suppliers and support pricing negotiations.
  • Support supplier activity reporting and demand management opportunities.
  • Maintain and utilize Coupa ERP and manage contract documentation.

Benefits

  • Comprehensive health benefits including medical, dental, and vision coverage.
  • 401k and pension retirement benefits.
  • Paid time off and parental leave options.
  • Life and accident insurance, along with spending accounts for well-being.
  • Discretionary bonus program with potential equity component.
Full Job Description

Major Duties : 

1. Responsible for development of sourcing strategy and performing category analytics within the Business Applications Category (Software Technology and Banking Platforms).


2. 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.

3. Responsible for contract review of various technology agreements, including NDA’s, Master Agreements, Statements of Work, etc. and leading all aspects of contract & price negotiations and ongoing contract administration.

4. Responsible for compliance with procurement processes and procedures.

5. Supports and manage Non-Traditional 3rd party supplier relationships through TPMO due diligence processes, may include expertise and advisor support for commercial pricing negotiations.

5. Supports supplier activity reporting and internal BU supplier deal reviews, supplier rationalization and demand management opportunities.

6. Manages and supports regulatory and compliance requirements (e.g. OFAC, FCPA, Spend Analysis, Client Relationships).

7. Manages reporting of Procurement performance metrics.

8. Establish and maintain relationship with key partners, education on policy/guidelines and resolving related purchasing issues.

9. Utilize Coupa (ERP) and maintain Contract Management System, including loading of final agreements.

11. 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.

12. Serves as technical expert with in-depth knowledge in area of Technology Software and Banking/Treasury platforms and supply chain management with strong knowledge of other areas

Knowledge :In depth knowledge of supply chain management and procurement. Demonstrated experience in sourcing for indirect categories (e.g. IT). Strong analytical, sourcing, negotiation and communication skills. Technically adept with basic application software; proficient in MS Office Suites with advanced Excel skills. Experience with ERP system/ Peoplesoft. Demonstrated success in time management; superior project management skills, attention to detail; thorough and organized.

Experience :Bachelors Degree in Business, Supply Chain Management or Finance and six 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.

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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