Major Duties :• Develops best-in-class 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. • Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff • 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 :• Excellent 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 • Deep 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 how own area integrates with others • Explains 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. • Acts as a resource for colleagues with less experience • May lead small projects with manageable risks and resource requirements Salary Range: $90,820 - 154,280 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.