Contingent Labor Category Manager

Northern Trust • Chicago, IL

6d • Remote

About The Position

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Requirements

• 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
• Bachelor’s Degree in Business, Supply Chain Management or Finance (MBA preferred)
• 5+ years of relevant procurement category management experience (emphasis on contingent labor/professional services 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
• 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, Workday, PeopleSoft ERP, MS Office Suite and advanced Excel skills

Nice To Haves

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

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
• 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.

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior