Specialist, Sourcing Strategic Sourcing Category Manager - Business Applications

Northern Trust•Tempe, AZ

8d•$108,965 - $185,155

About The Position

Northern Trust is seeking a sourcing professional to develop sourcing strategies and perform category analytics for the Business Applications Category, which includes software technology and banking platforms. The role leads sourcing events and negotiations, reviews and administers technology contracts, supports supplier due diligence and performance activities, and ensures procurement and regulatory compliance. It also works closely with business partners to develop and implement solutions, communicate changes, and provide ongoing support. The position requires in-depth supply chain management and procurement knowledge, demonstrated indirect-category sourcing experience, strong analytical, sourcing, negotiation, communication, and project-management skills, and proficiency with Microsoft Office—particularly advanced Excel. Experience with ERP systems or PeopleSoft is also specified. A bachelor's degree in Business, Supply Chain Management, or Finance and six or more years of relevant experience are required, or an equivalent combination of education and work experience. An MBA or other advanced degree and a procurement or supply-chain designation are strong pluses. The stated base salary range is $108,965–$185,155 USD. Northern Trust offers a comprehensive benefits package. Applicants must be authorized to work in the United States without current or future employment-based visa sponsorship.

Requirements

Bachelor's degree in Business, Supply Chain Management, or Finance, and six or more years of experience in sourcing or a procurement-related field, or an equivalent combination of education and work experience.
In-depth knowledge of supply chain management and procurement.
Demonstrated experience sourcing indirect categories, such as IT.
Strong analytical, sourcing, negotiation, and communication skills.
Technical aptitude with basic application software and proficiency in Microsoft Office, including advanced Excel skills.
Experience with an ERP system or PeopleSoft.
Demonstrated time-management skills, superior project-management skills, attention to detail, and thorough and organized work habits.
Must be authorized to work in the United States without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

MBA or other advanced degree.
Professional Procurement or Supply Chain Management designation, such as CSCP or CPM.

Responsibilities

Develop sourcing strategies and perform category analytics for the Business Applications Category, including software technology and banking platforms.
Lead and manage RFx processes, including project management, RFx development, negotiations, and award decisions.
Review technology agreements, including NDAs, master agreements, and statements of work; lead contract and price negotiations and ongoing contract administration.
Ensure compliance with procurement processes and procedures.
Support and manage non-traditional third-party supplier relationships through TPMO due diligence processes, including commercial pricing negotiation expertise and advice where needed.
Support supplier activity reporting and internal business-unit supplier deal reviews, supplier rationalization, and demand-management opportunities.
Manage regulatory and compliance requirements, including OFAC, FCPA, spend analysis, and client relationships.
Manage reporting of procurement performance metrics.
Build and maintain relationships with key partners; educate them on policies and guidelines and resolve purchasing issues.
Use Coupa (ERP) and maintain the Contract Management System, including uploading final agreements.
Work with business partners to formulate and implement strategies and solutions that enhance existing services, create new services, or improve processes.
Identify the impact of changes and processes; facilitate acceptance of change through training and communication; and provide ongoing support for solutions.
Serve as a technical expert in software technology, banking and treasury platforms, and supply chain management, with strong knowledge of related areas.

Benefits

Retirement benefits, including 401(k) and pension.
Medical, dental, vision, spending accounts, and disability benefits.
Paid time off.
Parental and caregiver leave.
Life and accident insurance.
Other voluntary and well-being benefits.
Discretionary bonus program that may include an equity component.
Flexible and collaborative work culture.
Movement within the organization is encouraged, and senior leaders are accessible.
Inclusive workplace and community assistance and philanthropy opportunities.