Specialist, Sourcing Strategic Sourcing Category Manager - Business Applications

Northern Trust•Chicago, IL

1d•$108,965 - $185,155

About The Position

The Strategic Sourcing Category Manager is responsible for developing sourcing strategies and conducting category analytics for the Business Applications category, including software technology and banking platforms. The role leads sourcing events and negotiations, reviews technology agreements, supports supplier governance and regulatory compliance, manages procurement performance reporting, and maintains procurement systems and contract records. The position also partners with business stakeholders to develop and implement strategies and solutions that enhance services and processes, and provides ongoing support, training, and communication around changes. It serves as a technical expert in software technology, banking and treasury platforms, and supply chain management. Northern Trust describes a flexible, collaborative work culture with opportunities for movement within the organization and accessible senior leaders. The company emphasizes an inclusive workplace and community service. 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 at least six years of experience in sourcing or a procurement-related field; an equivalent combination of education and work experience is also accepted.
In-depth knowledge of supply chain management and procurement.
Demonstrated experience sourcing indirect categories, such as IT.
Strong analytical, sourcing, negotiation, and communication skills.
Technically adept with basic application software; proficient in Microsoft Office, with advanced Excel skills.
Experience with an ERP system or PeopleSoft.
Demonstrated time-management ability and superior project-management skills.
Attention to detail; thorough and organized.
Must be authorized to work in the U.S. without requiring current or future employment-based visa sponsorship.

Nice To Haves

MBA or another advanced degree.
Professional procurement or supply chain management designation, such as CSCP or CPM.

Responsibilities

Develop sourcing strategy 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, including commercial pricing negotiation expertise and advisory support as needed.
Support supplier activity reporting and internal business-unit supplier deal reviews, supplier rationalization, and demand management opportunities.
Manage and support regulatory and compliance requirements, including OFAC, FCPA, spend analysis, and client relationships.
Manage reporting of procurement performance metrics.
Establish and maintain relationships with key partners, educate them on policies and guidelines, and resolve purchasing issues.
Use Coupa and maintain the Contract Management System, including loading final agreements.
Work with business stakeholders and partners to formulate and implement strategies and solutions to enhance existing services, create new services, or improve processes.
Identify impacts of changes and processes; facilitate change acceptance through training and communication and provide ongoing solution support.
Serve as a technical expert in software technology, banking and treasury platforms, and supply chain management.