Northern Trust · 12 hours ago
Senior Consultant, Sourcing Category Manager - Business Applications
Chicago, IL
Full-time
Hybrid
Senior Level
$83K/yr - $141K/yr
6+ years expNorthern Trust is a globally recognized financial institution providing innovative financial services. The Senior Consultant, Sourcing Category Manager will be responsible for developing sourcing strategies and managing the RFx process, while ensuring compliance with procurement processes and maintaining supplier relationships.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Responsible for development of sourcing strategy and performing category analytics within the Business Applications Category (Software Technology and Banking Platforms)
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 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
Responsible for compliance with procurement processes and procedures
Supports and manage Non-Traditional 3rd party supplier relationships through TPMO due diligence processes, may include expertise and advisor support for commercial pricing negotiations
Supports supplier activity reporting and internal BU supplier deal reviews, 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
Establish and maintain relationship with key partners, education on policy/guidelines and resolving related purchasing issues
Utilize Coupa (ERP) and maintain Contract Management System, 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
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
Qualification
Required
Bachelors Degree in Business, Supply Chain Management or Finance
six or more years experience in Sourcing or Procurement related field or an equivalent combination of education and work experience
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
Preferred
MBA or other advanced degree
Professional Procurement/ Supply Chain Management designation (e.g. CSCP, CPM)
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
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (141)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2025-12-18
2025-12-11
Company data provided by crunchbase