Northern Trust · 5 hours ago
Senior Category Manager - Professional Services
Chicago, IL
Full-time
Onsite
Senior Level, Lead/Staff
$115K/yr - $195K/yr
15+ years expNorthern Trust is a Fortune 500 company that provides innovative financial services and guidance. The Senior Category Manager will develop and implement procurement strategies, mentor Category Managers, and manage sourcing events while ensuring adherence to procurement processes and compliance requirements.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Develops best-in-class procurement and category management practices enterprise-wide, including: effective sourcing and overall procurement strategies; processes and infrastructure to effectively manage procurement activities across all spending categories; sustainable purchasing methods, delegating tactical and administrative tasks as appropriate
Works with Category Managers to establish and communicate category strategy and provide updates on adherence to strategy
Mentors Category Managers on the approach and resources to educate themselves in their industry and expand their knowledge base
Develops, implements and communicates an overall strategy to meet both the Business Unit's and Corporation's strategic plan
Establishes periodic strategic reviews with executive leadership to promote top down alignment and best practices with clients
Leads and manages sourcing events (e.g. Request for Proposal, Request for Information, Request for Quote, Renewals, New Product negotiations) and the sourcing 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 adherence to procurement processes and procedures
Supports supplier adherence to contracts, manages suppliers via supplier activity reporting and business/performance reviews, supports supplier scorecards, supplier rationalization and demand management opportunities
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
Establishes and maintains relationships with key partners, education on policy/guidelines and resolving related purchasing issues
Utilizes Contract Management System for systematic organization and classification of contracts
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
Qualification
Required
Fifteen or more years' experience in Sourcing or Procurement related field or an equivalent combination of education and work experience
Excellent verbal and written communication skills
Ability to be highly flexible, strategic, collaborative and adaptable to change
Excellent understanding of procurement philosophies and strategies
In-depth knowledge of supply chain management and procurement
Leadership, mentorship and organizational skills to develop objectives and goals
Proficiency in MS Office Suites with advanced Excel skills
Experience with ERP systems/PeopleSoft
Requires specialized depth and/or breadth of expertise in Strategy Sourcing and Category Management best practices
Interprets internal/external business challenges and recommends best practices to improve products, processes or services
An experienced Procurement Consultant to provide end-to-end category management, strategic sourcing, and procurement of indirect procurement categories (consulting & professional services category experience is a plus) on a global scale under general supervision
Communicates difficult concepts and negotiates with others to adopt a different point of view
Ability to act as a catalyst for change and improvement
Preferred
Master's Degree in Business, Supply Chain Management or Finance
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 (180)
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
2026-01-23
2026-01-22
Company data provided by crunchbase