Associate Specialist,Sourcing Category Manager,Technology Job Joliet area,Illinois USA,Supply Chain/Logistics

Position: Associate Specialist, Sourcing Category Manager, Technology Applications

Overview

As a global leader in wealth management, asset servicing, asset management and banking services, Northern Trust provides services to clients worldwide. We value service, expertise, and integrity and employ partners who collaborate to deliver exceptional client outcomes.

With more than 135 years of financial experience and over 24,000 partners, we serve sophisticated clients using leading technology and service excellence.

Responsibilities

Develop sourcing strategy and perform category analytics.

Lead and manage the RFx process (Request for Proposal, Request for Information, Request for Quote) including project management, RFx development, negotiations, and award.

Review contracts, draft and create various agreements (NDAs, Master Agreements, Statements of Work) and lead all aspects of contract and price negotiations and ongoing administration.

Maintain procurement processes and procedures.

Support and monitor supplier adherence to contracts; manage suppliers via supplier activity reporting, business/performance reviews; conduct supplier scorecards, supplier rationalization, and demand management opportunities.

Manage regulatory and compliance requirements (e.g., OFAC, FCPA, Spend Analysis, Client Relationships).

Report procurement performance metrics.

Manage supplier fitness by analyzing overall business and financial performance of potential and existing suppliers.

Establish and maintain relationships with key partners; educate on policy/guidelines and resolve related purchasing issues.

Utilize and maintain ERP and Contract Management System (ECM); load final agreements.

Collaborate with business partners to formulate and implement strategy and solutions to enhance existing services, create new services, or improve processes; identify impact of changes and facilitate adoption through training and communication; provide ongoing support for the solution.

Serve as a technical expert with in-depth knowledge of procurement and supply chain management, with strong knowledge of related areas.

Qualifications

In-depth knowledge of supply chain management and procurement; experience sourcing indirect categories (e.g., IT).
Strong analytical, sourcing, negotiation, and communication skills.
Proficiency in MS Office, with advanced Excel skills; experience with ERP systems/People Soft.
Demonstrated time management, project management, attention to detail, and organizational skills.
Bachelor's degree in Business, Supply Chain Management or Finance with six or more years of sourcing or procurement experience; an equivalent mix of education and work experience acceptable.
MBA or advanced degree and a professional Procurement/Supply Chain Management designation (e.g., CSCP, CPM) are a plus.

Salary

Salary range: $95,600 - $162,400 USD. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits, paid time off, parental and caregiver leave, life and disability insurance, and other voluntary and well-being benefits. A discretionary bonus program may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without visa sponsorship now or in the future. Northern Trust does not sponsor U.S. work visas for this opportunity.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture with opportunities for internal movement. We value an inclusive workplace and community involvement.

Reasonable Accommodation

Northern Trust is committed to providing adjustments for individuals with health conditions or disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at , or discuss your requirements with the recruiter.

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