Northern Trust

Financial Services

SeniorCategoryManager

$115–195k Chicago, Illinois, United States FULL TIME
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for Senior candidates.

The Brief

“Senior Category Manager at Northern Trust. Skills: Category Management, Strategic Sourcing, Procurement. Develop procurement and category management practices. Manage procurement activities”

Industry & Context.

Financial Services
Problems you'll solve

Interprets business challenges; Recommends best practices

What They're Looking For.

Must Have

Fifteen or more years’ experience in Sourcing or Procurement related field or an equivalent combination of education and work experience, Proficiency in MS Office Suites, Advanced Excel skills

Nice to Have

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), Consulting & professional services category experience

What You'll Do.

Develop procurement and category management practices

Manage procurement activities

Implement sustainable purchasing methods

Delegate tactical and administrative tasks

Establish and communicate category strategy

Provide updates on strategy adherence

Mentor Category Managers

Develop and implement business unit strategy

Communicate corporate strategic plan

Establish strategic reviews with executive leadership

Promote top down alignment

Manage the sourcing process

Lead contract negotiations

Lead price negotiations

Adhere to procurement processes

Adhere to procurement procedures

Support supplier adherence to contracts

Manage suppliers via activity reporting

Manage suppliers via business reviews

Manage suppliers via performance reviews

Support supplier scorecards

Support supplier rationalization

Support demand management

Support regulatory requirements

Support compliance requirements

Manage reporting of Procurement performance metrics

Provide support for audit requests

Establish relationships with key partners

Educate partners on policy

Educate partners on guidelines

Resolve purchasing issues

Utilize Contract Management System

Interact with business and Partners

Enhance existing services

Identify impact of changes

Facilitate acceptance of change

Provide communication

Provide ongoing support for solution

Step into roles to support

How You'll Work.

Team & Collaboration

Cross-functional teams; Executive leadership; Business and Partners

Communication Scope

Verbal communication; Written communication; Negotiation

Process & Methodology

Project management

Full Job Description

**_About Northern Trust:_** Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. **Major Duties :** • 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

Free ATS check

Applying for this Senior Category Manager role?

Most applicants get filtered before a human reads their resume. See if yours makes the cut.

How to Apply on Workday

  • Workday has a multi-step form — save your progress after every section.
  • "Apply With LinkedIn" can fail or lose data; manual entry is more reliable.
  • Watch for the "Submit for Review" final step — hitting "Save" alone does not submit.
  • Job requisition numbers are useful when following up with HR by email.

ANONYMOUS · UNFILTERED

What do employees actually say about Northern Trust?

Real rants from real employees. Read before you apply.

Read Company Rants →