Northern Trust
Financial Services
SeniorCategoryManager
Neural analysis suggests this role is
optimal for Senior candidates.
“Senior Category Manager at Northern Trust. Skills: Category Management, Strategic Sourcing, Procurement. Develop procurement and category management practices. Manage procurement activities”
Industry & Context.
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
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