Associate Specialist, Enterprise Market Data, Strategic Sourcing Manager

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 worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

• 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.

• Collect requirements from internal partners and lead competitive bidding processes (e.g. RFx etc.).

• Negotiate commercial arrangements and contracts with vendors.

• Responsible for monitoring the contract renewal process and notifying appropriate partners.

• Collaborate with internal partners to develop and execute strategy and solutions to enhance existing services create new services or improve processes.

• Analyze industry and vendor data / trends and make recommendations to partners about key insights trade-offs and risks.

• Employs market/competitor awareness in relationship communication and business development opportunities.

• Assist with forecasting / planning processes demand management and developing contracts that scale future enterprise needs

• Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas.

• Carry out complex activities with significant financial client and/or internal business impacts.

• Utilize FITS (Financial Information Tracking Systems) database to track all user market data products and services.

• Work with the Enterprise Market Data Finance team to support invoice processing reconciliation and order processing to ensure billing accuracy.

Knowledge :

• Excellent verbal and written communication skills are required along with ability to be highly flexible and adaptable to change

• Excellent understanding of procurement philosophies and strategies along with in-depth knowledge of supply chain management and procurement

• Leadership and organizational skills are required to develop objectives and goals

• Proficiency in MS Office Suites with advanced Excel skills. Experience with Coupa/ERP systems/PeopleSoft

• Deep understanding/knowledge of contract terms and conditions and legal impact of different terms

• Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related job disciplines

• Applies best practices and how own area integrates with others

• Explains difficult or sensitive information; works to build consensus

Experience :

• A Bachelors degree in Business Finance and/or relevant work experience in Sourcing or Procurement required.

• Extensive experience with contract negotiation with third parties on financials and legal terms while having the ability to understand interpret and draw conclusions from contractual terms.

• Eight in the financial services industry.

• Familiarity with various market data feed types and applications.

• Prior experience with market data vendors such as LSEG Bloomberg S&P Global ICE Data Services MSCI FTSE Russell etc.

• Strong business partner/relationship management skills and ability to be seen as a trusted partner ensuring pro-active engagement of Enterprise Market Data by business partners.

• Strong project management quantitative analysis negotiation and business relationship skills.

• Excellent oral and written communication skills are required including strong presentation and executive communication skills.

• Strong computer skills including PowerPoint Word and Excel. COUPA FITS or MDM experience a plus

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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 and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .

We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.