Enterprise Market Data, Strategic Sourcing Manager
Job Location:
Jersey, NJ - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
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.
Enterprise Market Data Strategic Sourcing Manager
Serveas asubjectmatter expertandresponsibleforleading and managing criticalEnterpriseMarketDatasupplier relationshipsnegotiationsandspend.Providessourcing processexpertiseandanalyticsaswellasleadthecollectionand analysisofdata.Influencesanddrivesimprovementsofglobalpoliciesprogramsand processes.
Responsibilities:
ResponsibleforcontractreviewdraftingandcreationofvariousagreementsincludingNDAsMasterAgreementsStatementsofWorketc.andleadingallaspectsofcontract&pricenegotiationsandongoingcontractadministration.
Collectrequirementsfrominternalpartners andleadcompetitivebidding processes (e.g. RFx etc.).
Negotiatecommercial arrangements and contracts with vendors.
Responsibleformonitoringthecontractrenewalprocessandnotifyingappropriatepartners.
Collaborate with internal partners to develop and executestrategyandsolutionstoenhanceexistingservicescreatenewservicesorimproveprocesses.
Analyzeindustry and vendordata/ trends and make recommendations to partners about key insights trade-offs and risks.
Employsmarket/competitorawarenessinrelationshipcommunicationandbusinessdevelopmentopportunities.
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.
UtilizeFITS(FinancialInformationTrackingSystems)databasetotrackallusermarketdataproductsandservices.
WorkwiththeEnterpriseMarketDataFinanceteamtosupportinvoiceprocessingreconciliationand order processingtoensurebilling accuracy.
Experience& SkillsRequired:
ABachelorsdegreeinBusiness Financeand/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.
Five years in the financial services industry.
Familiarity with various market data feed types and applications.
Prior experience with market data vendors such as Thomson Reuters Bloomberg IHS Markit 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 negotiationand business relationship skills.
Excellent oral and written communication skills are requiredincludingstrong presentation and executive communication skills.
Strong computer skills including PowerPoint Word and Excel.OSor MDM experience a plus
Salary Range:
$114500 - 194700 USDSalary 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.
Required Experience:
Manager
About Company
Discover Northern Trust’s trusted financial services for individuals, families, and institutions. Guided by service, expertise, and integrity since 1889, we offer wealth management, asset servicing, and investment solutions tailored to your goals.
