Contingent Labor Category 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.

Major Duties :

Contingent labor category management

Collaborate with technology partners to develop and execute sourcing and procurement strategies

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

Develops best-in-class procurement practices enterprise-wide including: effective category sourcing and overall procurement strategies; processes and infrastructure to effectively manage procurement activities across all spending categories; sustainable purchasing methods; and programs to ensure a diverse supplier base including minority small women and disadvantaged businesses .
Develops implements and communicates an overall strategy to meet both the Business Units and Corporations strategic plan.
Conducts performance management and career development processes provides input for staffing and disciplinary actions and provides hands-on training to staff
Responsible for development of sourcing strategy and performing category analytics.
Leads and manages RFx (e.g. Request for Proposal Request for Information Request for Quote) 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 maintenance of procurement processes and procedures.
Supports and monitors supplier adherence to contracts manage suppliers via supplier activity reporting and business/performance reviews support and conduct supplier scorecards supplier rationalization and demand management opportunities.
Manages and supports regulatory and compliance requirements (e.g. OFAC FCPA Spend Analysis Client Relationships).
Manages reporting of Procurement performance metrics and provides ongoing support for internal and external audit requests.
Management of supplier fitness including analyzing overall business and financial performance of potential and existing suppliers.
Establish and maintain relationship with key partners education on policy/guidelines and resolving related purchasing issues.
Utilize and maintain ERP and Contract Management System (ECM including loading of final agreements.
Interacts with business and Partners to formulate and implement strategy and solutions to enhance existing services create new services or improve processes. Identifies impact of changes and processes; facilitates acceptance of change through training and communication. Provides ongoing support for the solution.

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 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:

Bachelors Degree in Business Supply Chain Management or Finance (MBA preferred)

5 years of relevant procurement category management experience (emphasis on contingent labor/professional services preferred)

Previous experience with vendor management system (VMS) Beeline and working with a Managed Service Provider

Understanding of procurement best practices

Experience developing and implementing process improvements

Experience with Labor Contracts managed services contracts including large outsourcing contracts is desired but not required

Advanced negotiation skills

Success working with cross functional and diverse teams

Excellent communication and presentation skills

Strong time and project management skills

Detail-oriented

Ability to breakdown complex problems and resolve them through independent research and analysis

Past experience presenting to executive and senior leadership

Experience with sourcing and procurement applications Workday PeopleSoft ERP MS Office Suite and advanced Excel skills

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.