Enterprise Market Data Vendor 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 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.
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
The Enterprise Market Data Vendor Manager is responsible for supporting Strategic Sourcing and internal business partners throughout the vendor lifecycle. This includes the day to day relationship management of market data suppliers as well as the strategic review of vendor products and services. The Vendor Manager will also be expected to maintain internal cross-functional collaboration to promote continuous improvement and working together across areas to solve issues and meet business goals.
Responsibilities:
• Develops and maintains library of good practice examples of RFPs, service level agreements and vendor monitors to enable internal partners to benefit from corporate knowledge and experience.
• Identify opportunities to consolidate suppliers, drive efficiencies, add value and reduce cost of products and services.
• Collaborate with internal business owners to understand their vendor opportunities and relationships to help drive efficiency and quality, primarily through leading regularly scheduled business reviews and global vendor summaries.
• Researches and evaluates new vendor sources; contacts potential suppliers and establishes relationships with vendors to form them into strategic partners.
• Work with key internal partners to define and describe vendor requirements.
• Develops and maintain strong, effective long term working relationships with key business decision makers internally and externally with assigned vendors to drive best of breed product and services selection.
• Collaborate with business and other partners to manage the escalation and resolution of critical vendor issues, including communication of issue tracking and remediation updates.
Requirements:
• An undergraduate degree in Business, Finance and/or relevant work experience required.
• Five to eight years relevant vendor manager or relationship management experience in the financial services industry.
• Prior experience with market data vendors such as Thomson Reuters, Bloomberg, IHS Markit, ICE Data Services, MSCI, FTSE Russell, etc. a plus.
• Good organizational skills including prioritizing, scheduling, time management and meeting deadlines.
• Strong business partner/relationship management skills, and ability to be seen as a trusted partner, ensuring pro-active engagement of the Enterprise Market Data team by business partners.
• Effective communicator with excellent written and oral communications skills with the ability to articulate complex concepts to executive management.
• Demonstrate exceptional analytical, problem solving and decision making skills.
• Strong project/program management skills.
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.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply 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 [email protected].
We hope you're 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