Junior Category Manager - Market Data

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.

Under general direction from the Enterprise Market Data Team (but works independently most of the time) responsible for managing Enterprise Market Data sourcing engagements and projects.

Supports the sourcing managers on sourcing engagements through bid analysis, negotiations, recommendations and implementation. Conducts enterprise spend analysis on source able spend and makes recommendations to sourcing strategies specific to the Market Data Category.

Reviews the category manager(s) book of business in order review spend to evaluate cost savings opportunities. Helps lead the collection and analysis of data and communicate to the Sourcing Managers.

Duties:

• Partner with Strategic Sourcing Managers and leadership to execute procurement strategies.
• Assist Sourcing Managers in contract review, drafting and creation of various agreements such as NDAs, Master Agreements, Schedules, Statements of Work, etc.
• Aide in contract administrative duties in the contract database (FITS) such as proper contract hierarchy, gathering counter signed agreements and reviewing contracts to ensure proper data quality at all times
• Proactively manages contract renewals and establishes strategic agreements in order to achieve cost savings targets.
• Interacts with Sourcing Managers and internal stakeholders to formulate and implement solutions to create new services, existing services or improve processes.
• Review spend categories to understand the global spend to help drive efficiencies and savings
• Execute special projects in support of broader Enterprise Market Data Sourcing goals. Sets and maintains project schedules, monitors project(s) and adjusts schedules or tasks as needed.
• Utilize FITS (Financial Information Tracking Systems) database to track all contracts, users, market data products and services.
• Work with the Enterprise Market Data Finance, Access Compliance teams to support invoice processing, reconciliation and order processing to ensure billing accuracy.

Experience & Skills Required:

• Bachelor's degree in Business, Finance, Supply Chain or related business school equivalent.
• 6 - 24 months of contracting and procurement experience, financial services industry a plus

• Ability to define problems, analyze data and outline valid conclusions and action steps
• Ability to build collaborative relationships with a variety of constituent groups (internal and external)
• Ability to effectively time-manage self and departments, manage expectations to both senior management and stakeholders. Able to manage several projects, with varying timelines and deadlines.
• Excellent oral and written communication skills are required. Must be willing to develop strong presentation and executive communication skills.
• Strong computer skills including PowerPoint, Word and Excel

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 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 [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.