Senior Consultant | Procurement | Global Corporate Business Travel at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Thorough knowledge of business travel management (account management and travel operations) to enable effective contract and supplier management, handling of customer service inquiries, problem solving, and advancement of global programs
Technically proficient in corporate travel sourcing, negotiations, and related processes
Ability to solve complex problems and take a new perspective on existing solutions
Exercises judgment based on the analysis of multiple sources of information
Works within broad guidelines and policies
Experience executing complex activities with significant financial and/or internal business impact
Ability to serve as a subject matter expert and mentor to junior employees
Potential to manage daily operational activities and supervise day-to-day work of junior employees (non-formal management role)

Responsibilities

Deliver excellence in sourcing with travel-related vendors, including sourcing process expertise, input in developing category sourcing strategies and analytics, leading issuance of RFx (Request for Information, Request for Proposal/Quote), collection and analysis of data, pricing discussions, and negotiations
Responsible for contract review, drafting, and creation of required legal documents (e.g., NDA, Master Agreement, inclusion of critical Exhibits when using supplier paper), ensuring mitigation of risk, timely submission into TCM, and subsequent management of supplier adherence to contract terms
Manage and support regulatory and compliance requirements while driving effective vendor relationship management for all travel vendors in accordance with the Northern Trust Supplier Relationship Management program and Vendor Management Practice Standards, including relationships with preferred global commercial card provider, global travel agency, and regional travel vendors
Ensure preferred vendors deliver consistently high service levels, promptly handle customer service inquiries, and assist manager in monitoring SLA, annual global Business Plan, projects, and deliverables
Support policy development, consistent administration, and governance of the Corporate Travel Policy and Corporate Card Policy, and their integration with the Corporate Expense Policy
Support consistent administration and governance of the Corporate Purchasing Card and Corporate Meeting Card guidelines and procedures, and their integration with the Corporate Expense Policy
Co-manage calculation and reporting of Travel category annual savings per project in designated savings tool
Effectively engage with internal clients at all levels to foster deeper relationships, deliver high quality work, and provide timely customer service
Provide CFOs, business leaders, and senior executives with high quality data, analytics, and reports (e.g., global travel and card metrics, KPIs) to enable sound decision making, identify trends, evaluate potential savings, and monitor compliance
Develop and deliver presentations to senior management, and facilitate discussions to ensure comprehensive understanding and decisions with global impact

Skills

Key technologies and capabilities for this role

ProcurementSourcingRFxContract DraftingNegotiationVendor ManagementComplianceRisk ManagementData AnalysisAnalyticsSLA ManagementRegulatory Compliance

Questions & Answers

Common questions about this position

What are the main responsibilities of this Senior Consultant role?

The role involves delivering excellence in sourcing with travel vendors, managing contract review and creation, handling regulatory compliance and vendor relationships, supporting policy development for corporate travel and cards, and providing data analytics and reports to senior executives.

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What salary or compensation does this role offer?

This information is not specified in the job description.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with over 130 years of experience serving sophisticated clients using leading technology and exceptional service alongside more than 22,000 partners.

What skills or experience make a strong candidate for this position?

Strong candidates will have expertise in sourcing strategies, RFx processes, contract drafting and negotiation, vendor relationship management, data analytics for travel metrics, and the ability to engage effectively with senior executives.