Senior Consultant, Sourcing Category Manager - Business Applications 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, Banking, ProcurementIndustries

Requirements

Bachelor's Degree in Business, Supply Chain Management or Finance and six or more years experience in Sourcing or Procurement related field or an equivalent combination of education and work experience
MBA or other advanced degree and a professional Procurement/Supply Chain Management designation (e.g. CSCP, CPM) are a strong plus
In-depth knowledge of supply chain management and procurement
Demonstrated experience in sourcing for indirect categories (e.g. IT)
Strong analytical, sourcing, negotiation and communication skills
Technically adept with basic application software; proficient in MS Office Suites with advanced Excel skills
Experience with ERP system/Peoplesoft
Demonstrated success in time management; superior project management skills, attention to detail; thorough and organized
In-depth knowledge in area of Technology Software and Banking/Treasury platforms and supply chain management with strong knowledge of other areas

Responsibilities

Responsible for development of sourcing strategy and performing category analytics within the Business Applications Category (Software Technology and Banking Platforms)
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 of various technology agreements, including NDA’s, Master Agreements, Statements of Work, etc. and leading all aspects of contract & price negotiations and ongoing contract administration
Responsible for compliance with procurement processes and procedures
Supports and manages Non-Traditional 3rd party supplier relationships through TPMO due diligence processes, may include expertise and advisor support for commercial pricing negotiations
Supports supplier activity reporting and internal BU supplier deal reviews, 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
Establish and maintain relationship with key partners, education on policy/guidelines and resolving related purchasing issues
Utilize Coupa (ERP) and maintain Contract Management System, 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
Serves as technical expert with in-depth knowledge in area of Technology Software and Banking/Treasury platforms and supply chain management with strong knowledge of other areas

Skills

Key technologies and capabilities for this role

Sourcing StrategyCategory ManagementRFx ManagementContract NegotiationProcurement ProcessesSupplier ManagementSpend AnalysisCoupaContract Management SystemRegulatory ComplianceOFACFCPAProject Management

Questions & Answers

Common questions about this position

What skills are required for the Senior Consultant, Sourcing Category Manager role?

The role requires in-depth knowledge of supply chain management and procurement, demonstrated experience in sourcing for indirect categories like IT, strong analytical, sourcing, negotiation, and communication skills, advanced Excel skills, proficiency in MS Office Suite, and experience with ERP systems like Peoplesoft.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What experience makes a strong candidate for this position?

Strong candidates will have demonstrated success in time management, superior project management skills, attention to detail, and a thorough, organized approach, along with expertise in technology software, banking platforms, and supply chain management.

What tools or systems will I need to use in this role?

The role requires utilization of Coupa (ERP) and maintenance of a Contract Management System, including loading final agreements, plus proficiency in MS Office Suite with advanced Excel and experience with ERP systems like Peoplesoft.