Senior Category Manager: Strategic Sourcing & Negotiation

Northern Trust

Chicago (IL)

On-site

USD 96,000 - 162,000

Full time

14 days+
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Job summary

Northern Trust is seeking a senior procurement professional to develop enterprise-wide sourcing strategies, lead RFx processes, and negotiate contracts within a regulated financial services environment. This role emphasizes supplier management, contract administration, and cross-functional collaboration to drive cost efficiency and compliance across the organization.

Key requirements include a strong background in procurement, advanced negotiation skills, and experience with ERP systems such as

Qualifications

  • Bachelor’s degree in Business, Supply Chain Management or Finance.
  • Six+ years of sourcing or procurement experience.
  • Advanced negotiation skills and cross-functional collaboration.
  • Experience with labor contracts and managed services contracts is a plus.

Responsibilities

  • Develops procurement practices enterprise-wide and category strategies.
  • Leads RFx process including project management, negotiations and award.
  • Contracts: review, draft, and negotiate NDAs and Master Agreements.
  • Maintain procurement processes and supplier performance reviews.
  • Support regulatory/compliance reporting and supplier risk management.

Skills

Procurement strategy
ERP / PeopleSoft
Excel – advanced
Contract terms & negotiation
Cross-functional collaboration

Education

Bachelor’s in Business / Supply Chain / Finance
MBA or CSCP/CPM certification (strong plus)

Tools

Coupa
Workday
MS Office Suite
MS Excel

Job description

Northern Trust is seeking a senior procurement professional to develop enterprise-wide sourcing strategies, lead RFx processes, and negotiate contracts within a regulated financial services environment. This role emphasizes supplier management, contract administration, and cross-functional collaboration to drive cost efficiency and compliance across the organization.

Key requirements include a strong background in procurement, advanced negotiation skills, and experience with ERP systems such as

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