Strategic Sourcing Lead — IT & Banking Platforms

Northern Trust Corp; Chicago (IL); On-site; USD 109,000 - 185,000; Full time

Benefits offered by this job

401k

Pension

Health benefits

Paid time off

Parental leave

Life insurance

Bonus program

Job summary

Northern Trust in Chicago is seeking a senior procurement professional to lead sourcing strategies within the Business Applications category (Software & Banking platforms). You will manage RFx processes, negotiate terms, and ensure contract compliance across NDA, Master Agreements and Statements of Work.

The role focuses on supplier governance, due diligence, spend analysis, and reporting. You will collaborate with business partners, utilize Coupa ERP and Contract Management System, and drive

Qualifications

• Experience in sourcing for indirect categories (IT)
• Strong analytical, sourcing, negotiation and communication skills
• Proficient in MS Office with advanced Excel
• Experience with ERP systems/PeopleSoft
• Excellent time management and project management skills

Responsibilities

• Develop sourcing strategy and perform category analytics within Business Applications (Software Technology and Banking Platforms).
• Lead and manage RFx processes, including project management, RFx development, negotiations and award.
• Review contracts for technology agreements (NDA, Master Agreements, SOW) and lead price negotiations and ongoing administration.
• Ensure compliance with procurement processes and procedures.
• Support non-traditional 3rd party supplier relationships through TPMO due diligence and pricing support.
• Assist supplier activity reporting, BU supplier deal reviews, supplier rationalization and demand management.
• Manage regulatory and compliance requirements (e.g., OFAC, FCPA, Spend Analysis, Client Relationships).
• Report Procurement performance metrics and maintain relationships with key partners.
• Provide training and communication to stakeholders; leverage Coupa and Contract Management System.

Skills

Analytical skills

Sourcing

Negotiation

Communication

IT procurement

Excel (advanced)

MS Office

ERP/PeopleSoft

Education

Bachelor's degree in Business, Supply Chain Management or Finance

Tools

Coupa

Contract Management System

PeopleSoft

Job description

Northern Trust in Chicago is seeking a senior procurement professional to lead sourcing strategies within the Business Applications category (Software & Banking platforms). You will manage RFx processes, negotiate terms, and ensure contract compliance across NDA, Master Agreements and Statements of Work.

The role focuses on supplier governance, due diligence, spend analysis, and reporting. You will collaborate with business partners, utilize Coupa ERP and Contract Management System, and drive