Enterprise Market Data Vendor Manager
About the position 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.
Responsibilities
- Develops operational metrics to track workload and provide transparency to processes.
- Responsible for establishing and maintaining procedures and processes documents to improve the efficiency of the group and actively guide and support team.
- Operates independently; has in-depth knowledge of business unit / function.
- As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
- Carries out activities that are large in scope, cross-functional and technically difficult.
- Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.
- Conducts preliminary analysis.
- Responsible for direct interaction with different committees and/or management.
- Strategic in developing, implementing and administering programs within functional areas.
- Takes a new perspective on existing solutions.
- Exercises judgment based on the analysis of multiple sources of information.
- Impacts a range of customer, operational, project or service activities within own team and other related teams.
- Works within broad guidelines and policies.
Requirements
- Excellent verbal and written communication skills are required along with ability to be highly flexible and adaptable to change.
- Excellent understanding of procurement philosophies and strategies along with in-depth knowledge of supply chain management and procurement.
- Leadership and organizational skills are required to develop objectives and goals.
- Proficiency in MS Office Suites with advanced Excel skills. Experience with ERP systems/PeopleSoft.
- Deep understanding/knowledge of contract terms and conditions and legal impact of different terms.
- Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related job disciplines.
- Applies best practices and how own area integrates with others.
- Explains difficult or sensitive information; works to build consensus.
- Six or more years’ experience in Sourcing or Procurement related field or an equivalent combination of education and work experience.
- Acts as a resource for colleagues with less experience.
- May lead small projects with manageable risks and resource requirements.
Nice-to-haves
- Bachelor’s Degree in Business, Supply Chain Management or Finance is preferred.
- MBA or other advanced degree and a professional Procurement/ Supply Chain Management designation (e.g. CSCP, CPM) are a strong plus.
Benefits
- retirement benefits (401k and pension)
- health and welfare benefits (medical, dental, vision, spending accounts and disability)
- paid time off
- parental and caregiver leave
- life & accident insurance
- other voluntary and well-being benefits
- discretionary bonus program that may include an equity component
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