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    Procurement Operations - Chicago, United States - Northern Trust

    Northern Trust
    Northern Trust Chicago, United States

    Found in: beBee S2 US - 4 weeks ago

    Northern Trust background
    Full time
    Description

    About Northern Trust:

    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.

    ​The Procurement Operations & Analytics Consultant will focus on collaboration across different functional groups within Northern Trust and the Procurement organization in regards to data, systems, and reporting. This role will ensure delivery of reporting, operational excellence and improvement, and executive dashboard creation and maintenance.

    • Collaborate with The Procurement Leadership team and Northern business partners to develop and execute sourcing and procurement strategies and processes.
    • Develop and implement process improvements across 3rd Party Risk, Sourcing, Accounts Payable, Diversity, Market Data, and Operations.
    • Conduct and perform audits of systems, data, and processes as requested
    • Create dashboards and metrics to support category manager strategies
    • Manage, develop, and monitor procurement-related communications in unison with Northern's communication team
    • Act as Liaison and provide project management for assigned projects within Procurement
    • Update and manage internal website content
    • Analyze industry and vendor data/trends and make recommendations to procurement team
    • Assist with forecasting/planning processes
    • Provide thought leadership around improvements of global policies, operations, programs, and processes
    • Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas
    • Carry out complex activities with significant financial, client, and/or internal business impacts.
    • Establishes periodic strategic reviews with executive leadership to promote top-down alignment and best practices with clients.
    • Leads and manages sourcing events as-needed (e.g. Request for Proposal, Request for Information, Request for Quote, Renewals, New Product negotiations) and the sourcing process, including project management, development of RFx, negotiations, and award process.
    • Responsible for contract review, drafting, and creation of various agreements, including NDAs, Master Agreements, Statements of Work, etc., and leading all aspects of contract & price negotiations and ongoing contract administration.
    • Responsible for adherence to procurement processes and procedures.
    • Supports supplier adherence to contracts, manages suppliers via supplier activity reporting and business/performance reviews, supports supplier scorecards, supplier rationalization, and demand management opportunities.
    • Supports regulatory and compliance requirements (e.g. OFAC, FCPA, Spend Analysis, Client Relationships).
    • Manages reporting of Procurement performance metrics and provides ongoing support for internal and external audit requests.
    • Establishes and maintains relationships with key partners, education on policy/guidelines, and resolving related purchasing issues.
    • 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.

    Knowledge:

    • Requires specialized depth and/or breadth of expertise in Strategy Sourcing, Operations, System Management, and Category Management best practices.
    • Interprets internal/external business challenges and recommends best practices to improve products, processes or services.
    • Communicates difficult concepts and negotiates with others to adopt a different point of view.
    • Ability to act as a catalyst for change and improvement.

    Experience:

    • A Master's Degree in Business, Supply Chain Management, or Finance is preferred.
    • Past experience presenting to executive and senior managers.
    • Fifteen or more years' experience in a 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.
    • Excellent verbal and written communication skills are required along with the ability to be highly flexible, strategic, collaborative, and adaptable to change.
    • Excellent understanding of procurement philosophies and strategies along with in-depth knowledge of supply chain management and procurement.
    • Leadership, mentorship, and organizational skills are required to develop objectives and goals.
    • Proficiency in MS Office Suites with advanced Excel skills. Experience with ERP systems/Coupa.
    • The ability to develop complex dashboards using PowerBI or other such applications is preferred.
    Working with Us:

    As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

    Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

    We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies Build your career with us and apply today.

    Reasonable accommodation

    Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at

    We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

    Apply today and talk to us about your flexible working requirements and together we can achieve greater.

    For further information, and to apply, please visit our website via the "Apply" button below.

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