Northern Trust - Buyer - Market Data - Enterprise Market Data Team

Under general direction from Enterprise Market Data Team, responsible for managing supplier relationships and conducting sourcing initiatives. Ensures suppliers are in compliance with contractual obligations. Manages sourcing engagements through bid analysis, negotiations, recommendations and implementation. Conducts enterprise spend analysis on source-able spend and makes recommendations to sourcing strategies specific to the Market Data Category.

Duties:

- Responds to inquiries from vendors/partners; updates internal documentation for vendor history; resolves and escalates issues as needed

- Secures and analyzes quotations, negotiates prices and terms with suppliers, completes contract negotiations, recommends suppliers with respect to cost, quality, and delivery competitiveness for assigned responsibilities

- Supports Strategic Sourcing teams as part of the global Procurement Process. Makes recommendations to strategic sourcing initiatives, influencing resource dedication and savings commitments

- Identifies and recommends guidelines, policies and controls to manage spend effectively

- Execute special projects in support of broader Enterprise Market Data Sourcing goals. Sets and maintains project schedules, monitors project(s) and adjusts schedules or tasks as needed

- Resolves complex transactions, where expertise is required to interpret policies, guidelines and/or processes

- Works on projects and develops project leadership skills

- Responsible for routine operational / administrative work

Experience & Skills should include:

- Bachelor's degree in Business, Supply Chain or related business school equivalent

- Three to five years of experience in the financial services industry

- Knowledge of financial exchanges, market data vendors, products and services

- In-depth knowledge of Supply chain management

- Contracting and procurement expertise is required

- Technical skills / systems knowledge (e.g. MS Office skills, PeopleSoft)

- Prior experience in market data inventory management systems (FITS, MDM, etc.) a plus

- Excellent organizational skills and strong attention to detail

- Excellent negotiation, interpersonal, written, and verbal communication skills

- Ability to manage demanding deadlines and partner expectations