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.

Role Summary:

Develop and deliver a comprehensive category strategy, ensuring alignment with provided materials for consistency. Attain in-depth knowledge of your markets—including sub-categories, regional developments, and trends—as well as the supplier base. Additionally, understand both the current and potential needs of your stakeholders.

• Strategic Supplier Negotiations:

Leverage Suppliers fiscal pressures, market conditions, and contract anniversaries to secure deeper discounts, optimized rate cards, and value-added services. Prioritize high-spend categories and suppliers with consolidation or rebate potential.

• Critical Review of all 2026 Renewals:

Conduct a challenge process for every renewal, focusing on eliminating low value subscriptions or services, renegotiating pricing for under utilized offerings, bundling opportunities for improved commercial value, and driving competitive pressure before renewal deadlines.

• Competitive RFX Pipeline:

Continue to get ahead of renewal opportunities and accelerate competitive bidding to drive market-based pricing.

• Strategic Partnerships:

Focus on long-term relationships with key suppliers which can lead to shared innovation and priority access to materials, which protects against volatile market disruptions and enhanced savings

• Supplier Consolidation to Achieve 3% Reduction: Rationalize the supply base by shifting volume to preferred, high performing suppliers. Consolidation increases leverage, improves service consistency, and reduces administrative overhead, directly contributing to the 3% consolidation target.

• Demand Management:

Prevent unnecessary purchases before they happen. Can eliminate rogue or "maverick" spend, which often accounts for significant value leakage.

• Promptly monitor, verify, and submit accurate savings information to The Bank.

• Actively managing "tail spend “- Focus on Candex or consolidation to top vendors.

• Effective control practices:

Educate and align stakeholders on Strategic Sourcing best practices, policy & process. Align to TPMO program – manage risk effectively.

• DEI:

Work with DEI team to identify opportunities for the inclusion of Diverse suppliers in sourcing events

Category: Business Services Categories Management (Insurance, Training and Transcription, Notary other services categories)

• Category Strategy:

Conduct in-depth analysis of Business services category spend, identify & collaborate with key stakeholders for long term and short-term strategies, develop robust category management strategy including approved channels of purchase

• Demand planning:

Develop a strong demand pipeline based on key business priorities, plan sourcing activities for new requirement, renewals, and maintenance.

• Contract management:

Review and manage up to date record of contracts in Coupa. Review for spend leakage & Contract compliance

• Invoice alignment with Contracts. Establish contracts with key vendors, build influential connects with vendor.

• Category governance:

Develop & implement robust category governance - contracts, spend concentration with key suppliers, Invoice compliance to contract & spend leakage. Leverage alternate procurement channels for low risk spends, explore Coupa catalog for standardized services based on contracted rate card.

• Relationship management:

Conduct reviews, evaluate new trends.

Knowledge:

• In depth knowledge of supply chain management and procurement. Demonstrated experience in sourcing for indirect categories (e.g. IT).

• Strong analytical, sourcing, negotiation and communication skills. Technically adept with basic application software; proficient in MS Office Suites with advanced Excel skills.

• Experience with ERP system/ Peoplesoft. Demonstrated success in time management; superior project management skills, attention to detail; thorough and organized.

Experience:

• 6+ years of experience in Sourcing or Procurement related field or an equivalent combination of education and work experience.

• Graduation or above degree in Business, Supply Chain Management MBA or other advanced degree and a professional Procurement/ Supply Chain Management designation (e.g. CSCP, CPM) are a strong plus.

Internal Eligibility Criteria:

• 24 months as Consultant to move to Senior Consultant

• 12 months as Senior Consultant for lateral movement

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. #Made For Greater

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 MyHRHelp@ntrs.com.

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.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.