Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead and manage supplier relationships, negotiate contracts, and analyse market data.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Flexible work culture, career growth opportunities, and commitment to community service.
- Other info: Collaborative environment with accessible senior leaders and a focus on inclusivity.
- Why this job: Make an impact in the financial sector while working with innovative technologies.
- Qualifications: Bachelor's degree in Business or Finance and experience in sourcing or procurement.
The predicted salary is between 60000 - 75000 ÂŁ per year.
locations: London, United Kingdom
time type: Full time
posted on: Posted Today
job requisition id: R
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 worldâs 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 worldâs most sophisticated clients using leading technology and exceptional service.
The Enterprise Market Data, Strategic Sourcing Manager will serve as a subject matter expert and be responsible for leading and managing critical Enterprise Market Data supplier relationships, negotiations and spend. Additionally, the selected candidate will provide sourcing process expertise and analytics as well as lead the collection and analysis of data. Influences and drives improvements of global policies, programs and processes.
Additional responsibilities include:
- 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.
- Collect requirements from internal partners and lead competitive bidding processes (e.g. RFx, etc.).
- Negotiate commercial arrangements and contracts with vendors.
- Responsible for monitoring the contract renewal process and notifying appropriate partners.
- Collaborate with internal partners to develop and execute strategy and solutions to enhance existing services, create new services or improve processes.
- Analyze industry and vendor data / trends and make recommendations to partners about key insights, trade-offs, and risks.
- Employs market/competitor awareness in relationship communication and business development opportunities.
- Assist with forecasting / planning processes, demand management, and developing contracts that scale future enterprise needs.
- 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.
- Utilize OS (Optimize Spend/TRG) database to track all user market data products and services.
- Work with the Enterprise Market Data Finance team to support invoice processing, reconciliation and order processing to ensure billing accuracy.
Experience & Skills Required:
- A Bachelor's degree in Business, Finance and/or relevant work experience in Sourcing or Procurement required.
- Extensive experience with contract negotiation with third parties on financials and legal terms while having the ability to understand, interpret and draw conclusions from contractual terms.
- Proven and prior experience in the financial services industry.
- Familiarity with various market data feed types and applications.
- Prior experience with market data vendors such as Thomson Reuters, Bloomberg, IHS Markit, ICE Data Services, etc.
- Experience working with or supporting trading desks, with exposure to trade workflows and endâtoâend trade flows, preferred.
- Strong business partner/relationship management skills, and ability to be seen as a trusted partner, ensuring pro-active engagement of Enterprise Market Data by business partners.
- Strong project management, quantitative analysis, negotiation and business relationship skills.
- Excellent oral and written communication skills are required including strong presentation and executive communication skills.
- Strong computer skills including PowerPoint, Word and Excel. COUPA, OS or MDM experience a plus.
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. Weâd love to learn more about how your interests and experience could be a fit with one of the worldâs 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.
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.
Enterprise Market Data, Strategic Sourcing Manager in London employer: Northern Trust Corp
Contact Detail:
Northern Trust Corp Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Enterprise Market Data, Strategic Sourcing Manager in London
â¨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and donât be shy about asking for introductions. We all know that sometimes itâs not just what you know, but who you know that can help you land that dream job.
â¨Tip Number 2
Prepare for interviews by researching the company and the role inside out. We recommend practising common interview questions and even doing mock interviews with friends or mentors. The more prepared you are, the more confident youâll feel when itâs time to shine!
â¨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the position. We suggest mentioning something specific from the interview to remind them of your conversation and keep you top of mind.
â¨Tip Number 4
Donât forget to apply through our website! Itâs the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us. So, get clicking and letâs make it happen!
We think you need these skills to ace Enterprise Market Data, Strategic Sourcing Manager in London
Some tips for your application đŤĄ
Tailor Your Application: Make sure to customise your CV and cover letter for the Enterprise Market Data, Strategic Sourcing Manager role. Highlight your relevant experience in contract negotiation and supplier management, as this will show us you understand what we're looking for.
Showcase Your Skills: Donât just list your skills; demonstrate them! Use specific examples from your past experiences that relate to the responsibilities mentioned in the job description. This helps us see how you can add value to our team.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured applications that are easy to read. Avoid jargon unless it's relevant to the role, and make sure to proofread for any typos!
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way for us to receive your application and ensures youâre considered for the role. Plus, it shows us you're keen on joining our team!
How to prepare for a job interview at Northern Trust Corp
â¨Know Your Contracts
Make sure you brush up on your contract negotiation skills. Familiarise yourself with common terms and conditions, especially those relevant to financial services. Being able to discuss these confidently will show that youâre prepared and knowledgeable.
â¨Understand Market Data
Dive deep into the types of market data feeds and their applications. Research vendors like Thomson Reuters and Bloomberg, and be ready to discuss how you can leverage these relationships to benefit the company. This will demonstrate your industry awareness and strategic thinking.
â¨Showcase Your Analytical Skills
Prepare to discuss how youâve used data analysis in past roles. Think of specific examples where your insights led to improved processes or cost savings. This will highlight your ability to drive improvements and make informed decisions.
â¨Practice Your Communication
Since strong communication skills are key for this role, practice articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend or using online resources to refine your presentation skills. This will help you convey your ideas effectively during the actual interview.