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: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and collaboration across teams.
- Why this job: Make an impact in the financial sector while working with top-tier technology and innovative solutions.
- Qualifications: Bachelor's degree in Business or Finance and experience in sourcing or procurement.
The predicted salary is between 60000 - 80000 £ per year.
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.
Enterprise Market Data, Strategic Sourcing Manager
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.
Responsibilities
- 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.
- Employ 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 end‑to‑end 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.
Reasonable accommodation
North. 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 .
Enterprise Market Data, Strategic Sourcing Manager employer: PVH (Tommy Hilfiger/Calvin Klein)
Intapp is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the accounting and consulting sectors across EMEA. With a strong commitment to employee growth, Intapp provides ample opportunities for professional development and leadership coaching, ensuring that team members thrive in their careers while contributing to the company's strategic vision. The culture is built on accountability and high performance, making it an ideal place for those looking to make a significant impact in a rapidly evolving industry.
Contact Details:
PVH (Tommy Hilfiger/Calvin Klein) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Enterprise Market Data, Strategic Sourcing Manager
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We think you need these skills to ace Enterprise Market Data, Strategic Sourcing Manager
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✨Brush Up on Financial Analysis Skills
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