Senior Consultant, Enterprise Market Data

Serve as a subject matter expert and responsible for leading and managing critical Enterprise Market Data supplier relationships, negotiations and spend. Provides 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.
Major Duties:
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.
Leads and manages RFx (e.g. Request for Proposal, Request for Information, Request for Quote) process, including project management, development of RFx, negotiations and award process.
Interacts with business and Partners to formulate and implement strategy and solutions to enhance existing services, create new services or improve processes.
Establish and maintain relationship with key partners, education on policy/guidelines and resolving related purchasing issues.
Analyze and evaluate market data vendor solutions.
Displays planning and proactive follow up skills with all partner and vendor interactions.
Employs market/competitor awareness in relationship communication and business development opportunities.
Participate in various project teams developing solutions required by business partner's needs.
Responsible for monitoring the contract renewal process and notifying appropriate partners.
Supports and monitors supplier adherence to contracts, manage suppliers via supplier activity reporting and business/performance reviews, supplier rationalization and demand management opportunities.
Manages and supports regulatory and compliance requirements (e.g. OFAC, FCPA, Spend Analysis, Client Relationships).
Utilize FITS (Financial Information Tracking Systems) database to track all user market data products and services.
Work with the Enterprise Market Data Operations team to support invoice processing, reconciliation and order processing to ensure billing accuracy.
Responsible for maintenance of procurement processes and procedures.
A Bachelor's degree in Business, Finance and/or relevant work experience in Sourcing or Procurement required.
Eight plus years of experience in the financial services industry.
Familiarity with various market data feed types and applications.
Prior experience working in a fast-pace, high demand environment.
Exhibits strong time management skills and sets priorities.
Commands strong listening, profiling, negotiation skills.
Capacity to handle multiple complex tasks simultaneously.
Solid written and oral communications skills.
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients ? from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of September 30, 2018, Northern Trust Corporation had:
$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets

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