Associate Specialist, Procurement - Strategic Sourcing - Facilities

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Position overview. This is a full-time, Associate Specialist position within Global Procurement, based in Chicago, Illinois. The role is intended for an experienced strategic sourcing professional with 7+ years of experience in procurement, sourcing or category management, preferably with direct exposure to facilities, real estate and workplace services. Role Purpose The Associate Specialist will lead end-to-end strategic sourcing for facilities, real estate and workplace-related spend across the global portfolio. The primary purpose of the role is to deliver measurable savings and cost avoidance while strengthening commercial outcomes, reducing supplier and contractual risk, improving service quality and establishing consistent supplier performance management. The position operates as an experienced, hands-on individual contributor and trusted advisor who can independently manage complex sourcing initiatives from the initial definition of business requirements through sourcing, negotiation, contract execution, implementation and ongoing supplier governance. The role will partner closely with Corporate Real Estate, Facilities, Physical Security, Legal, Risk, Compliance, Finance and other internal stakeholders. Success requires the ability to translate operational and technical requirements into commercially sound sourcing strategies, create competitive tension in the market, evaluate both quantitative and qualitative supplier proposals and communicate recommendations clearly to senior stakeholders. Key Responsibilities The Associate Specialist will assess business needs and perform detailed analysis of spend, demand, contracts, supplier performance and market conditions. Based on this analysis, the individual will develop category strategies, sourcing plans, negotiation approaches and savings targets that align with business priorities. The role will maintain a forward-looking pipeline of sourcing opportunities, contract expirations and supplier initiatives, supported by relevant market intelligence and performance reporting. The position will lead multiple concurrent RFI, RFP and RFQ events. This includes defining requirements, developing scopes of work, preparing pricing models and evaluation criteria, coordinating supplier communications, managing the bid process, analyzing proposals and facilitating supplier selection. The Associate Specialist will lead commercial and contractual negotiations, document the rationale for recommendations and support stakeholders through the award decision and approval process. Contracting responsibilities include working with Legal, Risk and SMEs to review, draft and negotiate master agreements, statements of work, nondisclosure agreements and other relevant documents. The role will address pricing, service levels, performance measures, warranties, liability, insurance, change control, termination rights, data and intellectual property considerations, and other category-specific commercial terms. Following contract execution, the individual will support supplier onboarding, implementation and service transition activities to ensure that negotiated value is realized. The Associate Specialist will also manage strategic supplier relationsh…

View the full posting and apply