Head of Technology Procurement
Company | Northern Trust |
---|---|
Location | Tempe, AZ, USA, Chicago, IL, USA |
Salary | $137400 – $240400 |
Type | Full-Time |
Degrees | Bachelor’s, Master’s |
Experience Level | Expert or higher |
Requirements
- Bachelor’s or Master’s degree in Business, Supply Chain, Finance, IT, or a related field.
- 10+ years of technology procurement, strategic sourcing, or vendor management experience in a global enterprise.
- Deep knowledge of IT procurement, cloud economics, software licensing models, and outsourcing agreements.
- Strong negotiation skills and experience managing multi-million-dollar contracts.
- Ability to navigate complex stakeholder environments across IT, finance, legal, and executive leadership.
- Expertise in procurement analytics, cost modeling, and financial planning for technology investments.
Responsibilities
- Develop and implement a global technology procurement strategy, ensuring alignment with business and IT objectives.
- Lead end-to-end strategic sourcing initiatives for software, cloud, hardware, telecom, and IT services.
- Optimize supplier portfolios and negotiate high-value, complex contracts with key technology vendors (e.g., Microsoft, AWS, Oracle, SAP, IBM, Google Cloud).
- Drive cost savings, risk mitigation, and value creation through effective contract structuring and supplier negotiations.
- Collaborate with IT, finance, and legal teams to align sourcing strategies with technology roadmaps and compliance requirements.
- Build and maintain strong executive relationships with strategic technology suppliers and internal stakeholders.
- Assist in vendor performance reviews, ensuring SLAs, KPIs, and business outcomes are met.
- Partner with CIO, CTO, and IT leaders to anticipate technology needs and drive innovation through supplier engagements.
- Work with Third Party Risk Management to develop governance frameworks for technology third-party risk management, cybersecurity, and regulatory compliance.
- Drive cost optimization initiatives across technology spend, leveraging TCO (Total Cost of Ownership) and ROI analysis.
- Ensure contracts comply with regulatory, cybersecurity, and data privacy standards (e.g., GDPR, SOC 2, NIST, ISO 27001).
- Establish and enforce policies for IT procurement governance, cost control, and risk mitigation.
- Monitor market trends and supplier landscapes to identify cost-saving and innovation opportunities.
- Implement procurement automation and digital tools (e.g., Coupa, ServiceNow) to streamline sourcing and vendor management.
- Develop category management playbooks, standardizing best practices across global procurement category teams.
- Lead a high-performing team of IT procurement professionals, fostering a culture of innovation and excellence.
Preferred Qualifications
-
No preferred qualifications provided.