Procurement Buyer

5 months ago

Bengaluru, India Northern Trust Full time

**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 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.

**Working Model**:
**The key responsibilities of the role include**:
Buyer / Senior Buyer

**Principal Responsibilities**:
1. Responsible for managing end to end Procurement process, includes managing o all inquiries from vendors/partners, working closely with Category Mangers in driving Sourcing strategies, drive and maintains vendor catalog related to orders; updates internal tracking mechanisms and all metrics; resolves and escalates issues as needed. Takes minimum direction from Category Managers.

2. Responsible in provide effective and efficient support of the procurement processes

3. Ensures company policies and procedures are being adhered to as they pertain to Procurement

4. Secures and analyzes quotations, drive strategic negotiations with suppliers, completes contract negotiations, recommends suppliers with respect to cost, quality, and delivery competitiveness for assigned responsibilities

5. Works closely with Supports Category, makes recommendations to strategic sourcing initiatives, influencing resource dedication and savings commitments

6. Identifies, recommends and implements guidelines, policies and controls to manage spend effectively

7. Monitors supplier performance executes appropriate remedies for non-compliance. Negotiates modifications and new service levels as business conditions change

8. Drive special projects in support of broader Procurement goals. Sets and maintains project schedules, monitors project(s) and adjusts schedules or tasks as needed

9. Communicates directly with all levels of internal and external stakeholders, including senior management, relative to various policy, financial, risk and strategic matters

10. Resolves complex transactions, where expertise is required to interpret policies, guidelines and/or processes

12. Works on large and complex projects and develops project leadership skills

13. Follows effectively Procurement Buyer procedures and processes to improve the efficiency of the group and actively guide and support team

14. Interacts on a regular basis with upper management, external customers as well as internal partners to integrate solutions that meet the company's goals both financially and operationally

15. Acts as key contact for various partners, including internal auditors, and other business units

**Job Related Skills**
- In-depth knowledge of Supply chain management, contracting and procurement knowledge is required.
- Excellent oral and written communication skills are required. Technical skills / systems knowledge (e.g. MS Office skills, ERP systems - Coupa, Peoplesoft) is required.
- Ability to create RFPs, related qualitative and pricing analysis, contractual documentation, service levels and performance scorecards is required.
- Strong sourcing, project management, facilitation, negotiation and change management skills are required.
- Strong analytical, presentation - business articulation skills (verbal and written) are required with an ability to lead cross functional teams. Highly flexible and adaptable to change.
- Exposure to Implementation of effective Procurement Techniques
- Proven skills in analysis, problem solving and coordination. Possesses strong Data Analysis & reporting skills.
- Exposure to Customs and local purchase tax structures
- Process compliance related skills and audit awareness
- Deep understanding of Enterprise Resource Planning (ERP), eAuction and other Procurement tools

**Experience**:Minimum of 5 to 7 years for Buyer & 8-10 years experience for Senior Buyer

**Qualification**:A College or University degree in Business, Supply Chain Management or Finance and/or some relevant work experience in Sourcing or Procurement is required. CPM certified or working towards completion is preferred MBA would be an added advantage.

**Technical Skills**
- MS Tools: Excel, Power Point, Word, Visio & SharePoint
- Exposure to ERP Systems, Coupa, Oracle PeopleSoft or SAP
- E-tools: Contract management tools, eAuction

**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 w

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