Northern Trust

1 month ago

Vendor Management & Contract/Commercial Governance

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 8 hours agoStatus: Live

Job Summary

Commercial governance lead for HR vendor relationships in a regulated financial services setting. Manages contract oversight, pricing models, and risk across the vendor lifecycle, partnering with HR COEs, Procurement, Legal, Finance, and Risk to optimize cost, ensure regulatory compliance, and mitigate financial and operational risk while supporting renewals, amendments, and exits.

Location: Ireland

Workplace: Onsite

Employment Type: Full time

Job Function: Procurement & Sourcing

Seniority: Manager level

Key Responsibilities

•Provide commercial oversight for HR vendor contracts, coordinating negotiations, renewals, amendments, and terminations with HR COEs, Procurement and Legal.
•Ensure commercial terms address financial, operational, regulatory, and data protection risk in alignment with TPRM standards and internal policies.
•Review and maintain pricing models, fee structures, SLAs, incentives, and contractual remedies to ensure clarity, enforceability, and alignment with business objectives.
•Monitor vendor spend, contractual entitlements, and cost drivers, identifying cost optimization opportunities and financial risk exposure.
•Partner with HR COEs to support renewal strategy, back-loaded risk assessment, and exit or transition planning for critical vendors.

Key Requirements

•Strong knowledge of commercial contracting, pricing models, and vendor financial management within a regulated environment.
•Working knowledge of Third-Party Risk Management (TPRM) concepts and their intersection with contractual and commercial risk.
•Ability to interpret and challenge complex contractual language, including financial, operational, and risk-related provisions.
•Strong analytical skills with ability to assess financial exposure, renewal risk, and cost trends.
•Proven ability to partner effectively across HR, Legal, Procurement, Finance, Risk, and Compliance.

Experience:Financial servicesVendor managementHR

Skills:CommunicationNegotiationCollaborationAttention to detailAnalytical thinking

Company Brief

Northern Trust

Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.

Industry: Asset Management

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Chicago, United States

Founded: 1889

Glassdoor: 3.9

Website LinkedIn

Loading job details...

Preparing the role view and application actions.

Northern Trust

1 month ago

Vendor Management & Contract/Commercial Governance

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 8 hours agoStatus: Live

Job Summary

Location: Ireland

Workplace: Onsite

Employment Type: Full time

Job Function: Procurement & Sourcing

Seniority: Manager level

Key Responsibilities

•Provide commercial oversight for HR vendor contracts, coordinating negotiations, renewals, amendments, and terminations with HR COEs, Procurement and Legal.
•Ensure commercial terms address financial, operational, regulatory, and data protection risk in alignment with TPRM standards and internal policies.
•Review and maintain pricing models, fee structures, SLAs, incentives, and contractual remedies to ensure clarity, enforceability, and alignment with business objectives.
•Monitor vendor spend, contractual entitlements, and cost drivers, identifying cost optimization opportunities and financial risk exposure.
•Partner with HR COEs to support renewal strategy, back-loaded risk assessment, and exit or transition planning for critical vendors.

Key Requirements

•Strong knowledge of commercial contracting, pricing models, and vendor financial management within a regulated environment.
•Working knowledge of Third-Party Risk Management (TPRM) concepts and their intersection with contractual and commercial risk.
•Ability to interpret and challenge complex contractual language, including financial, operational, and risk-related provisions.
•Strong analytical skills with ability to assess financial exposure, renewal risk, and cost trends.
•Proven ability to partner effectively across HR, Legal, Procurement, Finance, Risk, and Compliance.

Experience:Financial servicesVendor managementHR

Skills:CommunicationNegotiationCollaborationAttention to detailAnalytical thinking

Company Brief

Northern Trust

Industry: Asset Management

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Chicago, United States

Founded: 1889

Glassdoor: 3.9

Website LinkedIn