Principal, Cloud Portfolio Manager

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.

Position Overview:

The Cloud Portfolio Manager is responsible for managing, optimizing, and governing an organization's portfolio of cloud services, platforms, and solutions. This role ensures alignment of cloud investments with business strategy, drives cost optimization, manages vendor relationships, and provides visibility into cloud usage across the enterprise. The Cloud Portfolio Manager works closely with IT, finance, procurement, security, and business leaders to maximize the value and performance of the cloud portfolio.

Key Responsibilities

Cloud Portfolio Strategy & Governance

• Develop and maintain the cloud portfolio roadmap, ensuring alignment with organizational objectives and digital transformation strategy.
• Establish governance frameworks and policies for cloud service adoption, lifecycle management, and retirement.
• Evaluate and recommend new cloud services, platforms, and tools based on business needs and emerging technologies.
• Ensure compliance with security, risk, and regulatory requirements across the cloud portfolio.

Financial & Vendor Management

• Partner with Finance to manage cloud budgets, forecasting, and chargeback/showback models.
• Monitor and optimize cloud spend, identifying opportunities for efficiency and cost reduction.
• Negotiate and manage relationships with cloud service providers (e.g., AWS, Azure, GCP, SaaS vendors).
• Track ROI of cloud initiatives and provide insights for executive decision-making.

Operational Management

• Oversee the performance and availability of cloud services in the portfolio.
• Collaborate with IT operations, engineering, and architecture teams to ensure reliable delivery and integration of cloud services.
• Develop dashboards and reporting to provide transparency into cloud usage, costs, and performance.
• Define KPIs and success metrics for cloud services and track against benchmarks.

Stakeholder Engagement

• Act as a liaison between technology teams, business units, and executive leadership to ensure cloud services meet enterprise needs.
• Partner with product owners and solution architects to align cloud services with application and workload requirements.
• Communicate portfolio updates, risks, and opportunities to stakeholders at all levels.

Qualifications

Education & Experience:

• Bachelor's degree in Information Technology, Business Administration, or related field (Master's preferred).
• 7+ years of experience in IT portfolio management, cloud service management, or technology strategy roles.
• Strong background in cloud platforms (AWS, Azure, GCP) and SaaS solutions.
• Experience with financial management of IT/cloud services, including cost optimization and vendor negotiations.

Skills & Competencies:

• Deep understanding of cloud technologies, services, and delivery models (IaaS, PaaS, SaaS).
• Strong financial acumen and ability to translate cloud usage into business impact.
• Excellent communication and stakeholder management skills.
• Analytical mindset with the ability to assess trade-offs between cost, risk, and performance.
• Familiarity with cloud management and governance tools

Key Success Metrics

• Cloud spend optimization and cost savings achieved.
• Alignment of cloud investments with business goals and priorities.
• Vendor performance and value delivered.
• Adoption and satisfaction levels of cloud services across the enterprise.

Salary Range:

$137,400 - 233,600 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected] .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.