Principal, Capital Planning & Portfolio Lead, Infrastructure Services

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.

Summary The Principal Technology Portfolio Lead is a senior strategic leadership role responsible for overseeing the planning, forecasting, governance, optimization , and financial management of the organization's technology portfolio across Infrastructure, Cloud, Applications, Cybersecurity, Data Platforms, and Enterprise Technology Services. This role serves as the critical bridge between Technology Leadership, Finance, Vendor Management, Procurement, and Business stakeholders to ensure effective management of both Capital ( CapEx ) and Operating Expenses ( OpEx ). The individual will drive financial transparency, portfolio optimization, investment prioritization, cost efficiency initiatives, and long-range technology financial planning. The ideal candidate combines strong financial acumen with deep understanding of technology domains including cloud computing, infrastructure, applications, software engineering, software licensing, hardware lifecycle management, data center services, and managed services. They must possess the ability to influence senior leaders and drive strategic decisions through data-driven insights and innovative financial management practices.

Technology Portfolio Financial Management Own and manage the end-to-end technology financial portfolio across Infrastructure, Cloud, Application Development, Cybersecurity, Data Platforms, and Enterprise Services. Lead annual budget planning, quarterly forecasting, monthly financial reviews, and multi-year strategic financial planning processes. Develop and maintain technology investment roadmaps aligned with business and enterprise technology strategies. Create financial models to support investment decisions, business cases, technology transformations, and modernization initiatives. Partner with technology executives to optimize allocation of technology spend and resources across strategic priorities. CapEx and OpEx Governance Establish governance frameworks for technology capital and operating expenditures. Monitor portfolio performance against approved budgets and forecasts. Drive financial accountability among portfolio owners and technology leaders. Provide variance analysis , trend reporting, risk assessments , and remediation plans. Ensure compliance with corporate financial controls, capitalization policies, and audit requirements. Cloud and Infrastructure Financial Optimization Lead cloud financial management (FinOps) practices across Azure, AWS, Google Cloud, and hybrid environments. Drive optimization of cloud consumption, reserved instances, licensing utilization, and infrastructure costs. Analyze technology spending patterns across compute, storage, networking, SaaS, platform services, and managed services. Identify cost reduction opportunities while maintaining service quality and operational resilience. Support technology modernization initiatives with robust financial analysis and return-on-investment assessments. Hardware, Software and Licensing Management Develop strategic plans for hardware refresh cycles, infrastructure modernization, and asset lifecycle management. Partner with Procurement and Vendor Management teams to optimize software contracts and licensing