Intercompany Agreements - Program Specialist
Intercompany Agreements - Program Specialist
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Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Regulatory guidelines for financial institutions have increased the requirements and responsibilities associated with outsourcing services to affiliates and third parties. The Intercompany Arrangement (ICA) Program Specialist who reports to the Head of Service Governance Office will be responsible for ensuring that all frameworks standards and guidelines associated with ICAs are fit for purpose and meet regulatory guidelines. The Program Specialist will be responsible for designing implementing and ensuring sustainability for the intercompany program lifecycle areas.
This role will interact with business units and legal entities globally to assist with implementation of processes while overseeing sustainability. The role will involve working with ongoing program evolution and design as well as overseeing collaboration across locations and across business units / functions as we look to evolve established programs to ensure risk management obligations.
Key Responsibilities:
Responsible for design of enterprisewide third party risk management intercompany processes and managing through sustainability and maturity.
Responsible for designing and periodically reviewing program related artifacts risk methodologies service categories and associated risk profile reporting thresholds etc.
Enhancements of program documentation including development periodic review version control and organized storage for various program documents including training materials desk procedures etc.
Ensures the program provides the flexibility and adaptability to support all jurisdictions and local regulatory requirements
Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment
Responsible for managing designing and enhancing program activities
Success candidates will benefit from having:
Excellent verbal and written communication skills
Functional/Industry knowledge is required
Knowledge of intercompany thirdparty risk framework and controls
Analytical and communication skills are required to analyze information and disseminate information
Leadership and organizational skills to direct the activities for the multiple business units
Ability to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes
Strong organization attention to detail time management planning skills and the ability to handle multiple competing priorities
Strong organizational skills a collaborative approach to work with strong interpersonal skills
Demonstrates strong analytical skills with the ability to generate complex reports
Highly flexible and adaptable to change in a high demand environment
Proficiency in Microsoft Word Excel PowerPoint as well as data analytic tools including PowerBI
Qualifications:
Bachelors degree and approximately 810 years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting preferred
An undergraduate or graduate degree in Accounting Finance or Risk and/or another appropriate academic major is highly preferred
A thorough understanding of thirdparty risk management with prior experience in designing program solutions risk scoring and aggregation methodologies and designing committee reporting
Understanding of global risk regulatory requirements
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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds 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 .
We hope youre 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.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
