Third Party Management, Head of Program Execution

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 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.

Head of Program Execution

NTs Chief Procurement Officers team for Third Party Management (TPMO) is responsible for design and execution of the Third Party risk management program in line with regulatory expectations NTs Third Party Risk Management Policy and Third Party Practice Standard.

This role reports to the Head of the Third Party Management Office (TPMO) and performs as the Head of Program Execution within the TPMO which is the 1st line of defense for third party risk. Primarily you will work closely with the head of the TPMO to assist in design decisions and will be mainly responsible for the execution of the program as per the Third Party Standard.

The role holder will be an expert in Third Party Risk Management and would be well versed in execution aspect of the program related to the entire lifecycle of third party engagements. This is a central role interacting with business units 2nd line of defense other team leads and offshore quality control team.

Major Duties:

• Responsible for tracking program throughput including various life cycle elements (Planning IRQs DDQs Ongoing Monitoring Contracting and Termination) periodic inventory review open issues and open risk acceptance review and tracking of all internal projects
• Responsible for designing and periodically reviewing program related artifacts risk methodologies service categories and associated risk profile reporting thresholds etc.
• Accountable for assisting and guiding business partners through various stages of third party lifecycle to ensure quality program execution
• Identify gaps and drive continuous improvement across the TPRM lifecycle (e.g. onboarding due diligence monitoring offboarding)
• Automate or streamline repetitive tasks (e.g. through Coupa tools or workflow automation platforms).
• Maintain strong documentation and evidence of controls risk decisions and remediations.
• Ensure adherence to internal risk frameworks regulatory expectations (e.g. OCC FRB FFIEC GDPR) and industry standards
• Track milestones dependencies and deliverables across multiple concurrent initiatives
• Partner with legal compliance and audit teams to ensure the TPRM program meets internal and external obligations and can be sustained in the business
• Engage with senior executives business unit leaders procurement technology and risk owners
• Serve as the point of contact for program performance updates risk issue escalations and regulatory reviews
• Responsible for engaging with and assisting 2LOD partners by providing business users input for 2LOD deliverables
• Develop dashboards and key risk indicators (KRIs) to monitor third-party risk posture and performance
• Report progress to the board risk committees and regulators as needed
• Lead cross-functional teams including oversight across other Third Party program managers such as design & strategy enterprise critical vendor management and other SMEs
• Provide coaching talent development and succession planning

Knowledge/Skills

• Proven track record leading large-scale risk or compliance initiatives.
• Expertise in third-party risk frameworks and regulatory requirements.
• Experience with tools such as Coupa ServiceNow Cybeta Interos or similar.
• Leadership and organizational skills. Ability to influence activities across multiple teams and across business units

• Outstanding writing communication and presentation skills
• Sound analytical and problem-solving skills
• Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding

Experience

• Bachelors degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
• A thorough understanding of third-party (i.e. vendor supplier etc.) risk management with prior experience in designing program solutions risk scoring and aggregation methodologies and designing committee reporting
• Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins FFIEC FRB FDIC) or UK (PRA FCA)
• A TPRM related certification such as CTPRP or CTPRA

Salary Range:

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.

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 andapply 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.