Senior Consultant, Third Party Risk Management

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.

1. Involved in the Third-Party Risk governance framework in the 1st Line of Defense with oversight and reporting to enterprise leadership on related risk and control profile issues / incidents and any relevant emerging risks

2. Works with Relationship Managers to ensure that Third Party Risk policies and guidelines are adhered to and provide actionable support and guidance to the Business

3. Escalates any concerning trends to Senior Management. This may include (but not limited to) oversight and monitoring of emerging risks weaknesses in controls and material change programs deterioration in service / performance standards and provide guidance on mitigating actions

4. Assists in review of internal and external Third-Party Risk related events and issues to ensure that the root cause is adequately identified and remediation actions are fit for purpose

5. Works to ensure appropriate oversight / governance of intra-group arrangements is in place and changes to business models are accurately reflected in applicable group documentation. This may include liaising (as needed) with Legal Entity Outsourcing Managers

6. Assists in the support of local regulatory and audit engagements pertaining to Third Party Risk; this includes supporting remediation activities

7. Supports Third Party Risk awareness and risk management culture in order to ensure that the material risks are both evident and effectively managed

8. Exercises judgment based on the analysis of multiple sources of information

9. May lead small to medium size projects with manageable risks and resource requirements

10. Acts as a resource for colleagues with less experience

Knowledge :
Strong understanding of Third-Party Risk management principles including experience with policy development control definition and application of controls in the business
Strong knowledge of Third-Party Risk control environment
Strong knowledge of corporate risk policies and standards
Strong working knowledge of technologies relevant to responsibilities
Strong analytical skills including the use of relevant Tools such as Power BI
Strong collaboration and communication skills
Ability to drive to execution
Applies knowledge of key business drivers and the factors that maximize department performance

Experience :
A College or University degree and/or relevant proven work experience is required
5-7 years of related experience in roles working in Third Party risk related topics

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.