Consultant Procurement and Third-Party Governance & Compliance
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Job Summary
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 worlds 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 24000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Northern Trust a Fortune 500 company is a globally recognized financial institution with over 130 years of experience providing innovative financial services. The Audit & Regulatory Specialist (P2) role supports the Third Party Management (TPM) and Procurement teams by assisting with audit regulatory and risk management activities related to thirdparty risk assessment controls.
This position focuses on execution documentation and coordination of audit and regulatory support activities under the guidance of more senior team members. The role requires a foundational understanding of control processes regulatory expectations and thirdparty risk management practices.
- Support internal and external audits related to Third Party Management and Procurement by assisting with audit requests documentation collection and evidence preparation.
- Assist in the execution of first line of defense (1LOD) testing activities including sampling control testing and documentation of results.
- Help prepare risk assessments and contribute to annual audit and testing plans for the Third Party Management Office.
- Review business processes and controls against documented policies procedures and regulatory expectations escalating issues as identified.
- Compile audit materials summaries and working papers under established templates and guidance.
- Assist with tracking audit issues regulatory findings and remediation activities to support timely closure.
- Support reviews of Internal Audit reports and assist in drafting responses or remediation documentation.
- Participate in meetings with business partners to gather information and clarify documentation needs.
- Maintain organized records and repositories to support audit readiness and ongoing compliance.
- Bachelors degree in Business Accounting Finance Risk Management or a related field.
- Approximately 13 years of relevant experience in audit risk management compliance procurement or thirdparty risk.
- Basic understanding of audit processes internal controls and regulatory compliance concepts.
- Exposure to thirdparty or vendor risk management concepts is preferred but not required.
- Strong attention to detail organization and documentation skills.
- Ability to follow established procedures and work effectively under supervision.
- Effective written and verbal communication skills.
- Familiarity with Third Party Risk Management (TPRM) or Procurement processes.
- Awareness of financial services regulatory expectations (e.g. OCC FFIEC PRA FCA) is a plus.
- Experience supporting audits issue management or control testing activities.
- Proficiency with Microsoft Office tools (Excel Word PowerPoint).
- Detailoriented and processfocused
- Ability to learn and apply regulatory and control concepts
- Strong documentation and organizational skills
- Collaborative and responsive to guidance
- Accountability for assigned tasks and deadlines
Salary Range:
$64125 - 105925 USDSalary 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B L-1 TN O-1 E-3 H-1B1 F-1 J-1 OPT CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner you will be part of a flexible and collaborative work culture which has a strong history of financial strength and stability. Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trusts history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at or alternatively you can discuss your individual requirements with the recruiter you are working with.
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About Company
Discover Northern Trust’s trusted financial services for individuals, families, and institutions. Guided by service, expertise, and integrity since 1889, we offer wealth management, asset servicing, and investment solutions tailored to your goals.
