Senior Consultant – Enterprise Critical Vendor Program Manager
Job Summary
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.
Job Summary
The Enterprise Critical Vendor (ECV) Program Manager plays a key role within the First Line of Defense responsible for driving the oversight governance and continuous improvement of Enterprise Critical vendor relationships. This role partners closely with Business Units Procurement Risk Compliance and external stakeholders to ensure third-party risks are proactively identified managed and mitigated in alignment with Enterprise Risk policies and regulatory requirements.
The role serves as a central coordinator for enterprise critical engagements across multiple business units ensuring consistent execution of the Third-Party Risk Management (TPRM) lifecycle enhanced due diligence and governance activities.
Key Responsibilities
Program Execution & Transformation
Support transformation and ongoing maturity of the TPRM and Enterprise Critical Vendor Program through cross-functional collaboration across Business Procurement Risk and Control functions.
Facilitate cross-business unit coordination for enterprise critical engagements ensuring standardized oversight and governance execution.
Drive change management initiatives including process enhancements automation and reporting improvements.
Vendor Oversight & Risk Management
Provide ongoing monitoring and oversight of critical/high-priority vendors ensuring adherence to contractual obligations KPIs SLAs and financial targets.
Lead proactive identification escalation and remediation of vendor risks control gaps and performance issues.
Perform vendor criticality assessments and support risk treatment activities aligned with regulatory expectations.
Maintain risk issue and incident logs and support governance reporting and escalation.
Governance Reporting & Audit Readiness
Prepare and deliver risk-based insights dashboards and executive reporting to governance forums.
Support internal audits regulatory exams and third-party reviews through comprehensive documentation and program transparency.
Lead QA/QC reviews of TPRM and ECV lifecycle deliverables to ensure quality completeness and policy adherence.
Consulting & Contingent Labor Program Support
Provide oversight and governance support forConsulting and Contingent Labor (C&CL) third-party relationships ensuring alignment with Enterprise Critical Vendor Program standards and TPRM requirements.
Supportrisk-leveling due diligence oversight and ongoing monitoringat the Master Agreement level for consulting and contingent labor vendors.
Partner with Procurement and Business Units to ensureappropriate onboarding risk assessment and lifecycle managementof C&CL engagements.
Drivecross-BU coordination and reportingof consulting and contingent labor vendor performance risk posture and compliance.
Stakeholder Engagement & Advisory
Act as a trusted advisor to Business Units and vendor managers on TPRM requirements and regulatory expectations.
Coach stakeholders on vendor lifecycle processes governance standards and risk management practices.
Develop strong relationships with internal stakeholders and external vendors to drive performance and compliance.
Qualifications & Experience
Bachelors degree in Risk Finance Business or a related field.
Demonstrated experience in Third-Party Risk Management Vendor Management or related oversight functions in a financial services or regulated environment.
Experience managing vendor relationships and supporting contractual operational and risk oversight activities.
Strong understanding of third-party regulatory frameworks and risk management practices.
Preferred
Experience supportingConsulting and Contingent Labor programs including oversight of Master Agreement risk assessments onboarding and lifecycle governance.
Experience working acrossmulti-business unit environmentscoordinating enterprise-level vendor oversight.
Experience with vendor lifecycle tools (e.g. Coupa or equivalent platforms).
Key Skills & Competencies
Strong consultative and problem-solving skills with the ability to develop business cases and solutions.
Advanced data analyticsskills;Power BI expertise strongly preferred(dashboard development data modeling visualization).
Proficiency in Excel and financial / operational data analysis.
Excellent written and verbal communication skills including executive-level presentations.
Strong project management skills and ability to work in a matrixed fast-paced environment.
Ability to manage ambiguity prioritize effectively and drive outcomes.
Salary Range:
$90820 - 154280 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.
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.
Required Experience:
Manager
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.