Senior Consultant, Non-Traditional Third Parties Third Party Risk Management

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.

Position Summary

The Senior Associate Non-Traditional Third-Party Management & Sourcing serves as a hybrid resource between Procurement and the Third-Party Management Office (TPMO). This role supports atypical and non-traditional third-party (NTTP) engagements throughout the relationship lifecycle providing expertise in sourcing contracting governance and third-party risk management requirements. The position partners with business stakeholders Legal Procurement and TPMO to ensure engagements are established and managed in accordance with Northern Trust policies standards and regulatory expectations.

Key Responsibilities

• Support NTTP engagements from onboarding through renewal or termination.
• Lead and coordinate complex or non-standard contracting activities with Procurement Legal TPMO and business stakeholders.
• Facilitate unique contract requirements and ensure alignment with Northern Trust policies and third-party management standards.
• Provide guidance on sourcing contracting due diligence and ongoing monitoring requirements for NTTP categories.
• Review contracts and engagement structures periodically to ensure continued compliance with governance risk and regulatory expectations.
• Partner with business units that execute third-party risk management activities under TPMO oversight.
• Identify process gaps contract risks and compliance issues and drive remediation with stakeholders.
• Serve as a key liaison between Procurement TPMO Legal Risk SMEs and the business

Qualifications

• Experience in Procurement Strategic Sourcing Third-Party Risk Management Vendor Management or Contract Management.
• Understanding of contracting processes and third-party lifecycle requirements.
• Strong stakeholder management problem-solving and communication skills.
• Ability to navigate complex business arrangements and regulatory requirements in a financial services environment.

Success Profile

The ideal candidate combines procurement and contracting expertise with third-party risk management knowledge enabling effective oversight of non-traditional third-party relationships and ensuring compliance throughout the engagement lifecycle.

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.

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.