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 world’s 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 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Third Party Management Program Design Lead
 

This individual will be responsible for leading one of the critical lifecycle activities within the Third-Party Management Office (TPMO). The TPMO plays a strategic role in safeguarding Northern Trust’s operational resilience and regulatory compliance by managing third-party relationships effectively. Through continuous program enhancements and cross-functional collaboration, the TPMO ensures robust risk mitigation and optimal vendor performance across the organization. The Candidate will be responsible for designing, implementing, executing and ensuring sustainability for certain program lifecycle areas. Those areas include:

Intercompany Risk Outsourcing Ongoing Monitoring  4th Party SpecialistTraining & Change Management Process Design & Strategy

This role will interact with business units globally to assist with implementation of processes while overseeing sustainability. The role will involve working with on-going program evolution and design, as well as, overseeing collaboration across locations and across business units / functions as we look to evolve established programs to ensure risk management obligations.

Key Responsibilities:

Responsible for designing certain enterprise-wide third-party risk management processes and managing through sustainability and maturityResponsible for designing and periodically reviewing program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc.Generation and enhancements of program documentation including development, periodic review, version control and organized storage for various program documents such as Third-Party Management Practice Standard, training materials, desk procedures, etc.Monitor regulatory updates that correspond to the assigned area being designed and provide team with guidance on impact of changes in regulatory environment and how to adjust enterprise-wide program to supportResponsible for managing, designing, and enhancing program activities and mature the program including serving as the TPM Program Subject Matter Expert for technology enablement 

Successful candidates will benefit from having:

Excellent verbal and written communication skillsFinancial Services knowledge is requiredKnowledge of concentration risk frameworks and/or legal entity operational resiliency requirementsAnalytical and communication skills are required to analyze information and disseminate informationLeadership and organizational skills to direct the activities for the multiple business unitsAbility to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes for both the customer and the businessStrong organization, attention to detail, time management, planning skills and the ability to handle multiple competing prioritiesStrong organizational skills, a collaborative approach to work, with strong interpersonal skillsDemonstrates strong analytical skills with the ability to generate complex reportsHighly flexible and adaptable to change in a high demand environmentProficiency in Microsoft Word, Excel, PowerPoint as well as data analytic tools including PowerBI

Qualifications:

Bachelor's degree and approximately 8+ years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting preferredAn undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferredA 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 reportingUnderstanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)

Salary Range:

$114,700 - 194,900 USD

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.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply 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 MyHRHelp@ntrs.com.

 
We hope you’re 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.