Northern Trust
Financial Services
Consultant,ThirdPartyRiskManagement
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Consultant, Third Party Risk Management at Northern Trust. Skills: Risk mitigation, Vendor relationships. Assist business partners through third party lifecycle. Guide business partners through third party lifecycle”
Industry & Context.
Analytical; Problem-solving
What They're Looking For.
Must Have
Proven record managing Third Parties, Ability to influence activities across multiple teams, Prior experience with Third Party Risk Management concepts, Prior experience with risk management fundamentals, Prior experience working for a regulated financial institution
Nice to Have
Prior experience with Technology vendors, Industry TPRM related certification
What You'll Do.
Assist business partners through third party lifecycle
Guide business partners through third party lifecycle
Ensure timely program execution
Ensure quality program execution
Lead TPRM program initiative
Coordinate TPRM program initiative
Support ongoing monitoring outreach
Ensure quantity exceptions
Lead structured quality reviews
Escalate vendor risks
Escalate contractual failures
Escalate performance trends
Support TPRM program expectations
Partner with engagement managers
Partner with relationship managers
Support planning activities
Support due diligence activities
Manage temporary risks
Align contracts to engagements
Update statuses for engagements
Support data integrity efforts
Develop exception reporting
Distribute exception reporting
Identify opportunities for enhancing vendor relationships
Improve efficiencies across Technology
Support engagement manager with offboarding
How You'll Work.
Team & Collaboration
Across multiple teams; Across business units; With Technology team
Communication Scope
Written communication; Oral communication; Presentation skills
Process & Methodology
Project deliverables, Project outcomes
Full Job Description
**_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. Improve visibility to Technology Third Party Risks, trends/metrics, and oversight of our Technology Third Party relationships. The successful candidate will possess exceptional written and oral communication skills while balancing details of risk requirements to ensure appropriate classification and risk mitigation for the Technology supplier portfolio. **Responsibilities:** * Assisting and guiding business partners through various stages of third party lifecycle to ensure timely and quality program execution. * Leading and coordinating TPRM program initiative in partnership with local APAC support * Supporting ongoing monitoring outreach for required scorecards and business reviews; ensure SLAs are met and quantity exceptions. * Leading structured quality reviews of ongoing monitoring artifacts to ensure key risks are quantified and socialized. * Escalating vendor risks, contractual failures, and performance trends. * Support Third Party Risk Management program expectations by partnering with engagement and relationship managers across the Technology team. * Support planning and due diligence activities including risk assessments, due diligence escalations, issue resolution, and temporary risks exceptions; ensure SLAs are met. * Support the alignment of contracts to engagements, ensuring the statuses are updated for all Technology related engagements. * Support data integrity efforts across t
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