Manager, Third Party Risk Management

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.

Major Duties :1. Establishes framework for managing TPMO requirements based on existing Third Party management (TPM) policies, standards, and tools.
2. Manages a team of TPMO specialist located in different regions, including coaching, providing regular performance feedback to employees and responsible for performance evaluation reviews.
3. Responsible for prioritizing and overseeing day-to-day team’s activities across regions and training staff on requirements and changes to the TPM program and related templates.
4. Oversees Third Party activities globally and perform follow up with assigned region vendor managers to ensure compliance with the TPM program.
5. Consults and facilitates meetings with assigned region BU (Business Unit) vendor managers to leverage Northern’s scale and achieve negotiated value from Third Party contract.
6. Resolves global/regional escalated issues and monitors timely resolution of issues by BU vendor managers.
7. Manages TPMO program activities and supports internal groups on remediating issues and risks.
8. Uses judgment to identify, troubleshoot and resolve day-to-day technical and operational problems.
9. Develops and maintains strong working relationships with key stakeholders internally and externally.
10. Organizes TPMO reporting and tracking of KPIs/SLAs.
11. Maintains a close working relationship with BU and third parties to help reduce risk and drive performance management discussions to ensure that any issues are surfaced and can be mitigated before they become a problem.
12. Ensures continuous collaboration with BU and Third Party vendors to assess any ongoing risks to NT operations and/or supply/ system outages and make alternative plans in a timely fashion if required.
13. Ensures adherence with internal standards and external regulations to mitigate risk.
14. Develops escalation processes for dispute resolution and incident reporting for third parties.
15. Participates in teams to develop and execute strategies that increase savings, efficiency and where opportunities to gain productivity.
16. Stays informed and identifies trends in the vendor management/ risk oversight space.
Knowledge :• Strong analytical, communication, interpersonal and leadership skills to be impactful.

• Good business acumen with proven ability to interact with all levels of the organization.

• Highly flexible and adaptable to change.

• Leadership and organizational skills are required to direct activities.

• Project Management skills.

• Applies understanding of the business and how own area integrates with others to achieve departmental objectives.

• Guides and influences others either internally or externally to adopt a different point of view.

• Applies understanding of the business and how own area integrates with others to achieve departmental objectives.

• Guides and influences others either internally or externally to adopt a different point of view.

Experience :• Prior experience managing teams.

• An undergraduate or graduate degree in Finance or Risk and/or another appropriate academic major is highly preferred.

• Demonstrated hands-on experience working with vendors/clients in other large financial institutions in a Risk/ Vendor Management practice.

• 8+ years of experience as a Senior Consultant/ Manager with a public accounting firm, or business/industry experience to meet special needs of vendor manager/ 3rd party oversight.

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 .

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.