Sr. Consultant - Vendor 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.

Overview of the role:

This role will report into the Head, Enterprise Critical Vendor Management (ECVM). Responsibilities include partnering with key stakeholders and our supply chain to support the organization’s 3rd party vendor oversight program for a portfolio of suppliers.

Responsibilities

• Develop/maintain strong long-term working relationships with key business decision-makers internally and externally with vendors and stakeholders throughout the year
• Provide ongoing monitoring and oversight of assigned vendors to ensure that the terms of the contracts are achieved. Includes reporting on adherence to KPIs, SLAs, and financial targets.
• Analyze vendor financial statements; Present complex financial concepts to a wide audience.
• Arrange and conduct Supplier Business Reviews
• Risk Management – Maintain close working relationships with vendors. Facilitate regular performance management discussions with internal stakeholders and vendors to ensure that any issues are surfaced and can be mitigated before they become an event/ escalation.
• Resilience and continuity – maintain constant dialogue with vendors that allows stakeholders to assess any ongoing risks to supply/ system outages and make alternative exit plans as appropriate. Includes supporting the oversight and testing of vendor exist strategies.
• Support the incident reporting, remediation, and closure process across vendors.
• Perform periodic quality control reviews of required supply chain artifacts for compliance to internal policies and regulatory criteria.

Knowledge & Skills

• Must also have strong analytical and communication skills to be impactful with external regulators and partners.
• Strong business acumen with proven ability to interact with all levels of the organization
• Highly flexible and adaptable to change

Requirements

• An undergraduate or graduate degree in Finance or Risk and/or other 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
• 3-5 counting firm, or particular business/industry experience to meet special needs of vendor manager/ 3rd party oversight

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.

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.

For further information, and to apply, please visit our website via the “Apply” button below.