Northern Trust
Third Party Management Program Support
Northern Trust, Chicago, Illinois, United States, 60290
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.This position will be responsible for supporting lifecycle activities within the Third Party Management Office (TPMO). The Program Support will be responsible for assisting with designing, implementing, executing and ensuring sustainability for the non-traditional third-party program lifecycle areas. 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 assisting with designing certain enterprise-wide third party risk management non-traditional third-party processes and managing through sustainability and maturity.Responsible 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 support.Responsible for managing, designing, and enhancing program activities and mature the program including serving as the TPM Program Subject Matter Expert for technology enablement.Success candidates will benefit from having:
Excellent verbal and written communication skills.Functional/Industry knowledge is required.Knowledge of non-traditional third-party risk framework controls.Analytical and communication skills are required to analyze information and disseminate information.Leadership and organizational skills to direct the activities for the multiple business units.Ability to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes for both the customer and the business.Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities.Strong organizational skills, a collaborative approach to work, with strong interpersonal skills.Demonstrates strong analytical skills with the ability to generate complex reports.Highly flexible and adaptable to change in a high demand environment.Proficiency in Microsoft Word, Excel, PowerPoint as well as data analytic tools including PowerBI.Qualifications
Bachelor's degree and approximately 5-10 years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting preferred.An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferred.A 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 reporting.Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA).
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Responsible for assisting with designing certain enterprise-wide third party risk management non-traditional third-party processes and managing through sustainability and maturity.Responsible 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 support.Responsible for managing, designing, and enhancing program activities and mature the program including serving as the TPM Program Subject Matter Expert for technology enablement.Success candidates will benefit from having:
Excellent verbal and written communication skills.Functional/Industry knowledge is required.Knowledge of non-traditional third-party risk framework controls.Analytical and communication skills are required to analyze information and disseminate information.Leadership and organizational skills to direct the activities for the multiple business units.Ability to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes for both the customer and the business.Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities.Strong organizational skills, a collaborative approach to work, with strong interpersonal skills.Demonstrates strong analytical skills with the ability to generate complex reports.Highly flexible and adaptable to change in a high demand environment.Proficiency in Microsoft Word, Excel, PowerPoint as well as data analytic tools including PowerBI.Qualifications
Bachelor's degree and approximately 5-10 years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting preferred.An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferred.A 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 reporting.Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA).
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