Northern Trust
Third Party Management 4th Party Specialist
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.
Third Party Management 4th Party Specialist
This individual 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 4th & Nth Party program lifecycle areas. Key Responsibilities: Assist with designing enterprise-wide third party risk management 4th & Nth Party processes and managing through sustainability and maturity. Design and periodically review program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds, etc. Generate and enhance 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 and provide guidance on the impact of changes in the regulatory environment. Manage, design, and enhance program activities, serving as the TPM Program Subject Matter Expert for technology enablement. Successful candidates will benefit from having: Excellent verbal and written communication skills. Functional/Industry knowledge. Knowledge of 4th & Nth Party third-party risk framework controls. Strong analytical and communication skills. Leadership and organizational skills to direct activities across multiple business units. Ability to foster a positive and proactive approach to process assessment and improvement. Strong organization, attention to detail, time management, and planning skills. 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, and data analytic tools including PowerBI. Qualifications: Bachelor's degree and approximately 5-10 years of related work experience in financial services/internal audit/risk consulting preferred. An undergraduate or graduate degree in Accounting, Finance, or Risk is highly preferred. A thorough understanding of third-party risk management, with experience in designing program solutions and risk scoring methodologies. Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA). 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 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 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 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.
#J-18808-Ljbffr
This individual 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 4th & Nth Party program lifecycle areas. Key Responsibilities: Assist with designing enterprise-wide third party risk management 4th & Nth Party processes and managing through sustainability and maturity. Design and periodically review program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds, etc. Generate and enhance 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 and provide guidance on the impact of changes in the regulatory environment. Manage, design, and enhance program activities, serving as the TPM Program Subject Matter Expert for technology enablement. Successful candidates will benefit from having: Excellent verbal and written communication skills. Functional/Industry knowledge. Knowledge of 4th & Nth Party third-party risk framework controls. Strong analytical and communication skills. Leadership and organizational skills to direct activities across multiple business units. Ability to foster a positive and proactive approach to process assessment and improvement. Strong organization, attention to detail, time management, and planning skills. 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, and data analytic tools including PowerBI. Qualifications: Bachelor's degree and approximately 5-10 years of related work experience in financial services/internal audit/risk consulting preferred. An undergraduate or graduate degree in Accounting, Finance, or Risk is highly preferred. A thorough understanding of third-party risk management, with experience in designing program solutions and risk scoring methodologies. Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA). 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 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 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 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.
#J-18808-Ljbffr