Senior Consultant, Non-Traditional Third Parties - Third Party Risk Management

About the role

The Senior Associate, Non-Traditional Third-Party Management & Sourcing, serves as a hybrid resource between Procurement and the Third-Party Management Office (TPMO). This role supports atypical and non-traditional third-party (NTTP) engagements throughout the relationship lifecycle, providing expertise in sourcing, contracting, governance, and third-party risk management requirements. The position partners with business stakeholders, Legal, Procurement, and TPMO to ensure engagements are established and managed in accordance with Northern Trust policies, standards, and regulatory expectations.

Key Responsibilities

• Support NTTP engagements from onboarding through renewal or termination.
• Lead and coordinate complex or non-standard contracting activities with Procurement, Legal, TPMO, and business stakeholders.
• Facilitate unique contract requirements and ensure alignment with Northern Trust policies and third-party management standards.
• Provide guidance on sourcing, contracting, due diligence, and ongoing monitoring requirements for NTTP categories.
• Review contracts and engagement structures periodically to ensure continued compliance with governance, risk, and regulatory expectations.
• Partner with business units that execute third-party risk management activities under TPMO oversight.
• Identify process gaps, contract risks, and compliance issues, and drive remediation with stakeholders.
• Serve as a key liaison between Procurement, TPMO, Legal, Risk SMEs, and the business.

Qualifications

• Experience in Procurement, Strategic Sourcing, Third-Party Risk Management, Vendor Management, or Contract Management.
• Understanding of contracting processes and third-party lifecycle requirements.
• Strong stakeholder management, problem-solving, and communication skills.
• Ability to navigate complex business arrangements and regulatory requirements in a financial services environment.

Success Profile

The ideal candidate combines procurement and contracting expertise with third-party risk management knowledge, enabling effective oversight of non-traditional third-party relationships and ensuring compliance throughout the engagement lifecycle.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more.