Senior Consultant, Ongoing Monitoring, Alerts & Triggers - Third Party Risk Management

About the role

NT’s Chief Procurement Officer’s team for Third Party Management (TPMO) is responsible for design and execution of the Third Party risk management program in line with regulatory expectations, NT’s Third Party Risk Management Policy, and Third Party Practice Standard. We are in a phase of growth and transformation. While you’ll be hired for a specific role, your role may evolve as we scale – expanding into areas aligned with your strengths and program needs. We’re looking for partners who thrive in change, think like problem solvers, and bring skills in project management, process management, and change leadership. If you’re excited to grow with us and pivot when needed, you may be a fit for this role.

Responsibilities

• Track program throughput through the various third party management life cycle elements (Planning, IRQs, DDQs, Ongoing Monitoring, Contracting and Termination), periodic inventory review, open issues and open risk acceptance review and tracking of all internal projects
• Design and periodically review program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc.
• Assist and guide business partners through various stages of third party lifecycle to ensure quality program execution
• Identify gaps and drive continuous improvement across the TPRM lifecycle (e.g., onboarding, due diligence, monitoring, offboarding)
• Suggest and participate in improvement projects that automate or streamline repetitive tasks (e.g., through Coupa tools or workflow automation platforms)
• Maintain strong documentation and evidence of controls, risk decisions, and remediations
• Engage with risk domain SME’s, vendors and vendor relationship managers
• Use dashboards and key risk indicators (KRIs) to monitor third-party risk posture and performance and determine areas of focus
• Report progress to the board, risk committees, and regulators as needed
• Participate in cross-functional teams associated with Third Party program requirements in areas such as design & strategy, enterprise critical vendor management, and other SMEs related subjects

Requirements

Proven track record managing vendor risk and/or leading large-scale risk or compliance initiatives
Expertise in third-party risk frameworks and regulatory requirements
Experience with tools such as Coupa, ServiceNow, Cybeta, Interos or similar
Strong organizational skills
Ability to influence activities across multiple teams and across business units
Outstanding writing, communication, and presentation skills
Sound analytical and problem-solving skills
Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding
Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
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)
A TPRM related certification such as CTPRP or CTPRA

Qualifications

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.

Skills

• Project management
• Process management
• Change leadership

Benefits

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!

Pay

Northern Trust offers competitive compensation and benefits packages.

Schedule

The Northern Trust Tempe office operates on a standard Monday through Friday schedule.