Senior Consultant, Third Party Issue Management - Third Party Risk Management
About Northern Trust
Northern Trust (Nasdaq: NTRS) is a global leader in innovative wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company is known for its Principles That Endure: Service, Expertise, and Integrity. These principles guide the company's business conduct, which it strives to instill in its employees, called partners, and to provide to its clients and the communities it serves worldwide.
Third Party Program Execution / Program Management
NT’s Chief Procurement Officer’s team for Third Party Management (TPMO) is responsible for the design and execution of the Third Party risk management program in alignment with regulatory expectations, NT’s Third Party Risk Management Policy, and Third Party Practice Standard. The TPMO is the first line of defense for third party risk.
- Assist in strategy and design decisions
- Periodically review program-related artifacts, risk methodologies, service categories, and associated risk profiles
- Track program throughput through planning, IRQs, DDQs, ongoing monitoring, contracting, and termination
- Manage inventory review, open issues, and open risk acceptance review and tracking
- Engage with risk domain SMEs, vendors, and vendor relationship managers
- Provide program performance updates, risk issue escalations, and regulatory reviews
- Participate in cross-functional teams for Third Party program requirements