Senior Consultant, Third Party Risk Management

About the role

Involved in the Third-Party Risk governance framework in the 1st Line of Defence, with oversight and reporting to enterprise leadership on related risk and control profile, issues / incidents and any relevant emerging risks.

Responsibilities

• Works with Vendor Managers to ensure that Third Party Risk policies and guidelines are adhered to, and provide actionable support and guidance to the Business.
• Escalates any concerning trends to Senior Management.
• Assists in review of internal and external Third-Party Risk related events and issues, to ensure that the root cause is adequately identified and remediation actions are fit for purpose.
• Works to ensure appropriate oversight / governance of intra-group arrangements is in place, and changes to business models are accurately reflected in applicable group documentation. This may include liaising (as needed) with Legal Entity Outsourcing Managers.
• Supports Third Party Risk awareness and risk management culture in order to ensure that the material risks are both evident and effectively managed.
• Exercises judgment based on the analysis of multiple sources of information.
• May lead small to medium size projects with manageable risks and resource requirements.
• Acts as a resource for colleagues with less experience.

Requirements

• Strong understanding of Third-Party Risk management principles, including experience with policy development, control definition, and application of controls in the business.
• Strong knowledge of Third-Party Risk control environment.
• Strong knowledge of corporate risk policies and standards.
• Strong working knowledge of technologies relevant to responsibilities.
• Strong analytical skills including the use of relevant Tools such as Power BI.
• Strong collaboration and communication skills.

Qualifications

• Knowledge of key business drivers and the factors that maximize department performance.
• Experience in roles working in Third Party risk related topics.
• Management Experience preferred.

Skills

• Ability to drive to execution.

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.

Pay

Salary range is a good faith estimate of base pay. $95,600 - 162,400 USD.

Schedule

Northern Trust provides a flexible work culture.