Consultant, Third Party Risk Management

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.

Improve visibility to Technology Third Party Risks, trends/metrics, and oversight of our Technology Third Party relationships. The successful candidate will possess exceptional written and oral communication skills while balancing details of risk requirements to ensure appropriate classification and risk mitigation for the Technology supplier portfolio.

Responsibilities:

• Assisting and guiding business partners through various stages of third party lifecycle to ensure timely and quality program execution.
• Leading and coordinating TPRM program initiative in partnership with local APAC support
• Supporting ongoing monitoring outreach for required scorecards and business reviews; ensure SLAs are met and quantity exceptions.
• Leading structured quality reviews of ongoing monitoring artifacts to ensure key risks are quantified and socialized.
• Escalating vendor risks, contractual failures, and performance trends.
• Support Third Party Risk Management program expectations by partnering with engagement and relationship managers across the Technology team.
• Support planning and due diligence activities including risk assessments, due diligence escalations, issue resolution, and temporary risks exceptions; ensure SLAs are met.
• Support the alignment of contracts to engagements, ensuring the statuses are updated for all Technology related engagements.
• Support data integrity efforts across the TPRM program; develop and distribute weekly/monthly exception reporting to enable improved SLAs.
• Identify opportunities for enhancing vendor relationships or improving efficiencies across Technology.
• Support engagement manager with the completion of offboarding checklists; Ensure SLAs are met.

Knowledge/Skills:

• Attention to detail
• Proven record managing Third Parties
• Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding
• Experience with tools such as Coupa, ServiceNow, Microsoft Office Products
• 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 interpersonal, written, and verbal communication skills
• Strong grasp of interpreting and manipulating data using Microsoft products
• Independently drive project deliverables and outcomes
• Eagerness to learn and engage with NT partners

Experience:

• Prior experience with Third Party Risk Management concepts and risk management fundamentals
• Prior experience with Technology vendors preferred but not required
• Prior experience working for a regulated financial institution
• Industry TPRM related certification preferred but not required

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! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a 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 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 [email protected].

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.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.