Intercompany Agreements - Program Specialist

Northern Trust; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a dedicated Intercompany Arrangement Program Specialist to enhance their third-party risk management processes. This role involves collaborating with various business units globally to ensure compliance with evolving regulatory guidelines. The ideal candidate will possess strong analytical and communication skills, along with a background in financial services or risk consulting. Join a dynamic team that values flexibility and innovation while making a significant impact in the financial sector. This is a unique opportunity to contribute to a company that prioritizes community engagement and sustainable practices.

Qualifications

• Several years of experience in financial services/internal audit/risk consulting.
• Thorough understanding of third-party risk management.

Responsibilities

• Design and manage third-party risk management intercompany processes.
• Monitor regulatory updates and provide guidance on impacts.

Skills

Verbal and written communication skills

Analytical skills

Leadership skills

Organizational skills

Attention to detail

Time management

Interpersonal skills

Flexibility and adaptability

Education

Bachelor's degree in Accounting, Finance or Risk

Graduate degree in relevant field

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

PowerBI

Job description

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.

Role/Department

Regulatory guidelines for financial institutions have increased the requirements and responsibilities associated with outsourcing services to affiliates and third parties. The Intercompany Arrangement (ICA) Program Specialist, who reports to the Head of Service Governance Office, will be responsible for ensuring that all frameworks, standards and guidelines associated with ICAs are fit for purpose and meet regulatory guidelines. The Program Specialist will be responsible for designing, implementing, and ensuring sustainability for the intercompany program lifecycle areas.

This role will interact with business units and legal entities globally to assist with implementation of processes while overseeing sustainability. The role will involve working with on-going program evolution and design, as well as, overseeing collaboration across locations and across business units / functions as we look to evolve established programs to ensure risk management obligations.

Key Responsibilities:

• Responsible for design of enterprise-wide third party risk management intercompany processes and managing through sustainability and maturity.
• Responsible for designing and periodically reviewing program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc.
• Enhancements of program documentation including development, periodic review, version control and organized storage for various program documents including training materials, desk procedures, etc.
• Ensures the program provides the flexibility and adaptability to support all jurisdictions and local regulatory requirements
• Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment
• Responsible for managing, designing, and enhancing program activities

Success candidates will benefit from having:

• Excellent verbal and written communication skills
• Functional/Industry knowledge is required
• Knowledge of intercompany third-party risk framework and controls
• Analytical and communication skills are required to analyze information and disseminate information
• Leadership and organizational skills to direct the activities for the multiple business units
• Ability to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes
• Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities
• Strong organizational skills, a collaborative approach to work, with strong interpersonal skills
• Demonstrates strong analytical skills with the ability to generate complex reports
• Highly flexible and adaptable to change in a high demand environment
• Proficiency in Microsoft Word, Excel, PowerPoint as well as data analytic tools including PowerBI

Qualifications:

• Bachelor's degree and approximately several years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting preferred
• An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferred
• A thorough understanding of third-party risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting
• Understanding of global risk regulatory requirements

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 [e-mail].

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.

For further information, and to apply, please visit our website via the “Apply” button below.