Consultant, Vendor Management

085 Northern Operating Srvs Pvt Ltd; Bengaluru; On-site; INR 900,000 - 1,800,000; Full time

Job summary

Northern Trust in Bangalore is seeking a detail-oriented professional for Third Party Risk Management (TPRM) responsibilities across HR vendors and related services. You will monitor compliance, coordinate across Procurement, Risk and IT, and guide vendor managers through TPRM templates and processes.

The role emphasizes strong analytical reporting, training delivery, and ensuring timely documentation while maintaining high standards of quality and collaboration within a global financial

Qualifications

• College/University degree in Supply Chain, Finance or Risk management preferred or 3–5 years in third-party management, procurement or risk management.
• Experience with HR/Shared Services vendors in financial services industry is preferred.

Responsibilities

• Perform ongoing monitoring activities for HR vendors to ensure compliance with the NT TPRM program.
• Facilitate meetings with vendor managers on TPRM program requirements and templates/documents.
• Coordinate with cross-functional teams (Procurement, Risk, IT) to advise vendor managers on applicable requirements.
• Track and monitor timely completion of TPRM documents by BU vendor managers.
• Conduct periodic training sessions on TPRM program requirements and changes.

Skills

Organizational skills

Analytical skills

Verbal and written communication

Interpersonal skills

Education

University degree in Supply Chain, Finance or Risk Management

Tools

PowerBI

Microsoft Excel

PowerPoint

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties

• Responsible for performing ongoing monitoring activities for HR vendors for an assigned HR/Workplace Services area(s) to ensure compliance with the requirements of the NT TPRM (Third Party Risk Management) program
• Facilitate meetings with assigned vendor managers on all aspects of the TPRM program and consult on required templates/documents
• Coordinates with cross-functional teams including Procurement, Risk, and IT teams to provide guidance to vendor managers to applicable requirements
• Track, follow up, and monitor timely completion of the required TPRM documents by BU vendor managers
• Conduct periodic training sessions to assigned BU vendor managers on the requirements and changes to the NT TPRM program
• Perform Quality Control/Audits (QC/A) and activities required for review & approval by either internal to the team or by the TPRM program
• Assist with resolving regional escalated issues and monitor timely resolution by BU vendor managers
• Perform reporting to BU Senior Management and other NT internal groups on the status, issues and risks of the program for the assigned region.
• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts quality of own work and the work of others on the team
• Works within guidelines and policies

Knowledge

• Strong organizational and project management skills
• Demonstrates strong analytical skills with the ability to generate complex reports on a regular and ad hoc basis
• Excellent verbal and written communication skills with well-developed interpersonal skills
• 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
• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations

Experience

• A College/University degree in Supply Chain, Finance or Risk management and/or other appropriate academic major is preferred, or the equivalent 3-5 years of third-party management, procurement operations, risk management experience; experience with HR/Shared Services vendors in financial services industry is preferred.
• Provides informal guidance to new team members

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.

Looking for greater? You found it.

A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

EEO Statements

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)