Senior Consultant, Third Party Risk Management

Northern Trust; Chicago (IL); Sur place; USD 83 100 - 141 300; Plein temps

Résumé du poste

Northern Trust is seeking a Senior Consultant for Third Party Risk Management in Chicago, Illinois. The role involves central ownership of third-party relationships, ensuring compliance with regulations, and supporting risk assessments across all business units. Candidates should have a degree in Risk or Finance and at least 10 years of experience in third-party risk management. Strong analytical skills, outstanding communication, and project management abilities are essential. Salary range is $83,100 to $141,300 USD.

Qualifications

• 10 years of experience in third-party risk management at a regulated financial institution.
• Hands-on experience working with vendors/clients in large financial institutions.
• Experience leading small cross-functional teams or projects.

Responsabilités

• Own third-party risk management across all engagements and business units.
• Ensure timely completion of third-party risk assessments.
• Facilitate senior management reporting on third-party performance.

Connaissances

Strong consultative skills

Outstanding communication skills

Understanding of third-party regulatory requirements

Project management skills

Advanced analytical skills

Data visualization skills

Formation

Undergraduate degree in Risk or Finance

Outils

Excel

Tableau

Power BI

Description du poste

Senior Consultant, Third Party Risk Management Relationship Management

Work Location can be Tempe, Arizona or Chicago, Illinois.

Major Duties

• Serve as the institution's central owner for the third party across all engagements and business units.
• Maintain a holistic view of the third party's performance, risk posture, and concentration of exposure to the institution (Master Service Agreement (MSA) criteria) and help rationalize supplier redundancy across the enterprise.
• Coordinate across Engagement Managers to ensure consistent treatment of the third party in line with enterprise standards and risk appetite.
• Ensure timely completion of third‑party risk assessments, periodic reviews, and issue remediation.
• Act as the escalation point for significant performance, compliance, or risk issues.
• Facilitate senior management or committee reporting on the third party, including material issues, concentration risk, exit strategies and enterprise critical responsibilities.
• Ensure contractual terms, including risk, compliance, and resiliency provisions, are maintained and enforced with third parties.
• Drive and support proactive issue identification, mitigation, reporting and remediation by engaging internal stakeholders and third parties.
• Lead discussions and coach assigned engagement managers within the broader business on TPRM program requirements to ensure compliance with regulatory and business requirements.
• Develop and cultivate strong relationships with assigned vendors and internal stakeholders.
• Drive and support implementation of automated controls and reporting to mitigate third party risk.
• Perform ad‑hoc business and operational data analytics to support management decision making, identify insights, and make recommendations on a broad range of business initiatives.

Knowledge

• Strong consultative skills ranging from structured problem solving, identifying and gathering relevant data, solution and business case development, influencing and communicating the story.
• Outstanding communication skills, both written and verbal, with demonstrated ability to develop presentation materials and effectively present to and persuade executive audiences.
• Strong understanding of third‑party regulatory requirements and risk treatment exercises.
• Intellectually curious with the ability to roll up the sleeves to drive change and business outcomes.
• Strong project management skills with experience leading projects in a highly matrixed agile organization.
• Advanced analytical and financial modeling skills using Excel, with ability to organize, structure and process moderate to large sets of data efficiently and effectively into meaningful and actionable insights.
• Data visualization skills using Tableau, Power BI or equivalent tools is highly desirable.
• Highly flexible, adaptable to change and comfortable in a dynamic and fast‑paced work environment.
• Excellent prioritization skills and comfort dealing with ambiguity.
• Ability to be flexible with start and end dates as we will work across the globe.
• Global outlook with sensitivity and awareness of social and cultural differences.

Experience

• An undergraduate degree in Risk or Finance and/or other appropriate academic major or 10 years of experience in third‑party risk management at a regulated financial institution.
• Demonstrated hands‑on experience working with vendors/clients in other large financial institutions in a third‑party risk/vendor management oversight practice.
• 10 years of experience as a third‑party relationship manager for large complex services providers that span multiple lines of business.
• Experience leading small cross‑functional teams or projects with moderate risk and/or complexity.

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].

Salary Range: $83,100 - 141,300 USD