Third Party Management Program Design Lead at Northern Trust

Chicago, Illinois, United States

Northern Trust Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

  • Financial Services Knowledge (Required)
  • Excellent verbal and written communication skills
  • Knowledge of concentration risk frameworks (beneficial)
  • Understanding of regulatory updates and their impact on third-party programs

Responsibilities

  • Design and implement enterprise-wide third-party risk management processes
  • Develop, review, and maintain program documentation, including standards, training materials, and desk procedures
  • Periodically review and enhance program-related artifacts, risk methodologies, and service categories
  • Monitor regulatory updates and ensure the program adapts to changes in the regulatory environment
  • Serve as the TPM Program Subject Matter Expert for technology enablement
  • Manage and oversee intercompany risk outsourcing activities
  • Conduct ongoing monitoring of third-party relationships
  • Focus on 4th party risk management
  • Design and implement training and change management processes
  • Contribute to the design and strategy of third-party management processes
  • Collaborate with business units globally to implement processes and ensure program sustainability

Skills

Third-Party Risk Management
Program Design
Risk Frameworks
Regulatory Compliance
Program Documentation
Financial Services
Communication Skills
Concentration Risk
Risk Methodologies

Northern Trust

About Northern Trust

N/AHeadquarters
N/AYear Founded
N/ACompany Stage

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