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
- 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.
- Develops and cultivates strong relationships with assigned vendors and internal stakeholders.
- Ensure contractual terms, including risk, compliance, and resiliency provisions, are maintained, and enforced with third parties.
- Ensure timely completion of third-party risk assessments, periodic reviews, and issue remediation.
- Facilitate senior management or committee reporting on the third party, including performance against SLAs, material issues, concentration risk, exit strategies.
- Drives and supports proactive issue identification, mitigation, reporting and remediation by engaging internal stakeholders and third parties.
- Maintain strong documentation and evidence of controls, risk decisions, and remediations.
- Track milestones, dependencies, and deliverables across projects and/or an assigned portfolio of relationships.
- Rationalize supplier redundancy across the enterprise.
- Accountable for assisting and guiding business partners through various stages of third party lifecycle to ensure quality program execution.
- Use dashboards and key risk indicators (KRIs) to monitor third-party risk posture and performance and determine areas of focus.
- Performs ad-hoc business and operational data analytics to support management decision making, identify insights and make recommendations on a broad range of business initiatives.
Skills/Knowledge:
- Strong consultative skills ranging from structured problem solving, identifying and gathering relevant data, solution and business case development, influencing and communicating the risk posture of third parties.
- 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 3rd 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.
- 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 Vendor Management oversight practice.
- 10 years of experience as a Third Party Relationship Manager for large complex services providers that span multiple line of business.
Salary Range:
$95,600 - 162,400 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Undergraduate degree in Risk or Finance or other appropriate major OR 10 years of experience in Third Party Risk Management at a regulated financial institution.
- 10 years of experience as a Third Party Relationship Manager for large, complex service providers spanning multiple lines of business.
- Demonstrated hands-on experience in vendor management oversight practices with vendors/clients at large financial institutions.
- Strong consultative skills: structured problem solving, data gathering, solution and business case development, influencing stakeholders.
- Outstanding written and verbal communication skills, including preparing presentation materials and presenting to executive audiences.
- Strong understanding of third-party regulatory requirements and risk treatment exercises.
- Proven project management experience leading projects in a highly matrixed, agile organization.
- Data visualization skills using Tableau, Power BI or equivalent tools.
- Ability to maintain documentation and evidence of controls, risk decisions, remediations, and track milestones and deliverables across portfolios.
- Global outlook with sensitivity to social and cultural differences and flexibility with start/end dates to work across time zones.
- Authorization to work in the U.S. without the need for employment-based visa sponsorship (no sponsorship available).
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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