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.
- Manage TPMO participation in applicable Corporate Risk Management processes, including risk and control assessments, issue management, operational risk events, control governance, and related risk activities.
- Coordinate the implementation of Corporate Risk Management requirements within TPM processes, documentation, responsibilities, and reporting routines.
- Maintain the TPMO calendar of required risk activities, assessments, governance reviews, reporting, and deliverables.
- Coordinate inputs from TPMO process owners and subject matter experts to support timely and accurate completion of risk management obligations.
- Maintain a consolidated view of TPMO risks, controls, issues, action plans, operational risk events, and related governance commitments.
- Incorporate Corporate Risk Management information into established TPMO reporting, including key themes, emerging risks, overdue activities, and matters requiring leadership attention.
- Facilitate TPMO risk governance routines, including preparation of materials, documentation of decisions, assignment of actions, and monitoring of commitments.
- Support the identification, documentation, escalation, and reporting of risks, issues, control gaps, and operational risk events in accordance with enterprise requirements.
- Maintain governance documentation and supporting evidence to demonstrate completion of TPMO’s Corporate Risk Management responsibilities.
- Identify dependencies, recurring themes, and reporting gaps across TPMO risk activities and escalate them through established governance channels.
- Provide guidance to TPMO partners regarding Corporate Risk Management processes, documentation expectations, required timelines, and reporting obligations.
- Support enhancements to TPMO governance procedures, reporting processes, roles, and supporting documentation.
- Assist TPMO leadership with governance materials and risk information for management discussions and applicable forums.
- Leads in the Third-Party Risk governance framework in the 1st Line of Defence, with oversight and reporting to enterprise leadership on related risk and control profile, issues / incidents and any relevant emerging risks
- Works with Vendor Managers to ensure that Third Party Risk policies and guidelines are adhered to, and provide actionable support and guidance to the Business
- Escalates any concerning trends to Senior Management. This may include (but not limited to) oversight and monitoring of emerging risks, weaknesses in controls and material change programs, deterioration in service / performance standards, and provide guidance on mitigating actions
- Assists in review of internal and external Third-Party Risk related events and issues, to ensure that the root cause is adequately identified and remediation actions are fit for purpose
- Works to ensure appropriate oversight / governance of intra-group arrangements is in place, and changes to business models are accurately reflected in applicable group documentation. This may include liaising (as needed) with Legal Entity Outsourcing Managers
- Assists in the support of local regulatory and audit engagements pertaining to Third Party Risk; this includes supporting remediation activities
- Supports Third Party Risk awareness and risk management culture in order to ensure that the material risks are both evident and effectively managed
- Exercises judgment based on the analysis of multiple sources of information
- Able to lead cross functional or complex projects with manageable risks and resource requirements
- Acts as a subject matter expert for all team members, substitutes for manager when required
Knowledge:
- Bachelor’s degree in Business, Finance, Risk Management, or a related field.
- Approximately 7+ years of relevant experience in Corporate Risk Management, Enterprise Risk Management, Operational Risk, risk governance, internal controls, audit, compliance, or a related discipline.
- Practical experience applying Corporate Risk Management requirements within a first-line business function or in partnership with first-line teams.
- Experience coordinating risk governance processes such as risk and control assessments, issue management, operational risk events, control inventories, risk reporting, or audit activities.
- Strong understanding of enterprise risk frameworks, control environments, issue management, and governance requirements.
- Ability to translate risk management requirements into practical processes, documentation, defined responsibilities, and reporting.
- Experience preparing risk and governance information for leadership or governance forums.
- Proven ability to coordinate complex deliverables across multiple stakeholders without direct authority.
- Strong analytical and organizational skills, with the ability to connect information across risks, controls, issues, audit matters, and operational activities.
- Strong written and verbal communication skills, including the ability to present complex risk information clearly and concisely.
- Ability to exercise independent judgment while operating within an established functional framework and escalation structure.
- Strong understanding of Third-Party Risk management principles, including experience with policy development, control definition, and application of controls in the business
- Strong knowledge of Third-Party Risk control environment
- Strong knowledge of corporate risk policies and standards
- Strong working knowledge of technologies relevant to responsibilities
- Strong analytical skills including the use of relevant Tools such as Power BI
- Strong collaboration and communication skills
- Ability to drive to execution
- Applies knowledge of key business drivers and the factors that maximize department performance
Experience:
- Experience within Third-Party Risk Management, Procurement, financial services, or another regulated environment.
- Experience working within, or closely with, a Corporate Risk Management or Operational Risk Management function.
- Knowledge of first-line responsibilities within enterprise risk management frameworks.
- Familiarity with financial services regulatory expectations.
- Experience with governance, risk, and compliance platforms or enterprise risk systems.
- Professional certification such as CRMA, CIA, CISA, CRCM, FRM, or an equivalent risk-related credential is preferred.
- A College or University degree and/or relevant proven work experience is required
- 5-7 years of related experience in roles working in Third Party risk related topics
Salary Range:
$114,700 - 194,900 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
- Bachelor's degree in Business, Finance, Risk Management, or a related field, or equivalent relevant work experience
- Approximately 7 or more years of relevant experience in corporate risk management, enterprise risk management, operational risk, risk governance, internal controls, audit, compliance, or a related discipline
- 5–7 years of experience working in third-party risk-related topics
- Experience applying corporate risk management requirements within a first-line business function or partnering with first-line teams
- Experience coordinating risk governance processes, including risk and control assessments, issue management, operational risk events, control inventories, risk reporting, or audit activities
- Strong understanding of enterprise risk frameworks, control environments, issue management, and governance requirements
- Experience translating risk management requirements into practical processes, documentation, responsibilities, and reporting
- Experience preparing risk and governance information for leadership or governance forums
- Ability to coordinate complex deliverables across multiple stakeholders without direct authority
- Strong analytical, organizational, written communication, and verbal communication skills
- Strong understanding of third-party risk management principles, policy development, control definition, and business control application
- Strong knowledge of the third-party risk control environment, corporate risk policies, and standards
- Strong working knowledge of technologies relevant to the role, including Power BI and governance, risk, and compliance platforms
- Experience in third-party risk management, procurement, financial services, or another regulated environment
- Experience working within or closely with a corporate risk management or operational risk management function
- Knowledge of first-line responsibilities within enterprise risk management frameworks
- Familiarity with financial services regulatory expectations
- Experience with governance, risk, and compliance platforms or enterprise risk systems
- Professional certification such as CRMA, CIA, CISA, CRCM, FRM, or equivalent risk-related credential
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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