Senior Consultant, Third Party Risk Management

Northern Trust
Chicago
Workplace: OnsiteFull timeUSD 95,600 - 162,400Function: Consulting & AdvisoryExperience: 10+ yearsEducation: bachelorsSkills: ["Consultative problem solving","Communication","Executive communication","Relationship building","Project management","Adaptability","Prioritization"]

Own and manage Northern Trust’s third-party risk across engagements and business units. Maintain a holistic view of vendor performance and risk posture, ensuring contractual risk, compliance, and resiliency terms are enforced. Lead third-party risk assessments, reviews, issue remediation, and senior reporting on SLAs, concentration risk, and exit strategies. Track milestones with dashboards and KRIs, rationalize supplier redundancy, and support analytics and recommendations using tools like Tableau or Power BI.

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FursaFursa
Northern Trust
Northern Trust
4 hours ago

Senior Consultant, Third Party Risk Management

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Last checked: 4 hours agoStatus: Live

Job Summary

Own and manage Northern Trust’s third-party risk across engagements and business units. Maintain a holistic view of vendor performance and risk posture, ensuring contractual risk, compliance, and resiliency terms are enforced. Lead third-party risk assessments, reviews, issue remediation, and senior reporting on SLAs, concentration risk, and exit strategies. Track milestones with dashboards and KRIs, rationalize supplier redundancy, and support analytics and recommendations using tools like Tableau or Power BI.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Consulting & Advisory
Seniority: Mid level

Key Responsibilities

  • •Serve as the central owner for third parties across engagements and business units.
  • •Maintain a holistic view of third-party performance, risk posture, and concentration of exposure.
  • •Ensure contractual terms (risk, compliance, resiliency) are maintained and enforced with third parties.
  • •Drive timely completion of third-party risk assessments, periodic reviews, and issue remediation.
  • •Support reporting on performance against SLAs, material issues, concentration risk, and exit strategies, using dashboards and KRIs.

Pay and Benefits

Salary: USD 95,600 - 162,400
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveCaregiver LeaveLife InsuranceDisability

Key Requirements

  • •Undergraduate degree in Risk or Finance (or other appropriate major) or 10 years of Third Party Risk Management experience at a regulated financial institution.
  • •10 years of experience as a Third Party Relationship Manager for large, complex services providers spanning multiple line of business.
  • •Demonstrated hands-on vendor/client experience in other large financial institutions within a Vendor Management oversight practice.
  • •Strong understanding of third-party regulatory requirements and risk treatment exercises.
  • •Strong project management skills leading projects in a highly matrixed agile organization.
Experience:10+ yearsThird-party risk managementRegulated financial institutionVendor managementVendor oversightFinancial services
Education:Bachelor's in Risk or Finance (or other appropriate academic major)
Skills:Consultative problem solvingCommunicationExecutive communicationRelationship buildingProject managementAdaptabilityPrioritization
Tech Stack:TableauPower BI

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
Glassdoor
Glassdoor: 3.9
WebsiteLinkedIn