Senior Consultant, Ongoing Monitoring, Alerts & Triggers - Third Party Risk Management

Northern Trust
United States
Workplace: OnsiteFull timeFunction: Consulting & AdvisoryEducation: bachelorsSkills: ["Organizational skills","Influencing across teams","Writing","Communication","Analytical problem-solving"]

Own ongoing monitoring and risk-trigger processes for third-party engagements, including designing and reviewing risk reporting and aggregation, creating and syndicating risk metrics, reports, dashboards, alerts, and triaging/escalating risks. Manage program throughput across the third-party lifecycle elements, track milestones and open risks, guide business partners on quality execution, and drive continuous improvements (including workflow automation) while maintaining control evidence and regulatory-ready documentation.

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FursaFursa
Northern Trust
Northern Trust
1 week ago

Senior Consultant, Ongoing Monitoring, Alerts & Triggers - Third Party Risk Management

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Source: Company careers pageValidated by: Fursa AI
Last checked: 8 hours agoStatus: Live

Job Summary

Own ongoing monitoring and risk-trigger processes for third-party engagements, including designing and reviewing risk reporting and aggregation, creating and syndicating risk metrics, reports, dashboards, alerts, and triaging/escalating risks. Manage program throughput across the third-party lifecycle elements, track milestones and open risks, guide business partners on quality execution, and drive continuous improvements (including workflow automation) while maintaining control evidence and regulatory-ready documentation.
Location: United States
Workplace: Onsite
Employment Type: Full time
Job Function: Consulting & Advisory
Seniority: Mid level

Key Responsibilities

  • •Track third-party program throughput across lifecycle elements including Planning, IRQs, DDQs, Ongoing Monitoring, Contracting, and Termination, plus periodic inventory review and open risk acceptance review.
  • •Create, review, and execute risk metrics, reports, dashboards, alerts, and alert triage/escalation to support Ongoing Monitoring, risk reporting & aggregation, and risk triggers.
  • •Design and periodically review program artifacts, risk methodologies, service categories, risk profiles, and reporting thresholds.
  • •Guide business partners through third-party lifecycle stages to ensure quality program execution and maintain documentation/evidence of controls and remediations.
  • •Drive continuous improvement across the TPRM lifecycle and participate in automation/streamlining projects (e.g., using Coupa tools or workflow automation).

Key Requirements

  • •Bachelor's degree with approximately 10 years of related work experience with clear understanding of the Three Lines of Defense model.
  • •Expertise in third-party risk management, including designing program solutions, risk scoring/aggregation methodologies, and committee reporting.
  • •Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA).
  • •Experience managing vendor risk and/or leading large-scale risk or compliance initiatives.
  • •A TPRM-related certification such as CTPRP or CTPRA.
Experience:Risk managementThird-party riskCompliance
Education:Bachelor's
Skills:Organizational skillsInfluencing across teamsWritingCommunicationAnalytical problem-solving
Certifications:CTPRPCTPRA
Tech Stack:CoupaServiceNowCybetaInteros

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