About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Third Party Management Enterprise Critical Vendor Management

The position is for the Third-Party Management Team. This role will be the Enterprise Critical Vendor Manager for our consulting and contingent labor suppliers.

Key Responsibilities:

Supports transformation of Third-Party Management (TPMO) program by partnering with Business, Procurement, Risk, 1st line Controls function and external consultants, including cross communication and change management efforts.

Provides ongoing monitoring and oversight of assigned critical or high priority vendors to ensure that the terms of the contracts are achieved. Includes reporting on adherence to KPIs, SLAs and financial targets.

Leads periodic QA/QC of TPMO deliverables submitted by vendor managers to ensure quality deliverables and compliance against policies.

Drives and supports proactive issue identification, mitigation, reporting and remediation by engaging internal stakeholders and vendors.

Shepherds discussions and coaches assigned vendor managers within the broader business on TPMO program requirements to ensure compliance with regulatory and business requirements.

Develops and cultivates strong relationships with assigned vendors and internal stakeholders.

Drives and supports implementation of automated controls and reporting to mitigate third party risk.

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.

Performs market data spend review by conducting market research, consulting stakeholders and developing a structured approach to identifying and realizing savings opportunities in alignment with priorities.

Supports full lifecycle of market data enablement which is critical to the business – drives entire lifecycle from understanding business needs for market data, identifying alternative vendors, engaging with Procurement, vendors and business to achieve commercially favorable terms, prepare business cases, steering its enablement and supporting governance and reporting.

Strong consultative skills ranging from structured problem solving, identifying and gathering relevant data, solution and business case development, influencing and communicating the story.

Outstanding communication skills, both written and verbal, with demonstrated ability to develop presentation materials and effectively present to and persuade executive audiences.

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.

Advanced analytical and financial modeling skills using Excel, with ability to organize, structure and process moderate to large sets of data efficiently and effectively into meaningful and actionable insights.

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.

Global outlook with sensitivity and awareness of social and cultural differences.

Preferred Skills:

Experience with the Big 4 Consulting Firms

Operational Risk Audit Experience

Management of Contingent Labor and Consulting Suppliers

SharePoint infrastructure and design

Cloud based solutions

Operational Risk Management

IT Risk Management

Qualifications:

An undergraduate or graduate degree in Finance or Risk and/or other appropriate academic major.

Demonstrated hands-on experience working with vendors/clients in other large financial institutions in a Risk/ Vendor Management/Market Data Vendor oversight practice. Experience working with Market Data Vendors in an Asset Management or Asset Servicing organization is highly desired.

2-3 years of experience as a Consultant/ Senior Consultant with a public accounting firm, or particular business/industry experience to meet special needs of vendor manager/ 3rd party oversight.

Experience leading small cross-functional teams or projects with moderate risk and/or complexity.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.