Associate Consultant, Third Party Risk Management

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.    

Summary 

This individual will be responsible for providing  operational support for the Vendor Management Program by facilitating, developing an contributing to effective vendor management for a portfolio of vendors at Northern Trust. This role will interact with vendor managers as well as other internal teams involved in the TPRM (Third Party Risk Management) program in activities such as formulating goals, objectives, and timelines; collaborating with management to understand requirements; and analyzing market and industry conditions. 
Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires working knowledge and experience in own job discipline. Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction.

The key responsibilities of the role include: 

Major Duties

• Responsible for performing ongoing monitoring activities for HR vendors for an assigned region to ensure compliance with the requirements of the NT TPRM (Third Party Risk Management) program
• Facilitate meetings with assigned region vendor managers on all aspects of the TPRM program and consult on required templates/documents
• Track, follow up, and monitor timely completion of the required TPRM documents by regional BU vendor managers
• Conduct periodic training sessions to assigned region BU vendor managers on the requirements and changes to the NT TPRM program
• Perform Quality Control/Audits (QC/A) and activities required for review & approval by either internal to the team or by the TPRM program
• Assist with resolving regional escalated issues and monitor timely resolution by BU vendor managers
• Perform reporting to BU Senior Management and other NT internal groups on the status, issues and risks of the program for the assigned region.
• Solves problems in straightforward situations
• Analyzes possible solutions using technical experience and judgment and precedents
• Impacts quality of own work and the work of others on the team
• Works within guidelines and policies

Knowledge/Skills

• Strong organizational and project management skills
• Demonstrates strong analytical skills with the ability to generate complex reports on a regular and ad hoc basis
• Excellent verbal and written communication skills with well-developed interpersonal skills
• Highly flexible and adaptable to change in a high demand environment
• Proficiency in Microsoft Word, Excel, PowerPoint as well as data analytic tools including PowerBI
• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations

Experience  Required

• A College/University degree in Supply Chain, Finance or Risk and/or other appropriate academic major is preferred,  or the equivalent 3-5 years of  procurement operations/buyer/customer service experience; experience with a public accounting firm and/or a supplier management / vendor management environment is preferred.
• Provides informal guidance to new team members

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.

For further information, and to apply, please visit our website via the “Apply” button below.