Senior Consultant, 4th Party Risk - Third Party Risk Management

Responsibilities

• Execute the third-party risk management framework, focusing on the integration of 4th party vendor risks into existing program processes.
• Track program throughput across the lifecycle, including planning, due diligence, ongoing monitoring, contracting, and termination.
• Design and periodically review program artifacts, risk methodologies, service categories, and reporting thresholds.
• Identify gaps and drive continuous improvement across the TPRM lifecycle, including onboarding and offboarding.
• Assist and guide business partners through various stages of the third-party lifecycle to ensure high-quality program execution.
• Use dashboards and key risk indicators (KRIs) to monitor risk posture and report progress to risk committees and regulators.
• Engage with risk domain SMEs, vendors, and 2nd Line of Defense (2LOD) partners to provide necessary input for regulatory deliverables.

Requirements

• Bachelor's degree and approximately 10 years of related work experience.
• Deep expertise in the Three Lines of Defense model.
• Thorough understanding of third-party risk management, including risk scoring and aggregation methodologies.
• Knowledge of US (OCC, FFIEC, FRB, FDIC) or UK (PRA, FCA) risk regulations.
• Professional TPRM certification, such as CTPRP or CTPRA.
• Proven track record managing vendor risk or leading large-scale compliance initiatives.

Preferred Qualifications

• Experience using industry tools such as Coupa, ServiceNow, Cybeta, or Interos.
• Strong analytical, problem-solving, and presentation skills.
• Ability to influence stakeholders across multiple business units and teams.

About the Company

Northern Trust is a Fortune 500, globally recognized financial institution that has been in continuous operation since 1889. We provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions through our enduring principles of service, expertise, and integrity.