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

Responsibilities

• Lead the design and execution of ongoing monitoring, risk reporting, and risk trigger processes within the Third Party Risk Management (TPRM) program.
• Create, review, and syndicate risk metrics, dashboards, alerts, and triage processes related to third-party engagements.
• Design and periodically review program artifacts, risk methodologies, service categories, and reporting thresholds.
• Track program throughput across the lifecycle, including planning, due diligence, contracting, and termination.
• Identify gaps and drive continuous improvement through automation and process streamlining.
• Partner with business units and the 2nd Line of Defense (2LOD) to ensure quality program execution and regulatory compliance.
• Maintain robust documentation of controls, risk decisions, and remediations.

Requirements

• Bachelor's degree and approximately 10 years of related work experience.
• Deep expertise in the Three Lines of Defense (3LOD) model.
• Extensive experience in Third-Party Risk Management (TPRM), including risk scoring and aggregation methodologies.
• Strong knowledge of global risk regulatory requirements (e.g., US OCC, FFIEC, FRB, FDIC or UK PRA, FCA).
• Proven track record of managing vendor risk or leading large-scale compliance initiatives.
• Professional TPRM certification such as CTPRP or CTPRA.

Preferred Qualifications

• Experience using risk management tools such as Coupa, ServiceNow, Cybeta, or Interos.
• Strong analytical, problem-solving, and presentation skills.
• Ability to influence stakeholders across multiple business units and global 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, driven by our enduring principles of service, expertise, and integrity.