Global Head of Third Party Risk Management

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.
We are searching for a Global Head of Third Party Risk Management.
This strategic role will be responsible for the leadership of Third-Party Risk Management at Northern Trust. This leader will be responsible for developing and implementing the third-party risk strategy as well as managing the operations of the team. This individual will partner with members of Northern Trust leadership, global risk program owners, and key stakeholders in our supply chain to ensure that the program and management of risk are effectively created, monitored and cultivated to achieve business objectives.
The Global Head also serves as a seasoned thought leader and subject matter expert that has a strong understanding of risk management, including third-party risk management processes and activities, within the financial services industry. The person performing this position will be responsible leading the team, ensuring partners across Northern Trust into the overall vision, and will be responsible for the overall success of the team.
The role will involve extensive process redevelopment and redesign, as well as, significant stakeholder management and collaboration across locations and across business units/ functions as we look to evolve established programs to clearly support business partners in the fulfilment of their risk management obligations while also addressing the existing and imminent cross jurisdictional regulations and regulatory expectations.
In addition, the Manager will advise senior management on opportunities to enhance the design and operating effectiveness of the internal control environment for Northern Trust's risk management practices.
The key responsibilities of the role include:
• Providing strategic thought leadership in designing and operationalizing the third-party risk management program
• Participate and draft board of directors materials, both at the legal entity and corporate levels, to provide insight to board members on the key risks and themes identified
• Interact with global regulators to articulate Risk Management's view, and ongoing program and assessment of business processes and activities.
• Maintains familiarization and technical expertise across the firm including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas
• Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment and how to adjust corporate programs to support.
• Interacts, partners and presents to Senior and Executive Management to understand the risks/challenges within the business, business changes and other significant events that could significantly affect the firm or adherence to regulatory requirements and risk appetite
• Manages and performs special projects as assigned
• Participates in meetings with business units, Senior, and Executive Management to discuss program implementation and risk insights
• Communicates with partners at all levels, developing and presenting recommendations on operations and controls
• Represents Risk Management or Steering Committees and/or Working Groups
• Drive and support change in the Non-Financial Risk team in line with the vision and strategy
The successful candidate will benefit from having:
• A College or University degree is preferred. Relevant work experience (10+ years) preferably in Risk Management, Audit, or equivalent related experience in operations, or third-party risk management is strongly preferred
• Excellent verbal and written communication skills
• In-depth Functional/Industry Knowledge is required
• Ability to execute risk management strategy development to provide long term planning and managing ongoing risk performance
• Analytical and communication skills are required to analyze information and disseminate information
• Leadership and organizational skills to direct the activities for the multiple business units
• Ability to foster positive and proactive approach to process assessment and improvement and to identify trends and improve processes for both the customer and the business
• Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities
• Ability to make independent decisions and also to be a team player and effective communicator to ensure that issues are appropriately resolved
• Confidence and expertise to advise management and the business
• Ability to use initiative and work unsupervised in a proactive manner
• Strong organizational skills, a collaborative approach to work, with strong interpersonal skills
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 [email protected].
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.
#LI-LK2, #hybrid