Northern Trust · 3 hours ago
Third Party Management Issue and Incident Management Program Lead
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$115K/yr - $195K/yr
5+ years expNorthern Trust is a globally recognized financial institution that has been operating since 1889. The Third Party Management Issue and Incident Management Program Lead will be responsible for leading operational support and strategic development of the Third Party Management Program, ensuring adherence to multi-year plans and collaborating with global business units to implement processes effectively.
BankingFinanceFinancial ServicesWealth Management
Responsibilities
Providing strategic thought leadership in designing and operationalizing third party risk management programs
Responsible for designing certain enterprise-wide third party risk management processes and managing through roll out and maturity
Responsible for designing and periodically reviewing program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc
Responsible for creating gap analysis to identify all potential risks that require the design of risk-mitigating controls
Accountable for program documentation including development, periodic review, version control and organized storage for various program documents such as Third Party Management Practice Standard, training materials, desk procedures, etc
Accountable for the creation of operating models
Accountable for developing training materials, conducting firmwide TPM training and overseeing training performance for the program areas they have designed
Monitor regulatory updates that correspond to the assigned area being designed and provide team with guidance on impact of changes in regulatory environment and how to adjust enterprise-wide program to support
Responsible for review and prioritization of user specifications for technology enablement and process automations
Responsible for managing, designing, and enhancing program activities and mature the program including serving as the TPM Program Subject Matter Expert for technology enablement
Qualification
Required
Bachelor's degree and approximately 5-10 years of related work experience with clear understanding of and experience in financial services / internal audit / risk consulting
In-depth knowledge of the third-party risk management lifecycle activities
Ability to execute risk management strategy development to provide long term planning and managing ongoing risk performance
Experience with supporting and/or leading system implementations
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
Demonstrates strong analytical skills with the ability to generate complex reports
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
Preferred
An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major
A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting
Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)
Benefits
Comprehensive benefits package including retirement benefits (401k and pension)
Health and welfare benefits (medical, dental, vision, spending accounts and disability)
Paid time off
Parental and caregiver leave
Life & accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
2026-01-23
2026-01-22
Company data provided by crunchbase