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    Third Party Management Risk Contracting Support - Tempe, United States - Northern Trust Corporation

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    Full time
    Description

    About Working with Us:

    Welcome to Northern Trust, a long-standing financial institution with a solid reputation and a presence in the industry since 1889. Our commitment to providing top-notch financial services to individuals, families, and institutions worldwide has been unwavering. With over 130 years of financial expertise and a dedicated team of over 22,000 partners, we cater to the needs of the most discerning clients using cutting-edge technology and exceptional service.

    Be part of our team responsible for reviewing contracts and assessing risk within the Third Party Management Office (TPMO). You'll play a crucial role in implementing and overseeing critical global strategic sourcing and procurement projects, collaborating closely with business units and the Procurement team.

    Key Responsibilities:

    • Collaborate with strategic sourcing leads, business partners, and suppliers to identify service/product requests and assess risk.
    • Provide continuous oversight of service/product changes during contract negotiations.
    • Lead risk contracting projects and influence global policy improvements.
    • Manage regulatory and compliance requirements.
    • Support TPMO/Procurement performance metrics presentations.
    • Establish relationships with key partners, educate on policies, and resolve related issues.
    • Collaborate on automating program reviews and enhancing risk methodologies and reporting.

    Successful candidates should have:

    • Excellent communication skills.
    • Experience in contracting review and risk analysis.
    • Analytical and organizational skills.
    • Ability to lead process improvements and handle multiple priorities.
    • Proficiency in Microsoft Word, Excel, PowerPoint, Visio, and data analytic tools.

    Qualifications:

    • Bachelor's degree with 2-5 years of related experience in financial services/internal audit/risk consulting.
    • Preferably a degree in Accounting, Finance, or Risk.
    • Understanding of third-party risk management and global regulatory requirements.


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