Third Party Risk Assessment Coordinator

2 weeks ago


Tempe, Arizona, United States Northern Trust Corporation Full time

About Us:

Northern Trust Corporation is a prestigious financial institution with a rich history dating back to 1889. We pride ourselves on delivering exceptional financial services to a diverse clientele, including individuals, families, and institutions across the globe. With over 130 years of expertise and a dedicated workforce of more than 22,000 professionals, we leverage advanced technology and unparalleled service to meet the unique needs of our clients.

Role Overview:

Join our dynamic team within the Third Party Management Office (TPMO), where you will be instrumental in evaluating contracts and managing associated risks. Your contributions will be vital in executing and supervising essential global strategic sourcing and procurement initiatives, working in close collaboration with various business units and the Procurement team.

Key Responsibilities:

  • Engage with strategic sourcing leaders, business stakeholders, and suppliers to pinpoint service/product requirements and evaluate risks.
  • Maintain ongoing oversight of service/product modifications throughout contract discussions.
  • Lead initiatives in risk contracting and advocate for enhancements in global policies.
  • Ensure adherence to regulatory and compliance standards.
  • Assist in the presentation of TPMO/Procurement performance metrics.
  • Foster relationships with key stakeholders, provide education on policies, and address related challenges.
  • Collaborate on the automation of program evaluations and the advancement of risk methodologies and reporting.

Ideal Candidate Profile:

  • Strong communication abilities.
  • Experience in contract review and risk assessment.
  • Excellent analytical and organizational capabilities.
  • Proven ability to drive process enhancements and manage multiple tasks effectively.
  • Proficient in Microsoft Word, Excel, PowerPoint, Visio, and data analysis tools.

Qualifications:

  • A Bachelor's degree accompanied by 2-5 years of relevant experience in financial services, internal audit, or risk consulting.
  • Preferred educational background in Accounting, Finance, or Risk Management.
  • Familiarity with third-party risk management and global regulatory frameworks.


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