Global Risk Contracting Professional

1 week ago

Tempe, Arizona, United States Northern Trust Corporation Full time
About Northern Trust Corporation

Northern Trust is a globally recognized, award-winning financial institution with over 130 years of experience. We provide innovative financial services and guidance to the world's most successful individuals, families, and institutions.

We are proud to offer a collaborative work culture, flexible work arrangements, and opportunities for growth and development.

Job Summary

This position will be responsible for reviewing contracts and identifying risk assessment requirements within the Third Party Management Office (TPMO). The successful candidate will assist in implementing and executing the contracts review process, determining whether a risk assessment is required, and leading critical global strategic sourcing and procurement projects.

The role will interact with business units and the Procurement team on a daily basis, requiring excellent verbal and written communication skills. Functional knowledge of contracting review and risk analysis oversight is essential.

Key Responsibilities
  • Collaborate with strategic sourcing leads, business partners, and suppliers to identify service/product requests and assess criticality of risk resulting in the need for a risk assessment.
  • Manage continuous oversight and management of service/product changes throughout contract negotiations that would then result in the need for a risk assessment.
  • Lead risk contracting projects and drive improvements of global policies, programs, and processes.
  • Manage regulatory and compliance requirements.
  • Present TPMO/Procurement performance metrics and projects to senior management.
Requirements

A bachelor's degree and approximately 2-5 years of related work experience with clear understanding of and experience in financial services/internal audit/risk consulting preferred.

An undergraduate or graduate degree in Accounting, Finance, or Risk and/or another appropriate academic major is highly preferred.

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 is essential.

Salary and Benefits

The estimated salary range for this position is $80,000-$110,000 per year, depending on qualifications and experience.

Northern Trust offers a comprehensive benefits package, including medical, dental, and vision insurance, 401(k) plan, and paid time off.

We also offer flexible work arrangements, professional development opportunities, and a commitment to diversity, equity, and inclusion.

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