Specialist, Third Party Management Office Risk Governance

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Manage TPMO participation in applicable Corporate Risk Management processes, including risk and control assessments, issue management, operational risk events, control governance, and related risk activities. Coordinate the implementation of Corporate Risk Management requirements within TPM processes, documentation, responsibilities, and reporting routines. Maintain the TPMO calendar of required risk activities, assessments, governance reviews, reporting, and deliverables. Coordinate inputs from TPMO process owners and subject matter experts to support timely and accurate completion of risk management obligations. Maintain a consolidated view of TPMO risks, controls, issues, action plans, operational risk events, and related governance commitments. Incorporate Corporate Risk Management information into established TPMO reporting, including key themes, emerging risks, overdue activities, and matters requiring leadership attention. Facilitate TPMO risk governance routines, including preparation of materials, documentation of decisions, assignment of actions, and monitoring of commitments. Support the identification, documentation, escalation, and reporting of risks, issues, control gaps, and operational risk events in accordance with enterprise requirements. Maintain governance documentation and supporting evidence to demonstrate completion of TPMO’s Corporate Risk Management responsibilities. Identify dependencies, recurring themes, and reporting gaps across TPMO risk activities and escalate them through established governance channels. Provide guidance to TPMO partners regarding Corporate Risk Management processes, documentation expectations, required timelines, and reporting obligations. Support enhancements to TPMO governance procedures, reporting processes, roles, and supporting documentation. Assist TPMO leadership with governance materials and risk information for management discussions and applicable forums. Leads in the Third-Party Risk governance framework in the 1st Line of Defence, with oversight and reporting to enterprise leadership on related risk and control profile, issues / incidents and any relevant emerging risks Works with Vendor Managers to ensure that Third Party Risk policies and guidelines are adhered to, and provide actionable support and guidance to the Business Escalates any concerning trends to Senior Management. This may include (but not limited to) oversight and monitoring of emerging risks, weaknesses in controls and material change programs, deterioration in service / performance standards, and provide guidance on mitigating actions Assists in review of internal and external Third-Party Risk related events and issues, to ensure that the root cause is adequately identified and remediation actions are fit for purpose Works to ensure appropriate oversight / governance of intra-group arrangements is in place, and changes to business models are accurately reflected in applicable group documentation. This may include liaising (as needed) with Legal Entity Outsourcing Managers Assists in the support of local regulatory and audit engagements pertaining to Third Party Risk; this includes supporting remediation activities Supports Third Party Risk