Vendor Management Operational Resilience Consultant

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Reporting to the Capital Markets Risk and Resiliency manager, this is a first line role within the Capital Markets business which will support Capital Markets Operational Resiliency and Third Party Risk programs. This role will closely interact with the Asset Servicing Operational Resiliency office to support adherence to the Corporate Risk Policy and help ensure that Third Party risks are appropriately managed, evidenced and escalated as needed. The opportunity includes engagement with different stakeholders across the organization including senior leaders. Therefore, excellent communication skills and knowledge of the Capital Markets business are essential.

Key Responsibilities

• Perform day-to-day activities to alignment of the Operational Resiliency and Third Party Risk programs.
• Support local regulatory and audit engagements pertaining to Operational Resiliency and Third Party Risk; this includes supporting remediation activities.
• Participate in analysis of important business services including defining scope of critical operations, interdependency analysis, impact tolerance, vulnerability assessment to identify material points of failure, develop action plans to remediate vulnerabilities, and test readiness of critical operations through severe but plausible scenarios.
• Supports Senior team members in first level 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.
• May include leading and supporting creation and recertification for Enterprise Critical Vendor (ECV) exit strategy and tabletop discussions.
• Partner with internal stakeholders (legal, compliance, procurement and business units) to ensure vendor engagements align with third-party risk framework and regulatory expectations.
• Support the implementation of the Capital Markets strategy by participating in special projects.

Knowledge/Skills

• Knowledge of operational resiliency including disaster/business recovery, business continuity management, 3rd party vendor/outsourcing, corporate risk policies and standards.
• Strong understanding of Capital Markets is preferred.
• Excellent verbal and written communication skills.
• Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities.
• Proven track record of being able to prioritise and complete deliverables on time.
• Proven experience in operational resiliency, third party risk management or Capital Markets.

Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com. We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.