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.
unctional Title
Technology Third
Party Risk Optimization Lead
Job Description
As the Technology Third Party Risk Optimization Leader at Northern Trust,
the incumbent
will spearhead efforts to
optimize
our third-party risk management program with a specific focus on technology vendors.
The
incumbent
will
play a pivotal role in
identifying
opportunities to enhance the efficiency, effectiveness, and resilience of our technology third-party risk management processes and controls
.
Responsibilities
Develop and implement a strategic roadmap for
optimizing
technology-focused third-party risk management practices,
leveraging
industry standards, emerging trends, and best practices to enhance the maturity and effectiveness of our program.
Lead cross-functional initiatives to streamline and standardize technology third-party risk assessment, due diligence, and ongoing monitoring processes, driving efficiencies and reducing redundancy while
maintaining
rigor and quality.
Partnering with the Enterprise Third Party Management Office, e
valuate and enhance the use of technology and automation tools to streamline risk assessment workflows, improve data collection and analysis, and enhance reporting capabilities for better decision-making and risk oversight.
Collaborate with technology, cybersecurity, and procurement teams to integrate risk management considerations into the technology vendor selection, contracting, and relationship management lifecycle.
Conduct periodic reviews and assessments of existing
T
echnology third-party relationships to
identify
areas for optimization, improvement, and consolidation, with a focus on enhancing risk mitigation strategies and reducing exposure.
Develop and deliver targeted training and awareness programs to educate technology and business stakeholders on best practices for technology third-party risk management optimization and continuous improvement.
Serve as a trusted advisor and subject matter expert on
T
echnology third-party risk management optimization, providing guidance, support, and thought leadership to internal stakeholders and senior management.
Stay abreast of emerging technology trends, cybersecurity threats, and regulatory developments
impacting
third-party risk management, and proactively adapt the program to address evolving risks and challenges.
F
oster a culture of innovation, collaboration, and continuous improvement to drive positive change and elevate the effectiveness of our
third-party
risk management function.
Skills
- Deep understanding of technology-related risks, cybersecurity threats, and regulatory requirements relevant to third-party risk management in the financial services sector.
- Proven
- track record
- of driving process optimization and efficiency improvements in technology third-party risk management practices.
- Strong analytical skills with the ability to assess complex technology risks,
- identify
- root causes, and develop pragmatic risk mitigation strategies.
- Excellent communication, presentation, and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels of the organization.
- Demonstrated leadership experience
- via influence
- , including the ability inspire a team to achieve common goals and drive continuous improvement.
- Highly organized with strong project management skills and the ability to prioritize and manage multiple initiatives simultaneously.
Experience
- Bachelors degree in Information Technology
- , Cybersecurity, Risk Management, or related field advanced degree or relevant professional certification (e.g., CISSP, CISM, CRISC) preferred.
- 8-15 years of work experience
- with
- Third Party Risk, Vendor Management or Due Diligence
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. #MadeForGreater
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
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.