Northern Trust
Senior Consultant, Third Party Risk Management - Audit & Regulatory
Northern Trust, Chicago, Illinois, United States, 60290
Senior Consultant, Third Party Risk Management - Audit & Regulatory
Overview The position supports the audit areas of Northern Trust that back the servicing of third party risk assessment controls. There are ongoing projects that require understanding the control process, identifying risks, interviewing business partners, sampling, testing and summarizing results. The role sits on the Third Party Management Team and blends operational execution with development and strategic direction of business function activities. Responsibilities
Develop audit programs, working papers, and financial / internal 1LOD testing reports Assist in preparing risk assessments and annual 1LOD testing audit plans for the Third Party Management Office Review and evaluate financial business processes and controls in relation to regulatory requirements Identify performance improvement opportunities for clients and communicate findings to senior management Execute process transformation and operational improvements; participate in organizational restructuring plans Review Internal Audit reports and provide detailed feedback to assist with observation closures Operate independently with in-depth knowledge of the business unit/function Provide subject-matter expertise, comprehensive consulting, and leadership to team and partners at a high technical level Handle large, cross-functional, technically challenging activities Qualifications
Bachelor's degree and approximately 3+ years of related experience in financial services / internal audit / risk consulting Undergraduate or graduate degree in Accounting, Finance, or Risk is highly preferred Thorough understanding of third-party risk management including program design, risk scoring and aggregation methodologies, and committee reporting Knowledge of global risk regulatory requirements with emphasis on US (OCC/FFIEC/FRB/FDIC) or UK (PRA/FCA) Salary and Benefits
Salary range: $95,600 - 162,400 USD. Northern Trust provides a comprehensive benefits package including retirement benefits, health and welfare benefits, paid time off, parental and caregiver leave, life & accident insurance, and a discretionary bonus program that may include an equity component. Working With Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture that values financial strength and stability, encourages movement within the organization, and supports an inclusive workplace. Flexible working arrangements are considered. Reasonable accommodation
Northern Trust is committed to 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 value an inclusive workplace and are committed to helping communities we serve. Apply today and discuss your flexible working requirements. Job Details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales
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Overview The position supports the audit areas of Northern Trust that back the servicing of third party risk assessment controls. There are ongoing projects that require understanding the control process, identifying risks, interviewing business partners, sampling, testing and summarizing results. The role sits on the Third Party Management Team and blends operational execution with development and strategic direction of business function activities. Responsibilities
Develop audit programs, working papers, and financial / internal 1LOD testing reports Assist in preparing risk assessments and annual 1LOD testing audit plans for the Third Party Management Office Review and evaluate financial business processes and controls in relation to regulatory requirements Identify performance improvement opportunities for clients and communicate findings to senior management Execute process transformation and operational improvements; participate in organizational restructuring plans Review Internal Audit reports and provide detailed feedback to assist with observation closures Operate independently with in-depth knowledge of the business unit/function Provide subject-matter expertise, comprehensive consulting, and leadership to team and partners at a high technical level Handle large, cross-functional, technically challenging activities Qualifications
Bachelor's degree and approximately 3+ years of related experience in financial services / internal audit / risk consulting Undergraduate or graduate degree in Accounting, Finance, or Risk is highly preferred Thorough understanding of third-party risk management including program design, risk scoring and aggregation methodologies, and committee reporting Knowledge of global risk regulatory requirements with emphasis on US (OCC/FFIEC/FRB/FDIC) or UK (PRA/FCA) Salary and Benefits
Salary range: $95,600 - 162,400 USD. Northern Trust provides a comprehensive benefits package including retirement benefits, health and welfare benefits, paid time off, parental and caregiver leave, life & accident insurance, and a discretionary bonus program that may include an equity component. Working With Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture that values financial strength and stability, encourages movement within the organization, and supports an inclusive workplace. Flexible working arrangements are considered. Reasonable accommodation
Northern Trust is committed to 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 value an inclusive workplace and are committed to helping communities we serve. Apply today and discuss your flexible working requirements. Job Details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales
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