Senior Consultant, Non-Traditional Third Parties - Third Party Risk Management

Northern Trust • Tempe, AZ

11d

About The Position

The Senior Associate, Non-Traditional Third-Party Management & Sourcing, serves as a hybrid resource between Procurement and the Third-Party Management Office (TPMO). This role supports atypical and non-traditional third-party (NTTP) engagements throughout the relationship lifecycle, providing expertise in sourcing, contracting, governance, and third-party risk management requirements. The position partners with business stakeholders, Legal, Procurement, and TPMO to ensure engagements are established and managed in accordance with Northern Trust policies, standards, and regulatory expectations.

Requirements

• Experience in Procurement, Strategic Sourcing, Third-Party Risk Management, Vendor Management, or Contract Management.
• Understanding of contracting processes and third-party lifecycle requirements.
• Strong stakeholder management, problem-solving, and communication skills.
• Ability to navigate complex business arrangements and regulatory requirements in a financial services environment.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Nice To Haves

• The ideal candidate combines procurement and contracting expertise with third-party risk management knowledge, enabling effective oversight of non-traditional third-party relationships and ensuring compliance throughout the engagement lifecycle.

Responsibilities

• Support NTTP engagements from onboarding through renewal or termination.
• Lead and coordinate complex or non-standard contracting activities with Procurement, Legal, TPMO, and business stakeholders.
• Facilitate unique contract requirements and ensure alignment with Northern Trust policies and third-party management standards.
• Provide guidance on sourcing, contracting, due diligence, and ongoing monitoring requirements for NTTP categories.
• Review contracts and engagement structures periodically to ensure continued compliance with governance, risk, and regulatory expectations.
• Partner with business units that execute third-party risk management activities under TPMO oversight.
• Identify process gaps, contract risks, and compliance issues, and drive remediation with stakeholders.
• Serve as a key liaison between Procurement, TPMO, Legal, Risk SMEs, and the business.

Benefits

• flexible and collaborative work culture
• strong history of financial strength and stability
• Movement within the organization is encouraged
• senior leaders are accessible
• company committed to an inclusive workplace
• assisting the communities we serve
• Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture.
• Employees around the world give their time and talent to work for the greater good of their communities.
• Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed