Specialist, Third Party Management Office, Risk Governance

Northern Trust

. Manage TPMO participation in Corporate Risk Management processes, including risk and control assessments, issue management, operational risk events, control governance, and related activities .

Posted 9/18/2026full-timeChicago • Arizona • United StatesSeniorLead💰 $114,700 - $194,900 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in Corporate Risk Management, including risk governance, operational risk, and third-party risk management. Proven ability to coordinate complex deliverables and communicate effectively with stakeholders while ensuring compliance with regulatory expectations.

Highest-signal resume keywords

Corporate Risk ManagementThird-Party Risk ManagementRisk Governance ProcessesAnalytical SkillsStrong Communication Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Risk AssessmentControl GovernanceOperational Risk ManagementIssue ManagementRisk ReportingControl EnvironmentsGovernance DocumentationPolicy DevelopmentRegulatory ComplianceEnterprise Risk Frameworks

Soft Skills

Organizational SkillsCollaborationIndependent JudgmentStakeholder CoordinationExecution Drive

Tools & Technologies

Power BIGovernance, Risk, and Compliance PlatformsEnterprise Risk Systems

Certifications & Qualifications

CRMACIACISACRCMFRM

Industry Keywords

Financial ServicesAuditComplianceOperational RiskRegulated Environment

About the role

Key responsibilities & impact

Manage TPMO participation in Corporate Risk Management processes, including risk and control assessments, issue management, operational risk events, control governance, and related activities
Coordinate 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 for timely completion of risk management obligations
Maintain a consolidated view of TPMO risks, controls, issues, action plans, operational risk events, and governance commitments
Incorporate Corporate Risk Management information into TPMO reporting, including key themes, emerging risks, overdue activities, and matters requiring leadership attention
Facilitate TPMO risk governance routines, including preparing materials, documenting decisions, assigning actions, and monitoring commitments
Support identification, documentation, escalation, and reporting of risks, issues, control gaps, and operational risk events
Maintain governance documentation and evidence demonstrating completion of TPMO Corporate Risk Management responsibilities
Identify dependencies, recurring themes, and reporting gaps across TPMO risk activities and escalate through governance channels
Provide guidance to TPMO partners on Corporate Risk Management processes, documentation expectations, timelines, and reporting obligations
Support enhancements to TPMO governance procedures, reporting processes, roles, and documentation
Assist TPMO leadership with governance materials and risk information for management discussions and forums
Lead the Third-Party Risk governance framework in the first line of defence, with oversight and reporting to enterprise leadership on risk and control profiles, issues/incidents, and emerging risks
Work with Vendor Managers to ensure Third-Party Risk policies and guidelines are followed and provide actionable support to the business
Escalate concerning trends to Senior Management, including emerging risks, control weaknesses, material change programs, and deteriorating service or performance standards
Review internal and external Third-Party Risk events and issues to ensure root causes are identified and remediation actions are fit for purpose
Ensure appropriate oversight and governance of intra-group arrangements and accurate reflection of business-model changes in group documentation
Support local regulatory and audit engagements related to Third-Party Risk, including remediation activities
Support Third-Party Risk awareness and risk management culture
Lead cross-functional or complex projects
Act as a subject matter expert for team members and substitute for the manager when required

Requirements

What you’ll need

Bachelor’s degree in Business, Finance, Risk Management, or a related field
Approximately 7+ years of relevant experience in Corporate Risk Management, Enterprise Risk Management, Operational Risk, risk governance, internal controls, audit, compliance, or a related discipline
Practical experience applying Corporate Risk Management requirements within a first-line business function or in partnership with first-line teams
Experience coordinating risk governance processes such as risk and control assessments, issue management, operational risk events, control inventories, risk reporting, or audit activities
Strong understanding of enterprise risk frameworks, control environments, issue management, and governance requirements
Ability to translate risk management requirements into practical processes, documentation, defined responsibilities, and reporting
Experience preparing risk and governance information for leadership or governance forums
Proven ability to coordinate complex deliverables across multiple stakeholders without direct authority
Strong analytical and organizational skills
Strong written and verbal communication skills
Ability to exercise independent judgment within an established functional framework and escalation structure
Strong understanding of Third-Party Risk management principles, including policy development, control definition, and application of controls in the business
Strong knowledge of Third-Party Risk control environment
Strong knowledge of corporate risk policies and standards
Strong working knowledge of technologies relevant to responsibilities
Strong analytical skills, including use of tools such as Power BI
Strong collaboration and communication skills
Ability to drive to execution
Knowledge of key business drivers and factors that maximize department performance
Experience within Third-Party Risk Management, Procurement, financial services, or another regulated environment
Experience working within, or closely with, a Corporate Risk Management or Operational Risk Management function
Knowledge of first-line responsibilities within enterprise risk management frameworks
Familiarity with financial services regulatory expectations
Experience with governance, risk, and compliance platforms or enterprise risk systems
A College or University degree and/or relevant proven work experience is required
5–7 years of related experience in roles working in Third Party risk related topics
Professional certification such as CRMA, CIA, CISA, CRCM, FRM, or an equivalent risk-related credential is preferred
Must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits (medical, dental, vision, spending accounts and disability)
Paid time off
Parental and caregiver leave
Life and accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Flexible and collaborative work culture
Movement within the organization is encouraged
Reasonable accommodation for individuals with health conditions and disabilities