At Northern Trust, we are committed to providing innovative financial services and guidance to the world's most successful individuals, families, and institutions.
">Role:
We seek a skilled professional to join our Third Party Oversight team as a Legal Entity Outsourcing Manager. This is a first-line role at Vice President level, offering an opportunity for an individual with third party risk management experience to drive forward the oversight model to ensure compliance with regulatory requirements.
The successful candidate will be a self-starter with high attention to detail, involved in driving forward the oversight model, utilising strong communication, relationship building, analytical, and teamwork skills to do so.
">Key Responsibilities:
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* Perform oversight of all third party and intercompany services relevant to the legal entity, including delegates such as Investment Managers and Distributors.
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* Drive, oversee and support all third party lifecycle activities, including risk assessments, due diligence, contracting, and ongoing monitoring, in close collaboration with the business designated vendor managers.
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* Act as a point of escalation for issues and escalate as applicable to the relevant Designated Person, Senior Management, and/or Governance Committees.
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* Partner with the business to drive adoption and adherence to the third party management framework.
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This involves providing continual guidance and expertise on governance, oversight, and risk mitigation, including through regular formal training sessions.
Maintain the register for all third party, fourth party, and intercompany arrangements.
Support the implementation of changes to address regulations related to outsourced activities, including CP138, CP140 and DORA.
">Skills / Experience:
Comprehensive experience in a third party risk management and/or oversight role at a global asset manager.
Knowledge of service provider requirements supporting Front, Middle and Back Office investment management services, including risk assessments, due diligence, service oversight, and governance of critical third parties.
Good knowledge of the UK and EU regulatory environment, in particular the CBI Outsourcing Guidelines (CP138) and other regulations related to third party management and vendor risk management.
">Valuable Competencies:
Team player with superior relationship building skills, with the ability to quickly gain trust and manage stakeholders effectively both internally and externally with third parties.
Ability to work independently, proactively and on own initiative, as well as supporting other team members as required.
Highly organised with strong attention to detail.
Good IT skills including Excel and Power Point, and ability to manage data for analysis, documentation, and reporting purposes.
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As a Northern Trust partner, greater achievements await.
You will be part of a flexible and collaborative work culture in an organisation where financial strength and stability is an asset that emboldens us to explore new ideas.
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