Role
This is a first line role at Vice President level, offering an opportunity for an individual with third party risk management experience to join the Third Party Oversight team as a Legal Entity Outsourcing Manager. The successful candidate will be a self‑starter with high attention to detail, involved in driving the oversight model to ensure compliance with the third party management framework and regulatory requirements, utilising strong communication, relationship building, analytical, and teamwork skills.
Key Responsibilities
Perform oversight of all third party and intercompany services relevant to the legal entity, including delegates such as Investment Managers and Distributors.
Drive, oversee and support all third party lifecycle activities, including risk assessments, due diligence, contracting, and ongoing monitoring, in close collaboration with vendor managers.
Act as a point of escalation for issues and escalates to the relevant Designated Person, Senior Management, and/or Governance Committees.
Partner with the business to drive adoption and adherence to the third party management framework and provide continual guidance and expertise on governance, oversight, and risk mitigation, including 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.
Create and present management information, dashboards, and reports to senior stakeholders and governance forums, including the calculation of concentration risk.
Support business continuity and operational resilience requirements, including controls testing and business continuity plan testing.
Develop exit strategies for critical vendors, including leading exit plan and scenario testing workshops.
Drive vendor deep dives to ensure appropriate documentation, operational resiliency strategies, and vendor performance.
Review and coordinate reviews of key documentation including contractual agreements, service descriptions, service menus, and policies, performing gap analyses as appropriate.
Lead coordination of due diligence and service review meetings.
Work with Procurement and the enterprise Third Party Management Office to assess treatment of third parties, inclusive of Non‑Traditional Third Parties if necessary.
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, particularly the CBI Outsourcing Guidelines (CP138) and related regulations.
Experience with third party fund accountants, custodians, transfer agents and investment managers.
Knowledge of operational resilience, business continuity, controls, and exit strategy requirements.
Valuable Competencies
Team player with superior relationship building skills, able to quickly gain trust and manage stakeholders effectively.
Independent, proactive, and self‑initiated, while supporting other team members.
Highly organised with strong attention to detail.
Good IT skills including Excel and PowerPoint, and ability to analyse, document, and report data.
Strong written and verbal communication and presentation skills, particularly to senior executives.
Ability to multitask, assess issues, propose solutions, and convey complex information simply in a fast‑paced environment across a wide range of stakeholders.
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 MyHRHelp@ntrs.com.
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