Third Party Management - Program Governance

## Third Party Management - Program Governance Apply locations:
Tempe, AZtime type:
Full time posted on:
Posted Todayjob requisition :
R153007
** About Northern Trust
** As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.  Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.  With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
### Role Summary The Third Party Management Office (TPMO) Standards, Procedures & Governance Lead will establish and run the TPMO’s standards and procedure governance function, ensuring enterprise-wide third-party lifecycle requirements are clearly documented, effectively governed, kept current, and consistently adhered to. The role is accountable for managing TPMO-owned standards/procedures (including change control and RACI alignment), producing executive-ready risk committee materials, chairing the Third-Party Working Group (TPWG), and driving transparency and escalation around operational performance—particularly where Business Units (BUs) or Corporate Functions are outside defined SLAs for onboarding, due diligence, ongoing monitoring, and quarterly business review (Q ) scorecard updates.  

This position aligns closely to the TPMO mandate to own, design, implement, and enforce compliance with third-party management standards and supporting artifacts, and to report on ongoing adherence and timeliness across lifecycle activities.### Primary Responsibilities1) Standards & Procedure Governance (Establish + Run the Function)
* Stand up and operate the TPMO standards/procedures governance model (intake, drafting, review, challenge, approvals, publication, communications, and attestation where applicable).
* Own the end-to-end change control process for TPMO standards, procedures, and supporting artifacts; coordinate review cycles with SMEs and ensure updates reflect regulatory changes and operating model updates.
* Maintain and update the TPMO RACI and embedded role clarity within standards and procedures in accordance with changes in regulatory expectations and internal operating models.
* Drive consistency across TPMO job aids, playbooks, and trainings; identify training needs and produce/coordinate training materials tied to the Third-Party Risk Management Policy, TPM Standard, and supporting artifacts.
2) Risk Committee Materials (Creation, Narrative, and Pack Management)
* Lead development of recurring and ad hoc risk committee reporting packs that provide a consolidated, end‐to‐end view of TPMO performance, risk posture, and control effectiveness across the third‐party lifecycle.
* Translate operational data into executive-ready narratives that highlight execution risks, metric/threshold breaches, functional interdependencies, and resulting risk exposure to support committee oversight and decisioning.
* Coordinate inputs, reviews, and deadlines across TPMO and partner functions to ensure accuracy, consistency, and readiness for governance forums (including final QA and version control).
* Maintain and evolve standardized templates for committee “Description and Purpose,” executive summaries, key points for consideration, recommendations, and next steps (ensuring repeatability month-over-month).3) Chair the Third-Party Working Group (TPWG)
* Chair the TPWG, set agendas, drive structured decisioning, document outcomes, and manage follow-through on actions and governance commitments, consistent with TPMO’s responsibility to chair the Third-Party Working Group.
* Serve as primary facilitator for cross-functional alignment on lifecycle adherence, policy/standard interpretations, and operational issue resolution;…