Northern Trust

Consultant - Procurement and Third-Party Governance & Compliance

Northern Trust • $64K — $105K *
Tempe, AZ 85281In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Accounting, Finance, Risk Management, or a related field.
  • 1-3 years of experience in audit, risk management, compliance, or procurement.
  • Basic understanding of audit processes and compliance concepts.
  • Exposure to third-party risk management preferred but not required.
  • Strong attention to detail and organizational skills.
  • Ability to follow established procedures under supervision.
  • Effective written and verbal communication skills.

Responsibilities

  • Support internal and external audits related to Third Party Management by preparing documentation.
  • Assist in executing first line of defense testing activities, including sampling and control testing.
  • Help prepare risk assessments and contribute to annual audit plans for Third Party Management Office.
  • Review business processes against documented policies and escalate issues as identified.
  • Compile audit materials and maintain organized records for audit readiness.
  • Track audit issues and support remediation activities for timely closure.
  • Assist in drafting responses to Internal Audit reports and participate in information gathering meetings.

Benefits

  • Comprehensive retirement benefits including 401k and pension.
  • Health and welfare benefits including medical, dental, vision, and disability insurance.
  • Paid time off, parental and caregiver leave.
  • Life and accident insurance, with additional voluntary and well-being benefits.
  • Discretionary bonus program with potential equity component.
Full Job Description
Job Description

Northern Trust, a Fortune 500 company, is a globally recognized financial institution with over 130 years of experience providing innovative financial services. The Audit & Regulatory Specialist (P2) role supports the Third Party Management (TPM) and Procurement teams by assisting with audit, regulatory, and risk management activities related to third-party risk assessment controls.

This position focuses on execution, documentation, and coordination of audit and regulatory support activities under the guidance of more senior team members. The role requires a foundational understanding of control processes, regulatory expectations, and third-party risk management practices.
Key Responsibilities
  • Support internal and external audits related to Third Party Management and Procurement by assisting with audit requests, documentation collection, and evidence preparation.
  • Assist in the execution of first line of defense (1LOD) testing activities, including sampling, control testing, and documentation of results.
  • Help prepare risk assessments and contribute to annual audit and testing plans for the Third Party Management Office.
  • Review business processes and controls against documented policies, procedures, and regulatory expectations, escalating issues as identified.
  • Compile audit materials, summaries, and working papers under established templates and guidance.
  • Assist with tracking audit issues, regulatory findings, and remediation activities to support timely closure.
  • Support reviews of Internal Audit reports and assist in drafting responses or remediation documentation.
  • Participate in meetings with business partners to gather information and clarify documentation needs.
  • Maintain organized records and repositories to support audit readiness and ongoing compliance.
Qualifications
  • Bachelor's degree in Business, Accounting, Finance, Risk Management, or a related field.
  • Approximately 1-3 years of relevant experience in audit, risk management, compliance, procurement, or third-party risk.
  • Basic understanding of audit processes, internal controls, and regulatory compliance concepts.
  • Exposure to third-party or vendor risk management concepts is preferred but not required.
  • Strong attention to detail, organization, and documentation skills.
  • Ability to follow established procedures and work effectively under supervision.
  • Effective written and verbal communication skills.
Preferred Experience / Knowledge
  • Familiarity with Third Party Risk Management (TPRM) or Procurement processes.
  • Awareness of financial services regulatory expectations (e.g., OCC, FFIEC, PRA, FCA) is a plus.
  • Experience supporting audits, issue management, or control testing activities.
  • Proficiency with Microsoft Office tools (Excel, Word, PowerPoint).
Key Competencies
  • Detail-oriented and process-focused
  • Ability to learn and apply regulatory and control concepts
  • Strong documentation and organizational skills
  • Collaborative and responsive to guidance
  • Accountability for assigned tasks and deadlines


Salary Range:
$64,125 - 105,925 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ
NTRS
* Ladders Estimates

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