Description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Job Summary:
The Intercompany Arrangements (ICA) Consultant is a key position within Northern Trust's Service Level Governance and Reporting function. As an ICA Consultants/ Sr Consultant you need to ensure effective oversight, governance, and risk management in accordance with Northern Trust's standards and regulatory requirements.

Major Duties
• Planning & Documentation: Request and review business rationales, entity critical assessments, and exit strategies for new services. Ensure completeness and log deficiencies as needed.
• Risk Assessment & Due Diligence: Oversee completion and quality check of IRQs and DDQs. Select risk-based samples for review and ensure logical, consistent responses. Log deficiencies and escalate unresolved issues.
• Contracting & Inventory Management: Verify proper storage and recording of ICSAs; ensure service descriptions are complete and meet required standards.
• Monitoring & Reporting: Conduct lifecycle monitoring of ICAs, track KPIs/KRIs, log and report exceptions and breaches, escalate as required.
• Program Review & Data Reconciliation: Perform annual and semi-annual reviews of registers, lists, and inventories. Reconcile databases and ensure all documentation is up to date.
• Stakeholder Engagement: Liaise with Legal Entity Outsourcing Managers (LEOM), Relationship Managers, and other stakeholders for information and confirmations.

Experience and Qualifications
Experience: 8 Years of experience, post-graduation degree such as CA/MBA is preferred
• Strong understanding of and experience in risk management, governance, control and compliance preferred. Working experience in Third Party Risk Management will be an added advantage.
• Excellent analytical skills for and the ability to reviewing questionnaires, assessments, and reports.
• Attention to detail for documentation and logging.
• Excellent communication skills, both verbal and written, and proven ability to effectively interact with stakeholders.
• Familiarity with systems and tools such as Coupa CRA and SharePoint.
• Ability to accurately identify, escalate, and drive actions to mitigate priority risks
• Strong organization, attention to detail, time management, planning skills and the ability to handle multiple competing priorities
• Ability to develop strong relationships and build stakeholder alignment on key initiatives

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

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 .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.