Principal – Password Management

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.

The function of the Principal – Password Management, will play a critical role in ensuring that the organization’s Password Management processes are aligned with regulatory requirements, industry standards, and internal processes. This position will develop and maintain password policies, standards, and procedures to ensure alignment with industry best practices and regulatory requirements. Additionally, this position will be instrumental in aligning with business, technology, information security and other corporate teams to establish and strengthen adoption of Password Management practices, standards and controls.  The selected candidate will partner with IAM architecture, engineering, operations and program teams to ensure that Password Management strategy and roadmaps are in alignment with other IAM capabilities and towers of work.

MAJOR DUTIES

• Password Policy Development and Enforcement: Develop and maintain password policies, standards, and procedures to ensure alignment with industry best practices and regulatory requirements.
• Critical Account Remediation: Lead efforts to identify, analyze, and remediate critical account password issues, including password reuse, weak credentials, and leaked credentials.
• Password Management Solution Design and Implementation: Design, implement, and maintain password management solutions, including password vaulting, synchronization, and rotation.
• Password Sync Process Management: Develop and maintain password synchronization processes to ensure seamless integration with various systems and applications.
• Password Security Monitoring and Incident Response: Monitor password-related security incidents and develop incident response plans to mitigate potential security risks.
• Collaboration and Stakeholder Management: Collaborate with cross-functional teams, including IT, security, and compliance, to ensure password management solutions meet business requirements and regulatory standards.
• Technical Leadership: Provide technical leadership and guidance on password management best practices, emerging trends, and new technologies.
• Compliance: Monitor and assess compliance with relevant regulations, standards, and policies related to Password Management including but not limited to SOX, SOC1, SOC2, GDPR, NIST and industry-specific regulation
• Audit: Coordinate and participate in regular audits and assessment of Password Management controls. Generate report and documentation to demonstrate compliance status
• Metrics: Define and create key performance indicators (KPIs) and metrics to measure the effectiveness of Password Management and compliance

QUALIFICATIONS

• Broad understanding of identity and access management, with expert knowledge in identity governance and administration
• Understanding of identity related regulatory requirements for all global regions
• Experience with IAM/password management tools: SailPoint, OKTA, Ping, Hitachi Bravura
• Strong aptitude to develop and maintain internal and external business relationships and to leverage those relationships in pursuit of day-to-day goals and responsibilities
• Excellent consultative skills
• Excellent oral and written communication skills are required
• In-depth Functional / Industry Knowledge is required
• Knowledge of information security, network management, operating systems, software development, database systems and information technology concepts needed to effectively manage the group
• Analytical and problem solving skills are required
• Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members towards the goals set
• A College or University degree and/or relevant proven work experience is required
• Industry certification such as CISSP, CISM, CISA, SANS, etc. is desired

Salary Range:

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.

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.