at Northern Trust Company in Chicago, Illinois, United States
Job 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.
Risk Specialist
Asset Servicing Risk Management is seeking a senior-level candidate with experience in financial services, including custody, fund administration, banking and capital markets. The Risk Specialist role will focus on risk assurance and advise on material change such as new products, systems, business, data/digitalization, and regulation. The role has a global remit to provide review and challenge and advise on risk policy adherence and appetite assessment.
As a Risk Specialist in our Asset Servicing Risk Management team, you will have the opportunity to collaborate globally across the Asset Servicing business unit and corporate functions. We value team players with understanding of risk management concepts, strong technical writing and verbal communication skills. You will need strong leadership skills and an understanding of the global financial markets, risk standards, and risk governance frameworks and policies. As part of Risk Management, you are at the center of keeping Northern Trust strong and resilient.
In addition, the Risk Specialist will advise senior management on opportunities to enhance the design and operating effectiveness of the internal control environment for Northern Trust's risk management practices.
The key responsibilities of the role include:
- Risk advisor to the Business on material change activity (e.g. new product, new business, new vendor etc.), including initial high-level views and channeling to appropriate risk evaluation and governance processes
- Engagement with business strategy ensuring a strong awareness and understanding of growth, product development and client prospects
- Risk assessment of material incidents and issues, including a review and challenge of the Business's risk evaluation process
- Provide independent risk reporting
- Support Corporate Risk in their development of risk frameworks and programs, and be an escalation for the Business and Corporate Risk owners
- Key member of Business Unit run risk forums
- Support client engagement regarding risk framework and escalation if arises
- Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment
- Interacts, partners and presents to Senior and Executive Management to understand the risks/challenges within the business, business changes and other significant events that could significantly affect the firm or adherence to regulatory requirements and risk appetite
- Maintains familiarization and technical expertise across the firm including organizational structure, personnel, activities and products, new product development, technology and data workstreams, financial performance and risk, and other areas as appropriate.
- Communicates with partners at all levels, developing and presenting recommendations on operations and controls
The successful candidate will benefit from having:
- Knowledge of Asset Servicing, Asset Management, Fund Services at a strategic and product / operational level
- Strong...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
