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.
As a Risk Management - Non-Financial Risk Governance Senior Consultant in our Non-Financial Risk Management team, you will support the successful implementation of the Corporate Non-Financial Risk Management Governance agenda. We value excellent team players with strong technical writing skills and verbal communication. You will need strong analytical skills, with ability to articulate and summarize findings to a broad audience. As part of Risk Management, you are at the center of keeping Northern Trust strong and resilient.
In this role you will support the implementation and governance of organization wide risk management policies and standards. In addition, you will be responsible for significant stakeholder management and collaboration across locations and functions, as we look to evolve established programs to clearly support business partners in the fulfilment of their risk management obligations while also addressing the existing and imminent cross jurisdictional regulations and regulatory expectations.
The key responsibilities of the role may include:
- Work with the Non-Financial Risk function to develop and maintain policies, standards, guidelines, and procedures, including risk advisory within the Non-Financial Risk Management Program
- Work closely with business units and corporate functions to assess business needs and further develop risk controls to efficiently achieve risk management goals and objectives
- Assist in developing, design, implementation, and support risk management framework, including but not limited to: Risk governance and controls, organization structure, policies, and procedures, three lines of defense, risk measures and metrics (risk appetite and limits, monitoring and escalation)
- Identify current state risk management activities and governance structure, assist with formulation of the required/desired state based on regulatory and best practices, conduct gap analysis
- Work alongside internal groups such as Legal Entity Risk Management, Cyber Risk, Privacy, and Enterprise Risk areas as well as Business Units, Compliance, Legal, and Operations on matters related to risk assessments, risk controls, incidents, and change management projects
- Provide support and guidance for audits and regulatory examinations
- Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment and how to adjust corporate programs to support
- Interacts with partners and presents to business unit and corporate function stakeholders 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
- Manages and performs special projects as assigned
- Participates in meetings with business units, Senior, and Executive Management to discuss program implementation and risk insights
- Drive and support change in the Non-Financial Risk team in line with the vision and strategy
The successful candidate will benefit from having:Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
