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.
1st LOD Risk & Control Senior Consultant
Summary:
The Risk & Control Self-Assessment ("RCSA") Senior Consultant, operates within the First Line of Defense Shared Service team to help the business execute the RCSA program ensuring compliance with program framework and guidance.
The successful candidate serves as a subject matter expert by advising and guiding the business to properly identify risks and controls and documenting them appropriately. RCSAs require collaboration with various stakeholders while influencing parties towards strategic goals.
In order to perform this role, a high level of interaction is required with senior leaders and business areas at all levels of the organization.
The key responsibilities will include:
- Execute on Northern Trust's RCSA program by facilitating a value-added RCSA product that captures the risk and control environment of the business while adhering to policy, standards, and guidebook requirements
- Management of the RCSA program deliverables - action plans, post effectiveness testing, control evaluation, etc.
- Review workflows to identify and drive management of risks associated with the program and improve overall control environment.
- Contribute to the development, maintenance, and ongoing enhancement of RCSA program Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
- Review KPI/KRI framework, scorecards, dashboards to ensure appropriateness of metrics / key performance indicators for RCSA program.
- Development, maintenance, and ongoing enhancement of RCSA program controls and initiate projects where required.
- Implementation of controls to mitigate process risks.
- Strong stakeholder engagement to ensure identification of issues and timely completion of actions to meet deadlines.
- Ensure the RCSA system of record is functioning properly and engage in coordination with Third-Party vendor.
- Provide UAT testing support for system of record as needed.
- Improve overall risk management culture and knowledge via training/awareness sessions.
- Collaborate with senior management risk partners and lines of business partners to coordinate operational risk management activities.
- Contribute to establishing and maintaining program processes and practices which effectively ensure that the enterprise program remains current, and incorporates / aligns with industry standards and best practices as appropriate, while adequately covering regulatory requirements
- Manage or lead projects aimed at improving the overall program.
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Communicate identified risks to key stakeholders, organize remediation action plans, and track identified risks to closure....
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
