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.
Role
The Director of Operational Risk Management Oversight is responsible for implementing the overall operational risk management program in conjunction with the SVP Operational Risk Management Program Lead, Global Head of Non-Financial Risk, and other Non-Financial Risk Managers across the organization. The Director also serves as a seasoned thought leader and subject matter expert that has a strong technical understanding of risk management, 2nd Line of Defense operating model, including RCSA, Controls Testing, Cyber and Technology risk, Third-Party Risk, Reporting & Analytics processes and activities, within the financial services industry. The person performing this position will be responsible for leading a team, ensuring partners buy into the overall vision, and the overall success of their team.
Responsibilities
Oversight of the 1st Line of Defense adherence to the RCSA policy
Provide 2LOD effective challenge and oversight ensuring risks and controls are inventoried accurately, adhere to program requirements and align to defined Risk Taxonomies
Provide objective oversight of risks through quality control using defined methodologies and subject matter expertise.
Analyze RCSA results and prepare reports that highlight themes, root causes, and emerging risks as needed to the Operational Risk Management Committee
Lead team of 2LOD controls testers responsible for testing, validating, and enhance control testing post RCSA approvals and 1LOD Controls Testing execution.
Lead NFR teams responsible for Technology Risk, Third-Party Risk, and Risk Reporting & Metrics
Advance the company's risk culture and program knowledge through training, education and communication
Strong stakeholder engagement to ensure identification of issues and timely completion of actions to meet deadlines
Improve overall risk management culture and knowledge via training/awareness sessions
Review key risk indicator framework, scorecards, dashboards to ensure appropriateness of metrics / key performance indicators
Collaborate with senior management risk partners and lines of business partners to coordinate operational risk management activities
Manage or lead projects aimed at improving the overall NFR programs
Act as the Site Manager to include, but not limited to, coordinating with functional managers to onboard new hires locally, provide local support and guidance required to access the premises, meeting right stakeholders, IT and system access related support. Ensure smooth onboarding of all the new NFR staff.
Review of Issues, IA and Exam Findings, and New Product/Initiatives to determine potential impact to risk and control inventories and work with the 1LOD to address
Perform other duties as assigned.
Knowledge, Skills, and Experience
Ability to communicate in a clear, concise and effective manner (verbal and written)
15+ years financial services experience with minimum 7 years of operational risk, controls, or audit experience
Excellent working knowledge of audit, risk and operational management concepts, and the ability to understand and interpret the impact of decisions, as well as identify and convey potential problem areas
Ability to foster a positive and proactive approach to process assessment and improvement and to identify trends and improve processes for both the customer and the business
Strong organizational, attention to detail, time management, and planning skills
Ability to handle multiple competing priorities
Ability to make independent decisions and also be a team player and effective communicator to ensure that issues are appropriately resolved
Confidence and expertise to advise management and the business
Ability to use initiative and work unsupervised in a proactive manner
A collaborative approach to work and ability to build relationships with strong interpersonal skills
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.