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.
Job Profile Summary:
The Operational Risk Analytics Senior Consultant is a key member of the global Non-Financial Risk (NFR) organization. As the Risk Analytics Senior Consultant, you will be an individual contributor in the second line of defense, and you will work closely with the manager of the Non-Financial Risk Quantification group. You will be responsible for model development, providing technical and theoretical expertise to resolve complex issues in capital estimation, regulatory reporting, and system implementation and maintenance.
Major Duties
Responsible for resolving complex issues in capital estimation, regulatory reporting, and system implementation and maintenance.
Responsible for model development and/or overseeing quantitative analytical processes for risk. Ensures regular production of analytical work and reports.
Works directly with the team responsible for collecting operational loss event data to support them on technical matters related to system implementation. Participate in maintenance of and initiatives to enhance the operational loss event data collection system functionality, including system testing and self-service reporting solutions.
Supports internal capital allocation methodologies. Ensures that capital modelling and allocation approaches meet both internal corporate needs and regulatory requirements of relevant regulations, including Basel and the Comprehensive Capital Analysis and Review (CCAR).
Operates independently; has in-depth knowledge of the Non-Financial Risk function. The role is balanced between high level operational execution and development, and execution of strategic direction of the Non-Financial Risk function activities.
Evaluates existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state. Acts as subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
Provides technical and theoretical expertise to resolve risk issues and enhance overall risk framework. Works with other risk teams to ensure that risk management policies/processes and quantitative modelling approaches are consistent. Strategic in developing, implementing and administering programs within Risk Management
Acts as contact for non-financial risk analytics with regulators, Audit Services, and internal risk teams. Responsible for direct interaction with committees and/or senior management.
Carries out activities that are large in scope, cross-functional and technically difficult. Conducts analysis, independently ensuring accuracy and completeness.
Provides communication and training efforts to promote understanding of risk measurement throughout the company.
Skills
Excellent oral and written communication skills are required. Analytical and problem-solving skills are required.
Technical skills / systems knowledge (e.g. R, Python, PowerBI, Latex, R Shiny) is strongly preferred. Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques.
Prior leadership role in a risk measurement capacity.
Understanding of technology solutions for risk management and measurement.
Knowledge of operational risk management and strategic goals for the bank's business. In depth knowledge of the Basel and CCAR regulations acquired through formal education and work experience is required.
Ability to communicate effectively verbally and in writing with all audiences, including non-technical senior leaders, in a structured manner.
Strong problem-solving skills, e.g., ability to structure ambiguous problems and mobilize diverse teams to solve them; ability to lead the team to define the root cause of issues.
Ability to move people to act, e.g., convening, structuring, owning the agenda and facilitating meetings and workshops to lead groups to agreement and commitment to execute.
Qualification & Experience
A college or university degree and/or relevant proven work experience is required. Advanced degree in related field (mathematics, statistics, economics) or equivalent career experience preferred. Related industry qualification is preferred.
7-10 years of relevant experience into Non-Financial Risk
Internal Candidates Criteria:
24 months as a Consultant for movement to Senior Consultant.
12 months as a Senior Consultant for a lateral movement
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.