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 Summary:
The Risk Treatment Senior Consultant is a key position within Northern Trust’s enterprise risk management function, charged with the responsibility of helping to oversee risk treatment, controls testing, and issues management. Sitting within the 2nd line of defense, this position reports to the Risk Treatment Director and will play an important role in governing risk treatment and related activities, establishing deep relationships with the 1st line of defense. The core responsibilities encompass oversight of risk treatment, control testing, issues management and remediation, control monitoring, policy exceptions, and thematic analysis. The Risk Treatment Sr. Consultant role will support the Risk Treatment Director in fostering a culture of proactive risk treatment through training and monitoring adherence across the lines of defense.
Major Duties
• Support sustaining and embedding risk treatment practices across lines of defense through training and adherence monitoring
• Facilitate the oversight and management of identified issues, including reviewing and approving remediation action plans, escalating concerns, and validating closure for high-risk issues
• Ensure consistent controls testing practice across risk domains, business units, and legal entities
• Maintain monitoring and oversight of issues management and remediation, policy exceptions, and controls; tracking and reporting on compliance with applicable ERM Policies and Standards
• Produce impactful and insightful thematic analysis to support proactive risk management
• Engage with Data/Tech teams and Risk Enablement team for relevant models for risk aggregation and reporting based on Risk Treatment and Issues Management and related BAU execution
Experience and Qualifications
• 9+ years experience in risk management, including enterprise risk management experience, preferably at a large-scale financial services organization
• Demonstrated knowledge and experience in designing, training, and monitoring enterprise risk treatment practices, supporting effective implementation and sustainability
• Demonstrated experience in controls testing and monitoring
• Proven capability in high-quality execution, including both independent execution, as well as influencing cross-functional stakeholders to drive change
• Familiarity with ServiceNow or similar Governance, Risk, and Compliance tool, preferred
• Experience overseeing financial and/or non-financial risks, including interpreting and adhering to associated prudential expectations
• Ability to accurately identify, escalate, and drive actions to mitigate priority risks
Skills
• The ideal candidate will possess the following skills:
• The ability to think strategically, creatively, and logically to solve problems and drive risk management enhancements
• The ability to develop strong relationships and build stakeholder alignment on key initiatives
• The ability to lead projects from conception through execution and sustainment, leveraging sound change management principles and leveraging technical capabilities to arrive at the optimum solution
• Strong communication skills, including verbal and written communications to senior leaders and committees
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.