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:
- 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)
- Strong analytical skills (e.g., financial analysis, budgeting, strategic planning)
- Excellent technical writing skills
- Solid understanding of project management and portfolio management techniques and methods (i.e., what good looks like), change management principles, and how to build high-performing teams
- Project management experience across a portfolio of initiatives (e.g., defining objectives and success metrics, developing execution plans, identifying and managing dependencies, anticipating and resolving roadblocks, ensuring that the project teams stay on track, proactively managing dependencies and making purposeful trade-offs)
- Ability to establish trust-based relationships with stakeholders across enterprise, lead them towards common objectives, and managing upwards and downwards (e.g., experience with acting as a constructive conduit between business and non-business teams)
- Ability to communicate effectively verbally and in writing with all audiences, including senior leaders, in a structured manner, including on high-sensitivity topics (e.g., organizational structure, funding)
- Bachelor's Degree or commensurate related job experience
- 5+ years of experience in Auditing, Accounting, Internal Control, and/or Risk Management
- Strong business writing skills
- Demonstrated ability to collaborate cross-functions to achieve measurable results
- Strong organizational skills
- Ability to manage and prioritize multiple requests at the same time
- Detail-oriented with strong analytical skills
- Proficiency in Microsoft Word, Excel, and PowerPoint
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.
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