Analyst - Operational Risk Management

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.

This Analyst role is based in Chicago, offers a hybrid work arrangement (i.e., home and office), and is aligned as a enabling function to the Asset Management business unit of Northern Trust Corporation. Northern Trust Corporation is a leading global provider of diversified financial services to corporations, institutions, affluent families and individuals, including but not limited to, assets under management of US$1.4 trillion as of June 30, 2023. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. 

The Analyst will be a key member in a global Operational Risk Management team providing advice and challenge on risk related matters aligned to policies, standards, and frameworks. This role will allow the Senior Analyst to establish and maintain close working relationships with key stakeholders, to have intimate access to leaders working to develop solutions for real-world issues, and offer excellent exposure for a Risk Management professional looking to further their career in asset management and financial services. 

Major Duties: 

• Consult with first line leaders to ensure alignment with Northern Trust Corporation and Assessment Management policies, standards, and frameworks, including in relation to: governance practices; risk appetite, self-assessment, monitoring, and reporting; control identification, design and effectiveness assessments; operational resiliency; cybersecurity; third-party Risk Management; privacy; process change management 
• Independently manage and/or coordinate: 
• Business as usual incident management, including coordination with business unit Control and Compliance 
• Business unit risk inventory assessments, including the identification of trends or changes to likelihood, impact, and materiality 
• Business unit risk measure data aggregation, analysis, and reporting to support governance committee oversight Participate in and/or present to various committees, councils, working groups, and forums 
• Perform external continuous monitoring for consideration of impact to business unit, as well as internal continuous monitoring on business change initiatives to ensure risks are identified and aligned with risk appetite 
• Liaise with first line leaders and contribute thought leadership to technology/digital development initiatives 
• Support Operational Risk team leaders ahead of liaising with regulators, governance specialists and internal/external auditors

Knowledge/Experience/Skills: 

• 3+ years of Fortune 500 Risk Management consulting or dedicated second line Risk Management experience in financial services, with preference to direct experience in asset management 
• Membership and exposure to ORX a plus, as well as risk designations and certificates such as: Professional Risk Manager (PRM); Operational Risk Manager (ORM); International Certificate in Enterprise (or Financial Services) Risk Management; Certificate in Operational Risk Management 
• Proficient in insight generation, professional judgement, influence, negotiation, and conflict management 
• Proficient understanding of risk frameworks, risk assessment, internal controls, including technology; business process and root cause analysis techniques 
• Advanced ability and desire for relationship management and business partnering, including listening, oral, written communication 
• Believes in the power of a diverse team and ideas, flexible and open to coaching,understands ethics and integrity 
• Behaves like a business owner, maintains attentional to detail, and maximizes productivity

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.\

For further information, and to apply, please visit our website via the “Apply” button below.