Risk And Control Specialist

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.

The Risk and Control Specialist is responsible for 2nd line identification and aggregation of Northern Trust’s key risks and Controls. This role will work closely with the 2nd line executive leadership team, including the Chief Risk Officer, Chief Administrative Officer, Head of Risk Strategy, Head of Financial Risk, and Head of Non-Financial Risk, etc. This role will also work closely with the 1st line leadership teams, particularly coordinating with Business Unit Chief Control Officers, to coordinate Risk and Control identification, awareness, and inventorying across the organization.

Key responsibilities include coordinating with the 2nd line executive leadership team to challenge and enhance the risk inventory and Control library across risk categories and business units. Importantly, this role is also responsible for embedding awareness, ongoing maintenance, and aggregation of controls throughout the organization.

The ideal candidate will have a track record of managing Risk and Control identification at large financial institutions, as well as coordinating with senior stakeholders across the organization.

The key responsibilities of the role include:

• Drive 2nd line efforts to enhance Risk and Control identification and aggregation, as part of an enterprise-wide Risk and Control enhancement program
• Provide strategic guidance to drive enhancement of the Risk and Control inventory and aggregation as reported within the enterprise risk profile, coordinating with technology, data, and analytics to drive automation where appropriate
• Develop an approach to regularly refresh and challenge Risk and Control identification, as well as an approach to perform periodic deep dives on tail risks
• Partner with testing functions to ensure control effectiveness ratings are aligned with testing outcomes
• Lead discussions at risk oversight committees, driving focused materials and points of risk discussions
• Serve as a liaison with regulators and auditors to support examinations, as well as continuous monitoring efforts

The successful candidate will benefit from having:

• Proven experience identifying and inventorying risks and Controls at a financial services organization, preferably a GSIB
• Experience with financial and non-financial risk identification and reporting and associated regulatory rules
• Proven capability in high-quality execution, including independently as well as moving cross-functional stakeholders to act
• Strong analytical skills (e.g., financial analysis, budgeting, and strategic planning)
• Strong communication skills, including verbal and written with all audiences, including senior leaders, in a structured manner, including on high-sensitivity topics
• Proven experience managing delivery of critical changes in complex environment
• Ability to establish trust-based relationships with stakeholders across enterprise, including experience effectively reviewing and challenging and raising awareness of key stakeholders
• Knowledge of custody business is preferred
• 5+ years of direct risk management identification experience is preferred
• BS/CA diploma in management or finance; An MBA or similar advanced degree is preferred
• Consulting experience is preferred

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.

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.