Senior Consultant - Risk Appetite and Stress Testing

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Job Title: Senior ConsultantRisk Appetite and Stress Testing Specialist

Job Summary:
The Risk Appetite and Stress Testing Specialist will support the Risk Appetite and Measurement Director in the development maintenance and implementation of (i) the Stress Testing and (ii) Risk Appetite policies.

Risk Appetite: The ideal candidate will have demonstrated industry experience in the development of risk appetite statments including the identification of good quality risk appetite metrics across both financial and non financial risks. Also experience in thresholds/ limits calibration at global markets and line of business levels

Stress Testing: The ideal candidate will be experienced in scenario analysis and stress testing including risk management with proven stakeholder management skills as there will be a need to coordinate across multiple stakeholders in the 1st and 2nd LoD. Also experience working at a largescale financial services organization and a demonstrated ability to oversee such functions and effectively collaborate with senior stakeholders.

Key Responsibility
Support the facilitation of workshops for the development of risk appetite statements and metrics
Provide guidance to the 1st and 2nd line to drive enhancement in the definition escalation and reporting of risk appetites and metrics with a focus on increasing forwardlooking measures and stress quantification
Support the 1st line lo embed awareness and management of the appetite and tolerances across the organization
Support the Risk Appetite and Measurement Director with the regular refresh of risk appetites and metrics with a critical eye on industry best practices and evolving regulatory requirements and expectations
Work with the Data and Technology teams to support in the collation of metrics data so that thresholds/ limits can be calibrated
Support stress testing program managers in the development of scenarios and stress testing programs
Develop and maintain an inventory of stress testing programs as well as enterprise scenario library including regulatory guidance applicable for each stress test current pipeline of activities and stress test analysis summaries/results.
Prepare periodic activity reporting for senior management including a summary of enterprise stress testing activities.
Support the Risk Appetite and Measurement Director in the facilitation of discussions across Northern Trust stakeholders in order to establish linkage of the stress testing results with other risk management processes such as risk appetite and risk identification

Experience and Qualifications
Demonstrated industry experience in risk management and specifically risk appetite and scenario analysis and stress testing
Knowledge of risk management and strategic goals for the banks business.
Knowledge of regulations federal state and local laws and regulations acquired through formal education and work experience is a plus.
Seasoned multidisciplinary expert with extensive technical digital and / or business knowledge and functional expertise in risk avoidance and compliance.
Knowledge of regulatory capital requirements is a plus.

Skills
Works effectively as a team member but also independently
Excellent analytical and problem solving skills with attention to detail
Strong communication skills both written and verbal proven experience in interfacing comfortably across multiple stakeholders
Reporting skills with an ability to analyze and summarize information.
Communication and analytical skills are necessary to consult with partners/clients and analyze information and apply regulations.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds 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 .

We hope youre 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.