Financial Risk - Strategic Remediation Oversight

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.

Role/Department

Searching for a seasoned professional with extensive business experience multidisciplinary functional expertise with a focus on financial risk activity. Reporting to the Head of Strategic Remediation Oversight Financial Risk this individual will collaborate across the bank to drive strategic remediation efforts for financial risk issues.

The key responsibilities include:

• Provide effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses remediation plans remediation program and regional and global key deliverables

  • Identify and escalate gaps in NTCs responses and remediation initiatives

  • Provide quality assurance and challenge on deliverables to ensure that the deliverables are ready for Audit and regulatory review as required.

• Support program managers to deliver remediation programs through constructive and collaborative engagement to:

  • Ensure alignment with the requirements and standards set out by the Enterprise Risk Management function.

  • Assess the improvement opportunities that can be leveraged cross functions / business lines / locations in order to improve delivery speed and drive process and control alignment.

  • Support the identification of controls required to support new / improved processes that are required including roles and responsibilities for operation supervision and governance.

  • Identify and manage L1 & L2 issues in coordination with the impacted business and control areas.

• Works crossfunctionally with other staff to provide guidance to business and corporate functions in responding to regulatory or audit inquiries responses and remediation plans focused on operational risk

  • Coordinate the issue management teams and provide support to the issue pod required as part of the issue management process

• Work closely with the Head of Strategic Remediation Oversight Financial Risk to ensure the support provided is robust and aligned with the remediation activities undertaken

• Maintain familiarity of and technical expertise with business unit(s) organizational structure

• Stay current on financial risk regulatory rules and changes within the industry

• Leverage a strong peer network and tap the industry to identify leading practices

Skills / Experience

The successful candidate will benefit from having:

• Extensive experience in areas of financial risk (liquidity market credit risk)

• Strong organization attention to detail time management planning skills and the ability to handle multiple competing priorities

• Excellent interpersonal skills displaying the ability to engage diverse set of stakeholders understand their viewpoints build longterm relationships create a collaborative and inspirational environment within the team

• Ability to manage through substantial issues

• Ability to lead without authority as needed

• Confidence and expertise to advise management

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.