Specialist, Non-Financial Risk Management

About Northern Trust

As a global leader in innovative wealth management asset servicing asset management and banking services Northern Trust (Nasdaq: NTRS) is proud to guide the worlds most successful individuals families corporations and institutions.

Since 1889 we have aligned our efforts with our three guiding Principles That Endure: Service Expertise and Integrity. Together they reflect the three cornerstones of business conduct which we strive to instill in our employees whom we call partners and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

This Specialist role offers a hybrid work arrangement and is aligned as an 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. For more than 130 years Northern Trust has earned distinction as an industry leader for exceptional service financial expertise integrity and innovation.

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

The key responsibilities of the role include:

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 unit risk inventory assessment - advice/review/challenge - including the identification of trends or changes to likelihood impact and materiality
- Business unit risk metric aggregation analysis and reporting - advice/review/challenge - to support governance committee oversight
Participate in and/or present to various committees steering groups working groups
Perform external continuous monitoring for consideration of impact to Northern Trust Corporation and Assessment Management 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/operating model/business processes/controls
Support leaders ahead of liaising with regulators governance specialists and internal/external auditors

The successful candidate will benefit from having:

7 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

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B L-1 TN O-1 E-3 H-1B1 F-1 J-1 OPT CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner you will be part of a flexible and collaborative work culture which has a strong history of financial strength and stability. Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trusts history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at or alternatively you can discuss your individual requirements with the recruiter you are working with.