Risk Reporting Senior Consultant

Northern Trust

  • Chicago, IL
  • $83,100-141,300 per year
  • Permanent
  • Full-time
  • 4 days ago
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 role will sit in the newly formed Enterprise Risk Management (ERM) Function (second line of Defense) reporting to the Risk Profile Reporting Director and will be charged with supporting the function to drive consistent, quality reporting of the risk profile across legal entities, business units, and enterprise levels.As the Risk Reporting Senior Consultant, you will play a key role in supporting the Risk Profile Reporting Director to deliver Northern Trust’s risk profile reporting policy and processes, driving consistent and quality risk profile reporting across Northern Trust. You will work closely with your team to execute risk profile reporting requirements, and work to embed these across Northern Trust, working in a culture of continuous improvement.The ideal candidate will have practical risk reporting production and sequencing experience, ideally at an enterprise level with strong enterprise risk management framework knowledge.The key responsibilities of the role include:
  • Supports maintenance of the policy and processes for risk profile reporting.
  • Reviews, disseminates, and interprets laws and regulations and works to proactively establish and document related policies, procedures, and standards.
  • Verifies that activities meet federal, state and/or local legal and regulatory requirements and regulations and monitors outcomes/risk levels for the organization or assigned area.
  • Supports the development, production, sequencing, execution, and ongoing improvement of quarterly risk profile reporting.
  • Supports and develops data aggregation of risk profile data to deliver against risk profile reporting policy requirements.
  • Contributes to the development of automation, analytics, and continuous improvements of risk profile reporting processes.
  • Supports management of key stakeholders to ensure effective co-ordination of risk profile reporting processes.
  • Consults with partners regarding more complex daily decisions that could pose risk and conflict with existing policy and assist with client negotiations of new and existing business on various complex issues that may conflict with bank policies and procedures.
  • Communicates and provides risk avoidance advice and requirements to managers and appropriate personnel.
  • Identifies situations which pose significant risk and guides management in developing policies and/or procedures that minimize risk.
  • Interacts with regulators, internal and external auditors on regulatory topics.
  • Provides direction and training to more junior staff where appropriate.
  • Serves on internal and external groups to provide and receive advice on industry trends.
  • Leads projects and/or assist and train more junior-level staff global where required.
The successful candidate will benefit from having:
  • Strong knowledge of risk management and strategic goals for the bank's business.
  • Direct experience in risk management framework reporting processes.
  • Robust background in enterprise risk management, at a large-scale financial services organization.
  • Experience working with team members in a global setting and is more conversant with working with different time zones and regions.
  • In depth knowledge of regulations, federal, state, and local laws and regulations acquired through formal education and work experience is required.
  • Strong communication and analytical skills are necessary to consult with partners/clients and analyze information and apply regulations.
  • Experience with Enterprise Risk Management Framework processes, such as Risk and Control Self Assessments (RCSA) either as front or second line.
  • Knowledge of enterprise risk frameworks and risk management methodologies.
  • Innovative thinking and adaptability to change.
  • Understanding of Technology and Digital capabilities.
  • Organizational and communication skills required to co-ordinate risk-related activities with various stakeholders.
  • High-level of attention to detail.
  • Practical experience of data analytics and related tools including Power BI and/or direct engagement with technology to design/built/manage.
  • Knowledge of GRC tools such as ServiceNow, RSArcher or other related would be advantageous.
  • Strategic and analytical thinking capabilities.
  • Strong stakeholder management and communication skills.
  • Project management and change management capabilities.
  • Digital literacy and proficiency in GRC tooling.
  • 6+ years of experience in risk and regulatory
#LI-LK2, #LI-HybridSalary Range: $83,100 - 141,300 USDSalary 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.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. #MadeForGreaterReasonable accommodationNorthern 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 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.

Northern Trust