Northern Trust
Strategic Remediation Oversight - Financial Risk Sr. Consultant
Northern Trust, Chicago, Illinois, United States, 60290
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.Searching for a seasoned professional with extensive business experience, multi-disciplinary 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 NTC’s responses and remediation initiativesProvide 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 Level 1&2 issues, in co-ordination, with the impacted business and control areas.
Works cross-functionally 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
Co-ordinate 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 undertakenMaintain familiarity of and technical expertise with business unit(s) organizational structure,Stay current on financial risk regulatory rules and changes within the industryLeverage a strong peer network and tap the industry to identify leading practicesThe successful candidate will benefit from having:Required Skills / ExperienceA college or university degree or equivalent of work experience in a similar role7+ years’ experience in financial services, with experience in a financial institution, or similar consulting experience in the financial services industry specifically in operations or a financial risk areaStrong organization, attention to detail, time management, planning skills and the ability to handle multiple competing prioritiesRequired CompetenciesExcellent interpersonal skills displaying the ability to engage diverse set of stakeholders, understand their viewpoints, build long-term relationships, create a collaborative and inspirational environment within the teamAbility to manage through substantial issuesAbility to lead without authority as neededConfidence and expertise to advise management#LI-LK2, #LI-HybridWorking 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
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.
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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 NTC’s responses and remediation initiativesProvide 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 Level 1&2 issues, in co-ordination, with the impacted business and control areas.
Works cross-functionally 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
Co-ordinate 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 undertakenMaintain familiarity of and technical expertise with business unit(s) organizational structure,Stay current on financial risk regulatory rules and changes within the industryLeverage a strong peer network and tap the industry to identify leading practicesThe successful candidate will benefit from having:Required Skills / ExperienceA college or university degree or equivalent of work experience in a similar role7+ years’ experience in financial services, with experience in a financial institution, or similar consulting experience in the financial services industry specifically in operations or a financial risk areaStrong organization, attention to detail, time management, planning skills and the ability to handle multiple competing prioritiesRequired CompetenciesExcellent interpersonal skills displaying the ability to engage diverse set of stakeholders, understand their viewpoints, build long-term relationships, create a collaborative and inspirational environment within the teamAbility to manage through substantial issuesAbility to lead without authority as neededConfidence and expertise to advise management#LI-LK2, #LI-HybridWorking 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
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.
#J-18808-Ljbffr