Head of First Line of Risk & Control - Banking & Markets

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.

Job Responsibilities:

1. Manages the first line of defense risk function while serving as the primary business unit liaison to the second line of defense risk and compliance function.
2. Manages the regulatory change program for Banking & Markets and acts as a central point of contact for regulators on behalf of Banking & Markets.
3. Develops the Banking and Markets control framework process including the identification, classification and review of the control environment.
4. Responsible for incident management processes.
5. Owner of the Banking and Markets risk framework and governance structure including ownership of all Banking and Markets risk council activities.
6. Reviews, advises, and challenges changes to the Banking & Markets product offerings.
7. Oversee and develop the business unit’s operational resiliency framework.
8. Accountable for the business unit’s adherence with corporate outsourcing and third party management standards.
9. Provides leadership and management of audit engagements including scoping discussions as well managing audit findings remediation tracking.
10. Serves as a member of relevant Asset Servicing governance committees representing Banking and Markets.
11. Responsible for implementing the business unit’s strategic plan and providing risk reporting to the program.
12. Provides leadership and guidance to staff, fostering an environment that encourages partner participation, teamwork, and communication; set measurable objectives and key results.

Experience Required:

1. Big bank/G-SIB regulatory experience.
2. Extensive understanding of Banking & Markets regulatory landscape.
3. Experience developing Banking & Markets risk and control framework.
4. Displayed strategic leadership.

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. #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 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.